PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. According to Lansdowne-Higgins, among the biggest challenges in accounts payable today is the data silos.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

JULY 10, 2019

FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

NOVEMBER 16, 2020

Across Asia, an ongoing boom in global eCommerce volume, coupled with a convergence of market conditions, has made cross-border B2B trade a booming business — and a potentially lucrative one for small and medium-sized enterprises (SMEs). One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

DECEMBER 20, 2017

Along with its parent company, Cambridge Global Payments, Global Exchange is introducing Invoice Automation Solutions, a new service for businesses across industries that will be added into the Cambridge Global Payments offering.

Invoicing 46

Invoicing Foreign Exchange Risk Management Accounting 46

PYMNTS

NOVEMBER 17, 2020

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

MARCH 5, 2019

WorldFirst is looking to expand its B2B payments position through an acquisition of CurrencyVue, the company said on Monday (March 4). CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. and the U.K.

B2B 43

B2B Foreign Exchange Risk Management Invoicing 43

PYMNTS

JANUARY 9, 2018

UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China. According to a press release issued on Monday (Jan. Exports made up 80 percent of that volume. market and allow tourists from China visiting the U.S.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

PYMNTS

NOVEMBER 7, 2019

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Cross-Border Headaches. The friction points of managing workflows like billing and revenue collection across borders are plentiful in today's environment.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

AUGUST 25, 2016

PayPal has only recently launched its B2B payments services through a few partnerships aimed at facilitating invoice payments. Now, the company is taking a solo approach to the space with the rollout of a new service aimed squarely at freelancers and B2B sellers. Reports on Wednesday (Aug.

B2B 40

B2B Foreign Exchange Invoicing Accounting 40

PYMNTS

OCTOBER 4, 2019

More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. See all of the latest B2B fundraises below. million in the B2B eCommerce startup, MENAbytes reports said. Funds and accounts advised by T. SaaSOptics. Clix Capital.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

OCTOBER 21, 2016

It was another stellar week for B2B FinTech startups, which announced a collective $191.8 B2B Payments. B2B payments automation firm Nvoicepay revealed a $10 million investment Wednesday (Oct. million in venture capital and growth equity investment this week. PayCommerce. ” SME Banking. . ” SME Banking. IbanF irst.

B2B 77

B2B Startups Foreign Exchange Investments 77

PYMNTS

OCTOBER 26, 2018

raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreign exchange solutions, with its eye fixed on exporters. Businesses across Asia, South Africa, the U.K. GreenSlate.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

OCTOBER 8, 2020

Mambu worked with B2B cross-border technology firm Currencycloud in order to let clients quickly work to put virtual accounts, collections, foreign exchange services and payments in place. The changes aim to improve speed and control in banking.

Foreign Exchange 56

Foreign Exchange B2B Invoicing Banking 56

PYMNTS

DECEMBER 21, 2020

The company’s core business is to enable businesses to access payment or collection of major expenses using credit cards where cards are not accepted, such as to pay rent, tax, invoices and payroll. CardUp’s business model is charging the card for payment and delivering funds to the end supplier’s bank account through bank transfer.

B2B 70

B2B Foreign Exchange Accounts Payable Invoicing 70

PYMNTS

DECEMBER 4, 2019

This week, the firm announced a collaboration with Ebury to integrate foreign exchange (FX) and cross-border payment services into its product suite. Malware and phishing scams, supplier and invoice fraud, and sheer negligence have caused B2B payments fraud to surge. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

JULY 8, 2016

With nearly $50 million in venture capital funding for B2B startups this week, the field didn’t fare too bad. Cross-Border B2B Payments. With $3 million in new venture capital, Australia-based Airwallex is helping businesses pay and issue cross-border invoices in the currency of their choice. ” Logistics.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

NOVEMBER 22, 2019

Innovation in accounts payable (AP) is now largely being driven not only by challenges in the way businesses make payments, but also by friction in the way their vendors and business partners receive them. That lack of connectivity and integration makes for sluggish B2B payments. Hurdles at Every Turn.

B2B 43

B2B Invoicing Accounts Payable Foreign Exchange 43

PYMNTS

MAY 13, 2020

Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort. Paving Way For Faster B2B Payments. In all cross-border B2B payment scenarios, transparency is also critical to promoting efficiency. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

JUNE 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Foreign exchange (FX) rates are set into place at the time the payments are set into motion, and MineralTree said users save on wire fees compared to historical methods.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

MARCH 1, 2016

deals were also joined by B2B companies. Meanwhile, AvidXchange, which provides accounts payable and automation solutions for corporations, also landed among the elite with a $225 million funding round led by Bain Capital in September. The alternative lending platform focuses on student lending, but some of the top U.S.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

JUNE 28, 2019

Under the SWIFT pilot, the participating banks — Banque Internationale á Luxembourg, BBVA, Deutsche Bank, Natixis, Santander, Sberbank and UniCredit — will be able to transmit cross-border payments in real time, as well as use TIPS to settle them and provide instant crediting to recipients’ bank accounts. The platform will support the U.S.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

PYMNTS

MAY 5, 2016

Cross-border payments company Cambridge Global Payments has announced a new partner to enhance its B2B payment solutions, just weeks after announcing another collaboration with AP automation company Beanworks. The service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added.

Foreign Exchange 40

Foreign Exchange Accounts Payable B2B Invoicing 40

PYMNTS

JUNE 21, 2018

Do you know you could send a foreign exchange ACH payment instead? It’s part of the bank’s broader efforts to enhance financial service offerings with automation, but its focus on corporates signals the industry’s growing interest in B2B payments innovation. JPMorgan’s treasury services accounted for about $7.6

Treasury 44

Treasury Foreign Exchange B2B Invoicing 44

PYMNTS

FEBRUARY 6, 2019

SMBs can receive protection in case their corporate customers become insolvent or file for bankruptcy, or are unable to pay their invoices, according to Waldorf Trade Risk. Insuring against the risk of non-payment of outstanding invoices can support small businesses’ access to financing, the company noted. ”

Foreign Exchange 53

Foreign Exchange Invoicing Credit Risk Risk Management 53

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Collaboration.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

NOVEMBER 13, 2019

New Zealand’s cloud-based accounting firm Xero is overhauling payments to integrate with TransferWise , Stripe and GoCardless , Xero said in a press release Wednesday (Nov. to set up card and debit payments for customer invoices and bills. GoCardless allows for Direct Debit payments and installment payments for invoices.

Foreign Exchange 46

Foreign Exchange Invoicing Auditing Accounting Firms 46

PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. Below, PYMNTS breaks down the more than $912 million raised by B2B FinTech firms this week. For instance, its LaaS platform lets businesses provide invoice or payroll financing to their customers.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

DECEMBER 31, 2020

Add in the current climate of heightened geopolitical uncertainty, trade disputes, foreign exchange volatility and regulatory complexities, and corporate treasurers have their work cut out for them, often with reduced budgets and slim staffing. Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

JULY 26, 2019

Others, like Visa B2B Connect and SWIFT gpi , aim to transform it. B2B payments are full of friction that lead to delays in vendors receiving payment. There is also the issue of corporates delaying their payment terms to vendors and paying invoices late beyond agreed-upon terms.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

PYMNTS

APRIL 18, 2016

With that in mind, Agiasotis pointed to other aspects of the payments innovation space that should, perhaps, be getting a bit more attention from disruptors when it comes to B2B payments. If you think about the other friction points to doing trade internationally, it’s information exchange,” he said. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

NOVEMBER 2, 2018

Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves. The percentage of invoices that are past due now stands at 41.8

B2B 49

B2B Foreign Exchange eCommerce Currencies 49

PYMNTS

JULY 26, 2016

Invoice mistakes are costly. For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. and Switzerland). There has to be complicity on both sides.

Foreign Exchange 44

Foreign Exchange Invoicing Accounts Payable Accounting 44

PYMNTS

MARCH 23, 2016

But there’s something happening in B2B payments today, says Seabury TFX CEO Robert Lin, that makes it especially hard for overseas manufacturers to bear the financial burden of launching operations. These extended payment terms could be due to open account trade. What was a 30-day payment term becomes 60 days or 120 days,” Lin said.

Foreign Exchange 40

Foreign Exchange B2B Manufacturing Finance 40

PYMNTS

MAY 1, 2019

While the cross-border B2B trade market has worked to address some major points of friction, from a $1.5 trillion trade credit gap to the continued reliance on paper trade documents and invoices, often the first hurdle that must be tackled is how to find the right corporate customers.

Foreign Exchange 55

Foreign Exchange Finance Credit Risk B2B 55