PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

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Course Cards Capital Payments 202

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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Cards Tools Capital Payments 246

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

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Cards New York Capital Compliance 208

PYMNTS

DECEMBER 16, 2020

The CloudTrucks app helps truck owners and operators manage their businesses by optimizing their driving schedules for better pay rates, maximizing cash flow and reducing operating costs. CT Cash is a free instant pay and cash card product developed in collaboration with Visa. CloudTrucks made the announcement on Wednesday (Dec.

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Cards Payments Operations America 209

PYMNTS

SEPTEMBER 22, 2020

For small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren't in the cards. With the pandemic accelerating businesses' digital shift , small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution.

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Cards Capital Online Security 235

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

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System Operations Fintech Taxes 258

PYMNTS

JULY 9, 2020

With commercial credit cards historically viewed as a payment vehicle for businesses to make one-off purchases for the office or while on a business trip, the small business credit card has yet to catch up to adoption volumes seen by other payment methods like direct bank transfers in the B2B payments space. Opening Access To Capital.

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Cards Capital Tools Course 142

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption.

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Cards Fintech Capital California 181

PYMNTS

DECEMBER 16, 2020

EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release. Suppliers will have improved cash flows.

Cards 230

Cards Analytics Innovation Compliance 230

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. Asia Capital & Advisors led the round, reports said, while Global eTrade Services and Curzon Investments also participated. Xtracap Fintech. Apollo Agriculture.

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Capital Analytics Fintech Report 141

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance. InstaRem Expands BizPay.

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Cards Capital Innovation Payments 132

PYMNTS

DECEMBER 18, 2020

The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. Quona Capital, a venture firm that is geared toward FinTech in developing markets, headed up the round, with Omnivore and LGT Lightstone Aspada taking part as well. CloudTrucks. million Series A funding round.

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Capital Company Washington Resources 192

PYMNTS

APRIL 9, 2020

From coordinating a team of newly remote workers to assessing new business models, the coronavirus pandemic is drastically disrupting the way organizations run and it is forcing a complete rethink of almost every aspect of operations — payments included. A Surge In Commercial Card Interest.

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Cards Payments Tools Operations 232

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments.

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Operations Capital Groups Apple 150

PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Traditionally, the benefits of card and check payments have resided on the buyer side of the equation at the expense of suppliers. The buyer uses a unique virtual card that is generated upon purchase approval.

Cards 234

Cards Payments Management Security 234

PYMNTS

JANUARY 30, 2020

Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows.

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Cards Payments Fraud Capital 178

CB Insights

JULY 8, 2021

The round drew participation from Bain Capital, Seedcamp, Stripes Group, Thrive Capital, Creandum, and Kinnevik. Denmark-based Pleo offers smart business cards to automate expenditure reports and make spending easier. The company operates in Denmark, Sweden, Germany, Spain, Britain, and Ireland. Want the full post?

Capital 79

Capital Company Cards Report 79

PYMNTS

MARCH 10, 2020

In seed funding from well-known angel investors, corporate card FinTech Karbon Card has notched $2 million. Amit Jangir and Pei-fu Hsieh started Karbon Card last year. The firm offers an alternative to corporate cards. Hsieh said per reports, “Our vision is to empower all startups to achieve more through a Karbon Card.”.

Cards 143

Cards Report Operations Tools 143

PYMNTS

DECEMBER 9, 2020

The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number. India-based digital lender startup Capital Float witnessed a multitude of benefits from implementing video-based KYC to help onboard its small- to medium-sized business (SMB) clients.

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Video Capital Lending Security 175

PYMNTS

JANUARY 12, 2021

As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. You may be familiar with the fact that Credit Karma (where Ribbit already has an investment) helps users scout for the best credit card deals and loans. As reported late last year , a U.S.

Capital 155

Capital Fintech Retail Tools 155

PYMNTS

AUGUST 11, 2020

Convoy , which works in digital freight, announced a new service called Convoy Factoring, which is powered by Apex Capital and touted as a cost-efficient, quick payment method for B2B needs for freight carriers, according to a press release. The rate will be for zero percent for any Convoy loads and 1 percent to 2.99

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Tools Cards Payments Examples 219

PYMNTS

MAY 11, 2017

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. Many of the world’s leading financial institutions now share this vision. small business customers.

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Capital Software Data America 164

PYMNTS

OCTOBER 24, 2019

Capital One ’s domestic card business provided strong results and continued to pick up momentum, the bank said on Thursday (October 24). The financial institution (FI) said that, as of the end of Q3, the domestic card loans ending balance stood at $104.7 Credit card loans increased 1 percent to $113.7

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PYMNTS

JULY 17, 2019

Financial experts are predicting Capital One’s second-quarter earnings will fall below expectations, despite their moderate success in the first quarter. Its core card business and its commercial lending activity grew, leading to higher revenue numbers. Last year, Capital One spent $18.6

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PYMNTS

DECEMBER 16, 2020

B2B transactions are increasingly shaking free of paper-based methods as companies have moved operations online this year. Tools like virtual cards are now drawing interest as businesses look for transaction methods that can deliver more speed, cost savings and transparency. IBM Payments On The Future Of Virtual Cards.

Cards 161

Cards Security Tools Payments 161

PYMNTS

MARCH 25, 2020

To offer vending and laundry machine operators instant cash access, PayRange Inc. rolled out a feature that lets machine operators immediately move mobile payment settlements to a debit card. As a result, the unattended retail machine operator can receive settlements of their mobile transactions at any moment.

Capital 130

Capital ATM Cards Operations 130

PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. Visa Fuels Supplier Card Acceptance.

Cards 156

Cards Analytics Payments Management 156

PYMNTS

SEPTEMBER 26, 2019

Indonesia -based Traveloka has partnered with Bank BRI on a credit card for Indonesia’s unbanked. The travel and lifestyle platform has received investments from the likes of JD.com, Sequoia Capital and Hillhouse Capital, according to Deal Street Asia. There are plans to issue 5 million PayLater cards by 2025.

Cards 158

Cards Conference Capital Online 158

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Current investors from A91 Partners, MAJ Inevst, LGT Lightstone and Falcon Edge Capital also participated.

Capital 288

Capital Lending Cards United States 288

PYMNTS

OCTOBER 14, 2020

“But we remain strong, with our capital and liquidity levels well above regulatory minimums.”. On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. Wells Fargo also saw heightened debit card usage during Q3. billion in the period, up 11.1

Cards 206

Cards Operations Report Mobile 206

PYMNTS

DECEMBER 21, 2020

Consumers around the world have become intimately familiar with the “card-not-present” method of payment. Now businesses in Asia have an option to embrace “card not needed” as the pandemic continues to accelerate business models. That option, which extends to commercial cards , is being presented by Singapore-based CardUp.

Cards 175

Cards Payments Tools Examples 175

PYMNTS

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. Expensify Links Cards To Booking. Emirates Islamic Launches Cards For SMBs.

Cards 169

Cards Management Tools Report 169

PYMNTS

MARCH 13, 2020

Despite its demonetization policy, a thriving eCommerce climate, and continued growth in electronic and mobile payments, card penetration remains especially low in India, hovering at about 2 percent to 3 percent. It’s an interesting phenomenon, especially considering the path to corporate card adoption elsewhere.

Cards 130

Cards Fintech Innovation Policies 130

PYMNTS

FEBRUARY 3, 2020

Citi Commercial Cards is introducing an intelligent virtual agent (IVA) capability at its U.S. The IVA is an example of the technology investment strategy being employed by Citi Commercial Cards to enhance its digital services. Citi’s Commercial Card cardholders can use their own words and speak in their own voices.

Cards 133

Cards Innovation Customer Experience Technology 133

PYMNTS

MARCH 22, 2019

Singapore-based FinTech startup InstaReM , which enables banks and consumers to send money across borders , announced a partnership with First Data to assist businesses that issue corporate credit cards. In November, it raised $20 million in capital from investors.

Cards 209

Cards Data Fintech Security 209

Abrigo

APRIL 25, 2024

The negative correlation of funded business loans to the Fed funds rate is a staggering 86% as businesses weigh their needs for capital against expensive debt and lenders aim to limit risk. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.

Lending 221

Lending Trends Capital Strategy 221

PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. QuickBooks Adds Card Payment Support.

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Cards Capital Fintech Tools 130