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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. RLJ Financial On Managing B2B Spend With Virtual Cards. The benefits of using digital B2B payments solutions extend far beyond their ability to support a decentralized workforce.

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Uber Money Head Quits As Company Moves Away From Financial Operations

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Uber financial services leader Peter Hazlehurst has stepped down from his position as the rideshare company has put its plan to start a digital wallet on hold, Bloomberg reported. The company is instead focused more on ridesharing and food delivery instead of the planned financial expansions.

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Wirecard Makes Deals To Sell Its Brazil, Britain Operations

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As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. In addition, he noted that the sale of some of the company’s operations in Britain and North America could be announced soon. billion euros ($2.1

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Corporate Card Innovators Dive Into Virtualization

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As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. Barclaycard Debuts V-Card For Expense Management.

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Deep Dive: How Businesses Are Preparing Their Workers, Payments Operations For A Digital B2B Future

PYMNTS

This is highlighting companies’ needs to reduce accounts payable (AP) and accounts receivable (AR) processes’ costs as well as to support daily expenditures for remote workforces. Firms with remote employees have to improvise to keep their payments operations running smoothly. Reshaping Business Payments . Much of the U.S.

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Payment Rail Innovators Focus On Cards, Contactless Payments

PYMNTS

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. To provide commercial card issuers, cardholders and vendors with further automation and flexibility, Boost Payment Solutions is teaming with Visa. merchants accept touch-free payments.

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CloudTrucks Gets Funding; Launches Payment Card With Visa

PYMNTS

The company that bills itself as a “business in a box” for truckers has closed a Series A funding round of $20.5 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.

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