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Spend Controls Fuel Commercial Card Innovation

PYMNTS

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Mastercard Adds B2B Payment Functionality With Commercial Cards.

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Business Payments FinTechs Embrace A Time To Innovate

PYMNTS

With the global pandemic creating a market of volatility, corporate spend is down as businesses look to safeguard their bottom lines against macroeconomic headwinds. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently.

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Mastercard, Network International To Introduce Commercial Cards In Middle East, Africa

PYMNTS

Mastercard is teaming up with Network International , which works in digital commerce for the Middle East and Africa, to help drive the adoption of commercial payment services in that region, according to a press release.

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FinTechs Embrace Collaboration For Corporate Card Solutions

PYMNTS

On the path to payments innovation, collaboration is key. Mastercard Mobilizes The Virtual Commercial Card. This week, Mastercard unveiled its newest commercial payments technology offering: a virtual card product that is supported by mobile wallets. Razorpay Links With Visa For Small Business Card Solutions.

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How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

The legal cannabis market’s financial services challenges are, by now, well-known. Credit unions and regional or community banks have stepped in to fill the banking gap, making barriers to accessing much needed financial services lower than ever before for marijuana businesses. But current legacy rails can make this difficult.

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Why Regional Payment Preferences Matter For Global Subscriptions

PYMNTS

With the subscription market set to reach more than $500 billion by 2023 , consumers now purchase things like music streaming, software and groceries through subscription services. But just because a merchant is successful in its home market, doesn’t mean they are also guaranteed success abroad. 47 percent) and Spain (39 percent).

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Major Core Vendors Are Failing Regional Banks

Gonzobanker

Rapid consolidation in the banking industry is creating a growing band of regional banks that find themselves stuck in a solution provider market that isn’t fully capable of serving them. FIS has captured a dominant share in the regional banking space with its IBS core platform (formerly Metavante).