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Partnerships, Investments Boost Corporate Spend Management With Cards

PYMNTS

Spend management was the focus of innovation in the commercial card space this week thanks to partnerships and investments in firms aiming to help companies keep track of expenses. Spendesk provides a spend management offering that gives further visibility and digitization to finance workforces.

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Infibeam Avenues Buys Cardpay To Boost B2B Payments

PYMNTS

In the announcement , the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment services. Cardpay , based in Bengaluru, India, offers a spending management platform to corporations under the brand name “Grit.” “Payments-led lending is the new growth mantra for us.

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The cost of inaction: An urgent call to upgrade accounting processes.

Airbase

Not only do multiple systems cost more, but the modern approach to spend management does a better job. It’s designed to control spending and streamline the interrelated, and continuous workflows associated with the process from intake to the final booking. Build for scale to avoid the need for future action.

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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build sustainable B2B payments operations outside of th e office. Around The B2B Payments For The Virtual Workforce World.

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Visa, Mastercard, Amex Stake Their Bets On B2B

PYMNTS

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.

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Mastercard, EedenBull Extend Into Asia Pacific

PYMNTS

Mastercard said as a result of the expanded partnership in Europe, Mastercard will support EedenBull’s commercial cards platform to banks seeking to tap into Asia Pacific’s B2B payments market. Last month, PYMNTS reported EedenBull rolled out its commercial card platform to banks to take advantage of improved B2B payment capabilities.

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Commercial Cards Gear Up For Corporate Travel’s Return

PYMNTS

At the broader level, commercial card innovators — both within the T&E arena and elsewhere — are pressing further into the spend management space, heightening the ability for businesses to control and analyze expenses as more companies tighten their belts and focus on recovery. Amadeus B2B Wallet Expands Functionality.