b2b payments

It was not the most lucrative week for B2B FinTech venture capital with multiple seed and lower-value investments coming onto the scene. But a clear winner did emerge: Small business accounting is a space that saw the largest funding round of the week, thanks to the $73 million placed with Ageras Group. CouchFashion We Founder Circle, a startup investment platform, has reportedly placed $150,000 in CouchFashion, a B2B fashion...

Small and medium-sized business (SMB) owners in Singapore will now be able to use facial recognition to access their DBS Bank accounts, per a report from The Straits Times. To use the software, called SingPass Face Verification, users will just have to face a camera and have their information verified. Before this, business owners who qualified for straight-through processing would have to manually enter in their information while...

Today in B2B payments, Western Union Business Solutions integrates SWIFT gpi, and Barclays launches a small business banking package. Plus, Mastercard teams with Deutsche Bank on business payments, Proxtera collaborates on escrow for B2B trade and Ageras secures funding to ramp up its B2B FinTech focus. Western Union Boosts Business FX Payments Western Union Business Solutions, the payments arm of Western Union, is looking at expanding...

With Software-as-a-Service now a foundational technology for many organizations, the subscription payment model has proven valuable for both payer and payee. On the payer side, accounts payable (AP) departments can take a "set it and forget it" approach to paying their subscriptions, providing service providers with a credit or debit card number that is automatically charged on a regular basis. While it can run the risk of...

Proxtera and Tazapay have teamed up to roll out Proxtera Protect, powered by Tazapay, to offer global purchasers and vendors a “secure and protected” payment service to simplify international trade, according to a Wednesday (Feb. 24) announcement. Tazapay is an online escrow service for international trade, while Proxtera is a network of business-to-business (B2B) marketplaces that supports international trade for small- and...

To assist with Britain’s economic recovery on a local level, Barclays is offering a customized support program to local companies. The package is initially geared toward Barclays’ Rebuilding Thriving Local Economies (RTLE) pilot regions, which include Great Yarmouth, Taunton Deane, Kilmarnock and Bury, according to an announcement. Barclays says the RTLE program will offer a spectrum of support to communities and companies, as the...

Today in B2B payments, Comdata rolls out a new fleet card for small fleets, and Bookipi launches an invoice payments feature. Plus, reports say corporates gloss over the pandemic's impact on revenues, Advanced Fraud Solutions targets supplier fraud and Ledgermatic collaborates on blockchain for corporates. Comdata Unveils B2B Payments Card For Small Fleets Comdata Inc. has introduced its new Comdata Fleet Card, which was created for...

As corporates continue to find themselves inspired by surging bitcoin values and a massive crypto haul by Tesla, the digital currency ecosystem is beginning to drum up more interest within the corporate treasury and B2B payments arena. Yet despite cryptocurrencies' promises of faster payments, mitigated risk and boosted transparency, the corporate ecosystem is far from ready to dive fully into the market. That doesn't mean...

While commercial card adoption is often about driving value for business end users, the technology can also offer a means of overcoming key barriers for customers. In this week’s Commercial Card Innovation Tracker, PYMNTS looks at the latest solutions to combat barriers — for accounts payable (AP) adoption, under-banked employees, and small underserved trucking companies. Billhop Lands Funding To Boost Commercial Card Adoption With...