News 

Machine Learning Can Help B2B Firms Learn More About Their Customers

“By helping B2B companies gather better data on their customers, AI will help them catch up with their B2C peers” reports hbr.org. The company also maintains an overall account potential model that also makes use of EverString data and predictions.The company has created an intelligent system to augment customer data in the B2B space.Neural networks and “deep learning” algorithms along with other machine learning methods enable data scientists to mine the gold in digital formats. Source: hbr.org Share This:

Read More
News 

Visa Taps PayMate To Enhance B2B Payments In India

“Visa is working with India B2B payments company PayMate to enhance its payment services for corporate customers, reports said Thursday (Jan. 18)” reports pymnts.com. Reports in Money Guru India said Visa has chosen PayMate to provide a B2B payment platform for joint customers, including small- and medium-sized businesses (SMBs) struggling with managing manual payment methods like checks and cash.The platform can enhance automation of processes like accounts payable, accounts receivable, eInvoicing and cash flow management, the firms said. “We are extremely pleased to partner with a global leader in the…

Read More
Markets News 

The Data Behind B2B Payments’ API Excitement

“In the January PYMNTS.com B2B API Tracker, powered by FI.SPAN, the numbers present a picture of the B2B payments ecosystem embracing APIs to become faster, more agile, and more global” reports pymnts.com. Below, PYMNTS highlights some of the Tracker’s key data points to paint a picture of how APIs are guiding B2B payments evolution. $145 billion: the value of cross-border B2B payments as of December 2017.That means the remaining were B2C and P2P transactions, representing a major gap — and opportunity — for B2B FinTech, payment and API companies to step…

Read More
News 

Variety Of B2B FinTech Funding — Not Value — Showcases Investor Excitement

“With $4 million in Series A funding, B2B payments network Finexio will continue to focus on getting paper out of the accounts payable (AP) department” reports pymnts.com. Harver landed $4.2 million in more funding, bringing its total Series A investment up to $12.3 million, reports this week said.Denmark’s Cardlay announced $5 million in new funding this week for its FinTech services offered directly to financial institutions.Belgium-based MobileXpense landed more than $24 million in funding from Fortino Capital, reports this week said.B2B eCommerce platform WOTU announced pre-Series A funding this week,…

Read More
News 

Getting B2B Payments In Construction On The Same Page

“There are a lot of factors that make B2B payments in the construction industry a challenge” reports pymnts.com. In order to change B2B payments in construction, the industry’s culture has to change, said Wolfe.According to in a 2016 report from KPMG, the construction industry is among the slowest to embrace new technological tools.But the tool also represents just how much the construction industry has evolved over the years, he noted.Zlien isn’t the only firm addressing construction B2B payments, either, and Wolfe said the industry has a wide area of potential…

Read More
Markets News 

UnionPay Enables Cross-Border B2B Payments For Yiwu Market

“UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China” reports pymnts.com. Yiwu Market is the largest commodities wholesale market in the world.The eCommerce market exports to the Middle East, Europe, Central and South America and Africa. Source: pymnts.com Share This:

Read More
Crypto News 

Paper Checks Continue To Steal The B2B Payments Spotlight

“Visa, for example, will launch and scale its cross-border B2B payments solution B2B Connect, while B2B payments company nanopay will also be expanding its platform into new markets in 2018” reports pymnts.com. As the market looks toward the future, some predictions for B2B payments have remained consistent throughout the decade.2017 may go down in B2B payments history as the year the space finally saw a bump in attention from innovators.The Association for Financial Professionals (AFP) released a report in September that found the use of paper checks in B2B payments…

Read More
News 

How B2B Payments Could Find Its Footing In A World Moving To Real-Time

“And, as the U.S. continues along its faster payments path, it will be watching other markets with more mature faster payments services” reports pymnts.com. But, while a growing number of schemes can handle B2B payments, FIS’s rating system of those faster payments systems around the world suggested that only a handful enable B2B payments in a way that provides the most customer value.Last month, financial services provider FIS published its Flavors of Fast report analyzing faster payments initiatives in 25 jurisdictions.Together, those transactions were worth about $1.5 billion, but B2B payments…

Read More
News 

How Touch Of Modern Modernized Global B2B Payments

“That company, Touch of Modern, built its reputation on curating those products from all over the world, wherever interesting goods could be sourced” reports pymnts.com. A complexity that Wu said was the business, since Touch of Modern was all about sourcing globally from day one.This method gives control to the vendors, rather than making them wait for Touch of Modern to process their payments.In its first year of business, Wu said Touch of Modern didn’t collect any tax information from its vendors until tax season rolled around.Touch of Modern learned…

Read More
News 

VCs Take A Step Back From B2B FinTechs As 2017 Comes To A Close

“In fact, only three of the six firms that announced funding this week secured investment from VCs” reports pymnts.com. Twenty-six investors participated in the funding, including family offices and institutions.The company recently announced $4.3 million in fresh venture capital led by Acorn Pacific, RGA Ventures and other investors.The company announced $12 million in fresh funding, reports in TechCrunch said this week, provided by Battery Ventures, whose General Partner, Michael Brown, will join the startup’s board. Source: pymnts.com Share This:

Read More