PYMNTS

NOVEMBER 16, 2020

One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange. A B2B invoice may be issued and paid in one currency, but the recipient of those funds has to convert that money into their local currency. Across Asia, Theaud explained, invoices are often issued in U.S.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Flywire’s background in the healthcare and education space, along with its existing invoicing system, helped assist these businesses in new ways.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

DECEMBER 1, 2020

FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Cobase works in cloud-based corporate multi-banking solutions while Ebury is backed by Santander Bank and works in cross-border tech and financial management.

Foreign Exchange 58

Foreign Exchange Treasury Reconciliations Invoicing 58

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

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The services put an end to uncertain currency exchange due to Brexit and locks-in rates for future transactions.

Foreign Exchange 52

Foreign Exchange Currencies B2B Invoicing 52

PYMNTS

AUGUST 11, 2020

The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement. Business can also see the current payment status on bills, with invoices automatically categorized as paid after clients pay them.

Accounting 65

Accounting Foreign Exchange Invoicing Currencies 65

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. Direct Competition.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

DECEMBER 4, 2019

The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually embraced the new market entrants with partnerships and acquisitions to bolster their own small business lending activity. The High Street Bank Alternative.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

OCTOBER 8, 2020

Berlin's Mambu is partnering with New Zealand digital lending platform Ranqx , which will use Mambu's API-first digital banking platform to provide digital lending experiences, loan origination, decisioning and monitoring for small- to medium-sized businesses (SMBs), according to a press release.

Foreign Exchange 56

Foreign Exchange B2B Invoicing Banking 56

PYMNTS

JUNE 11, 2020

The product lets users automate the intake, handling and approval of invoices from different parts of the globe harnessing the same technology and process utilized for domestic bills, according to a Thursday (June 11) announcement. Prior to that time, he worked for Fifth Third Bank and U.S. Bank in product management positions.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

PYMNTS

JULY 8, 2020

To provide platform clients a greater ability to grow and be transparent with global payments, cloud banking company Mambu and B2B cross-border technology firm Currencycloud have joined forces with an integration, according to an announcement. It is an exciting partnership as we develop our offering and continue to innovate together.”

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

PYMNTS

AUGUST 18, 2016

Earlier this week, for instance, Hitachi Capital Invoice Finance pointed to threats within global supply chains stemming from the economic uncertainty over Brexit. Hitachi Capital Invoice Finance said alternative lenders and trade finance players could stand to gain from the situation, for example.

Foreign Exchange 40

Foreign Exchange Banking Invoicing Finance 40

PYMNTS

JUNE 7, 2018

THG corporate clients will have access to CIS’s automatic, electronic payment solutions to support payment of utility invoices, the firms said. CSI will deploy its CSI Paysystems payments platform into THG’s Energy Intelligence Software (EIS), a B2B service that enables businesses to manage utility data and invoices.

Foreign Exchange 51

Foreign Exchange Invoicing B2B Education 51

PYMNTS

NOVEMBER 24, 2019

Cross-border payments processing company Veem has announced that it is offering locked exchange rates for foreign exchange payments. The feature will allow small businesses to lock in an exact exchange rate for up to 92 days in advance for incoming or outgoing payments scheduled during that time.

Foreign Exchange 45

Foreign Exchange B2B Invoicing Budgeting 45

PYMNTS

JULY 26, 2016

Small business banking firm Tide positions itself as the “world’s first” mobile-first banking tool for SMEs and boasts its speedy services for small businesses looking to set up a bank account. company charges 20p for every bank payment made. Reports highlighted that Tide is not a bank , though.

Banking 40

Banking Foreign Exchange Invoicing Accounting 40

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.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77

PYMNTS

FEBRUARY 5, 2020

As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. might take an Excel file out of a performance measurement system and upload the file to its bank. Typically, McGuire stated, a firm operating only in the U.S.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

NOVEMBER 13, 2019

to set up card and debit payments for customer invoices and bills. With TransferWise, companies can pay and reconcile multiple bill payments regardless of who they bank with. GoCardless allows for Direct Debit payments and installment payments for invoices.

Foreign Exchange 46

Foreign Exchange Invoicing Auditing Accounting Firms 46

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. Costs of goods or services used to produce — well, goods and services — are invoiced in foreign currencies.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing CFO 76

PYMNTS

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. With high transaction values and sellers across borders, these purchases would traditionally take several days to complete.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

JUNE 28, 2019

The urgency to develop more efficient infrastructures is being driven by the rise of the global economy, with banks and businesses seeking solutions that enable them to move money between borders swiftly and securely. Italian banking startup illimity will work with German FinTech Raisin on a new cross-border deposit solution.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

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

Reval

JUNE 13, 2017

According to Kerry Logistics Group Treasurer Eddie Mak, Kerry’s previous spreadsheet and paper-based invoicing process for tracking and reconciling intercompany transactions took much manpower for little gain. “We Using Reval, Kerry Logistics increased the transparency and processing time of its intercompany netting operations.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

NOVEMBER 7, 2019

For consumers, many of these challenges include the need to support card transactions so users don’t have to manually calculate foreign exchange (FX) conversion rates. An announcement on Wednesday (Nov. “There is a huge amount of growth in the recurring business model globally,” he told PYMNTS’ Karen Webster.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

NOVEMBER 22, 2019

Carriers must provide verification that a load was delivered, submit bills of lading, provide invoices, and provide documents with any claims submitted by their customers. Working with the carrier means allowing that business to gain a holistic view of their outstanding invoices and progress of each transaction.

B2B 43

B2B Invoicing Accounts Payable Foreign Exchange 43

PYMNTS

MARCH 30, 2017

Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. billion in hidden bank fees related to cross-border transacting. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

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. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

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

PYMNTS

JUNE 21, 2018

The bank is reportedly testing an artificial intelligence (AI)-powered bot to support corporate clients and anticipate their needs. Pilot testing for the tool begins next week, reports noted, and while the bank did not disclose how much it has invested in the virtual assistant, the firm has reported that 40 percent of its $10.8

Treasury 44

Treasury Foreign Exchange B2B Invoicing 44

PYMNTS

JULY 26, 2019

With correspondent banking relationships on the decline, financial institutions are looking for new — and faster — ways of moving money around the world, too. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely. Preparing Banks And Businesses.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64

Simply Treasury

SEPTEMBER 9, 2020

Today, not being of " investment grade " quality is an enormous handicap in the bank lending market. By arranging facilities that exactly match their bank lending needs with a minimum of financial cushioning, firms will reduce their financing costs and their costs of arranging lines of credit ("commitment fees").

Cash Flow Forecasting 130

Cash Flow Forecasting Forecasting Treasury Budgeting 130

PYMNTS

JUNE 21, 2019

Toptal provides gig workers with invoicing services and payment options, including to transfer funds into bank accounts through a partnership with cross-border payments company Payoneer. Employers are also able to pay through payment rail options like ACH, bank wires, credit cards and PayPal.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

NOVEMBER 16, 2018

The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders. The company makes FX rates and fees clear, and said its service is cheaper than making cross-border payments through bank providers.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

MAY 1, 2019

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. For small exporters, securing a large order from a customer across borders may be good for business, but can actually hamper their connection to bank financing.

Foreign Exchange 55

Foreign Exchange Finance Credit Risk B2B 55

PYMNTS

OCTOBER 4, 2019

Australia’s ANZ Bank led a $1.56 million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. The company said it will use the investment to develop new features for its B2B offering, with a focus on billing and invoicing. ForwardLine Financial.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

FEBRUARY 8, 2018

banks before it can become interoperable with other nations’ schemes, according to Art Brieske, head of faster payments at JPMorgan Chase. The bank was among the earliest to adopt RTP, along with BNY Mellon, US Bank, SunTrust Bank, Citigroup and PNC Financial Services. Getting to ubiquity. Even today, not all U.S.

Foreign Exchange 43

Foreign Exchange Banking Invoicing Compliance 43

PYMNTS

DECEMBER 31, 2020

In our crazy banking system, you don’t actually have to prove who somebody is to put their name on a piece of paper and stick it in the mail,” he noted. That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated or identity cannot be verified.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

OCTOBER 21, 2016

Plus, there was yet another appearance from an alternative SME lender (this time from the Philippines) and new financial backing for an SME banking disruptor and a payroll player. ” SME Banking. ” SME Banking. Hailing from France, IbanFirst wants to reinvent small business banking. B2B Payments. PayCommerce.

B2B 77

B2B Startups Foreign Exchange Investments 77