Remove B2B Remove Currencies Remove Reconciliations Remove Treasury
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Canada’s Path Toward B2B Payables Modernization

PYMNTS

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. Faster Payments. Open Banking.

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B2B APIs Underscore The Need For Speed

PYMNTS

There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. Citi recently made 50 APIs available to business clients, designed to connect easily with treasury software.

B2B 52
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The Architecture Of A Cross-Border B2B Payment

PYMNTS

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. However, that understanding has not traditionally been the focus of B2B payments service providers. and Turkey.

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Funding Options, Caxton FX Pair Up On Multi-Currency SMB Card

PYMNTS

marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs). “SMBs could be exposed to significant sterling fluctuation,” said Western Union Senior Currency Strategist Nawaz Ali in a statement sent to PYMNTS in December.

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Treasury Management, Done Internationally

PYMNTS

In a recent announcement within the treasury management space, EDI Gateway, a service provider specializing in SMBs and focused on enterprise resource planning and B2B applications, linked up with AZUR , a cloud-based treasury management firm, to offer the latter’s eFinancialSuite to vendors.

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Goldman Sachs Adds Global Payments To SAP Ariba

PYMNTS

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

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Citi Virtualizes Accounts For Corporate Treasurers

PYMNTS

The virtual account solution is currently available for clients across Western Europe, supporting 16 jurisdictions and 37 currencies. The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Citi said it plans to expand the offering into the U.S.