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Digitizing B2B Payments The Hybrid Way

PYMNTS

In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. Many businesses still generate paper checks from the setup of their accounting systems,” Michael Reed, general manager of payments at Deluxe, told PYMNTS. Paper Wait.

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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. Bank-FinTech Collaboration.

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Fundbox Pay Expands To B2B Marketplaces

PYMNTS

The $24 trillion global B2B commerce opportunity, as PYMNTS readers know, is continually — and has been historically — plagued by the paper chase. In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. focused B2B sales. A Major Gap.

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Billtrust, Priority Streamline B2B Payments Reconciliation

PYMNTS

Order-to-cash solutions provider Billtrust has added Priority Commercial Payments to its Business Payments Network (BPN) to streamline B2B payments reconciliation, the companies said in a press release this week. Acquirers and accounts receivable platforms can also connect to the network to capture transaction data for end-users.

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Personalization And Contextual Banking Will Drive The Consumerization Of B2B Payments

PYMNTS

The consumerization of B2B payments is taking its cue from contextual commerce. Corporates don’t need a sales pitch when they are shown banking inside their ERP or inside their accounting systems,” she noted, adding, “They just want to know, ‘when can I have it?’”.

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Airbnb’s Business Travel Investment Leads B2B Funding For The Week

PYMNTS

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company plans to use the investment to collaborate with MUFG and Sozo, and promote growth. Negotiatus.

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Visa’s Massive Bet On B2B Blockchain Payments

PYMNTS

But late last week, Visa announced that it will be rolling out Visa B2B Connect, a platform for banks to make payments and settle funds across borders using Chain Core, the blockchain infrastructure developed by Chain. That means integrations with existing ERP and accounting systems, offering white-label options and so on.

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