article thumbnail

Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

PYMNTS

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Each card payment is then assigned a virtual number tied to a commercial card account. Simfoni Joins Vroozi’s Cloud-Based Procure-To-Pay Platform.

B2B 78
article thumbnail

Virtualized B2B Payments: Poised To Kill The Paper Check — And The Plastic Card

PYMNTS

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Illustrating the process, Blair pointed to the hypothetical corporate buyer who uses their procure-to-pay platform to source and buy laptops from an office supply firm.

B2B 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procure-To-Pay Facing More Market Consolidation

PYMNTS

Juvo Technologies wants to extend its presence within the procure-to-pay space and announced an acquisition to help it do so. Reports late last week said the technology firm has acquired Vendorin , a B2B payment technology and enterprise solutions company, to help Juvo build out a procure-to-pay platform.

article thumbnail

Tradeshift Taps Genpact To Broaden AP Automation Offerings

PYMNTS

29), with Tradeshift integrating its B2B network of buyers and suppliers with Genpact’s Cora digital business platform. Tradeshift Chief Commercial Officer Rinus Strydom added: “Genpact is a leader in finance and accounting, with decades of experience running operations for numerous global Fortune 500 companies.

article thumbnail

Transcepta Adds Dynamic Discounting To AP Platform

PYMNTS

Accounts payable automation company Transcepta has added a new way to support B2B transactions. 1) that it is introducing a dynamic discounting feature into its cloud-based AP automation and procure-to-pay platforms. The company announced Thursday (Dec.

article thumbnail

Transcepta Ramps Up AI In eProcurement

PYMNTS

Transcepta, a procure-to-pay platform, is ramping up its use of artificial intelligence (AI), the company said late last week. In an announcement , the company said its leveraging of AI and predictive analytics technologies can enable smarter procurement decision making.

article thumbnail

Yooz Debuts AP Automation Tech To UK Market

PYMNTS

Procure-to-pay software company Yooz plans to expand into the U.K., A press release revealed that the company will make its automated accounts payable (AP) solution available to U.K. Yooz currently integrates into an array of accounting and enterprise resource planning (ERP) platforms.