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.

Course 202

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.

Cards 246

Cards Tools Capital Payments 246

PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.

Cards 285

Cards Conference Groups Report 285

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

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

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.

Cards 208

Cards New York Capital Compliance 208

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.

Cards 235

Cards Online Capital Security 235

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.

Cards 132

Cards Capital Innovation Payments 132

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.

Cards 181

Cards Fintech Capital California 181

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2B Payments. Velo Labs, Lightnet, Visa Collab On Blockchain SMB Payments.

Innovation 220

Innovation Payments blockchain Resources 220

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.

Cards 142

Cards Capital Tools Course 142

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.

Capital 192

Capital Company Washington Resources 192

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. Around The B2B Payments World.

Cards 161

Cards Security Tools Payments 161

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. In addition to invoice finance, the company offers SMBs a range of other solutions, including order management and online payments tools. Xtracap Fintech.

Capital 141

Capital Analytics Fintech Report 141

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

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. WEX Reorganizes Corporate Payments Team.

Cards 156

Cards Analytics Payments Management 156

PYMNTS

JANUARY 25, 2021

And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark. I’ve spent the last 15 years of my career in payments, and it’s something that has been an increasing problem throughout,” Soliman said in an interview with PYMNTS.

Online 300

Online Meeting Payments Cards 300

PYMNTS

MAY 31, 2017

Card processor TSYS is looking to heighten the security of mobile corporate payments. The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S.

Mobile 113

Mobile Cards Payments Samsung 113

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

NOVEMBER 24, 2020

As Nick Reid, director of B2B partner development at Conferma , said in an interview with PYMNTS, virtual cards can help eliminate those hidden costs. Reid noted that, although there are no upfront fees for making payments by checks, there are glaring inefficiencies tied to payments made by paper means.

Cards 181

Cards Fraud Payments Millennials 181

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. Wirecard, Payhawk Eye SMB Expenses.

Cards 169

Cards Management Tools Report 169

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.

Cards 130

Cards Capital Fintech Tools 130

PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. Bank Uses Customer-Centric Strategy To Smooth Virtual Card Integration.

Cards 143

Cards New Jersey Texas System 143

PYMNTS

SEPTEMBER 15, 2020

Although they are vastly different beasts, shifts in the consumer payments ecosystem have significantly impacted the flow of B2B payments. This is a great risk because if you don’t have the proper banking tools to get your funds to maintain your business operations, it can be very dangerous for business.”.

Payments 299

Payments Risk Management Management Compliance 299

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

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

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

SEPTEMBER 5, 2019

Commercial card payment and acceptance solution provider Boost Payment Solutions is expanding geographically. According to Boost, its launch in Singapore and Sweden brings the total number of regions in which the company operates to nearly 30. A press release Wednesday (Sept. Leavitt in a statement at the time.

Regional 108

Regional Cards Capital Operations 108

PYMNTS

SEPTEMBER 8, 2020

The global pandemic has, no doubt, changed the B2B payments landscape forever. The name of the game today is digitization, with paper checks and cash no longer viable payment methods in the context of moving funds from one business to another. The Commercial Card Catalyst. While in the U.S.,

Payments 216

Payments Cards Strategy Capital 216

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

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

Capital 108

Capital social media Chicago ATM 108

PYMNTS

NOVEMBER 7, 2018

When it comes to B2B payments digitization, not every company will experience the same journey. Where do middle-market firms stand in this effort to upgrade corporate payments? In addition, nearly all middle-market firms surveyed have digitized at least some portion of their B2B payments volume. Misconceptions.

Survey 145

Survey Capital Marketing Payments 145

PYMNTS

NOVEMBER 16, 2020

American Express has enhanced its Early Pay system with digital payment features aimed at giving large businesses greater control over their ability to make and receive B2B payments, the company announced Monday (Nov. Early Pay allows suppliers to optimize cash flow by encouraging early payments in exchange for discounts.

Payments 192

Payments Cards System Strategy 192

PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Big online eCommerce, gig economy or other merchants “tend to have a lot of different payment services that they use,” he told PYMNTS in an interview.

Company 209

Company Fintech Payments Software 209

PYMNTS

MAY 29, 2019

A group of investors has acquired Sureswipe , a South African payments company, for an undisclosed amount. Sureswipe will be consolidated under the newly-formed Crossfin Transactional Services (CTS), along with Innervation Pan African Payments and Emerge Mobile’s iKhokha. However, all three entities will operate separately.

Cards 162

Cards Fintech Retail Operations 162

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. Cash on delivery was the payment method used for nearly two-thirds (65.3

Cards 158

Cards Conference Capital Online 158