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May 22, 2019

On the web

American Express Revolutionizes B2B Payments: The Check Will Never Be In The Mail Again

Forbes

“The multi-year partnership that will fully embed American Express payment capabilities into the Ariba Network was one of the biggest announcements at the recent SAP Ariba Live event. During the keynote, E-Bai Koo, executive vice president, global commercial services at American Express, outlined the benefits of the virtual card payment solution for buyers and sellers that rely on the Ariba Network to purchase goods and services with their American Express cards.”

April 3, 2019

March 11, 2019

On the web

Lloyds, NatWest and Barclays Team up for Business Banking Hubs

FinTech Futures

“The first hub for SMEs will open its doors in Perry Barr, Birmingham today (11 March). The pilot will also see five other shared hubs open across the UK in the coming weeks. No specifics on that. The hubs will be branded “Business Banking Hub” and they have been designed to enable business customers from the three banks to conduct transactions through a shared facility.”

November 6, 2018

On the web

How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments

Digital Transactions News

“Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to make payments via virtual cards with both one-time and multiple-time use capability. At the same time, Visa Inc. announced it is teaming with billing-services provider Billtrust to develop a network that can enable electronic payments to corporate suppliers.”

September 14, 2018

On the wires

September 5, 2018

On the wires

August 24, 2018

On the web

Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

Finextra

“Founded in 2010, Dallas-based Modo works to reduce friction in the payments industry through technology that creates interoperability between systems, without needing changes to those systems. Deutsche Bank says that Modo’s technology will help it expand its existing digital B2B and B2C payments business. In particular, it will help extend payments into non-bank payment platforms such as Alipay, Paypal, M-Pesa and WeChat, beyond traditional banking channels into mobile wallets and P2P networks.”

August 21, 2018

On the wires

Tipalti Accelerates Steep Growth Trajectory, Surpassing $5 Billion in Annual Transactions and 3 Million Suppliers on Payables Platform

Tipalti, the leading global payables automation platform, today announced that it has surpassed $5 billion in annual transactions, with over 3 million suppliers onboarded on the platform. These milestones came as Tipalti more than doubled new business bookings in Q2 2018 versus Q2 2017 and became licensed as a Money Transmitter in every state in which it’s required.”

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