“With Stampli Card, accounts payable or other departments within the organization can create a digital card with a set limit, expiration date, etc. to pay out the vendor without abandoning the system already set in place. For example, Accounts Payable can issue, limit, suspend or cancel cards at any time, as well as control who is authorized to make the purchase, spending limits and how often the card can be used. AP can even predefine fields of the payment, such as GL-coding or the vendor. Once used, Stampli Card transactions are automatically captured and processed just like other invoices, and the cardholder is reminded to upload the supporting documentation, such as a receipt.”

“Mastercard today announced a new supply chain finance capability within Track Business Payment Service (Track BPS) – designed to increase access to working capital while lowering costs, reducing complexity and risk, and accelerating automation when businesses pay and get paid. Launched in partnership with Demica , a leading global provider of supply chain finance technology, this new offering empowers Mastercard partners to provide their business customers with access to affordable working capital.”

“Goldman Sachs is partnering with American Express to upgrade its digital cash management offering, CNBC has learned. The investment bank is leaning on the world’s biggest issuer of business charge cards in its quest to displace rivals that handle trillions of dollars in deposits and payments for corporations. By integrating virtual card technology from AmEx into its platform, Goldman has automated the cumbersome process of sorting and paying bills to vendors and suppliers, according to executives of the two firms.”

“U.S. Bancorp sees an opportunity to offer more payments services to its business-banking customers, looking to bolster an operation that already generates more than a quarter of net revenue. Just 308,000 of the company’s 1.1 million business clients with revenue of less than $25 million utilize payment services, according to a presentation Thursday.”

“The Federal Reserve and the Business Payments Coalition (BPC) today announced 73 organizations have joined an industry effort to stand up an operational pilot exchange framework to enable businesses of all kinds to exchange electronic invoices (e-invoices). Another 42 organizations will strive to assess whether a similar exchange framework can facilitate electronic delivery of remittance information across all payment types. The E-invoice Exchange Market Pilot and the Remittance Delivery Assessment Work Group are two industry efforts aimed at catalyzing the modernization of business-to-business (B2B) payments in the United States.”

“The Federal Reserve and the Business Payments Coalition (BPC) today announced 73 organizations have joined an industry effort to stand up an operational pilot exchange framework to enable businesses of all kinds to exchange electronic invoices (e-invoices). Another 42 organizations will strive to assess whether a similar exchange framework can facilitate electronic delivery of remittance information across all payment types.”

“TD Bank, America’s Most Convenient Bank® announced today that it has expanded its collaboration with Autobooks to add invoicing as a feature to its TD Business Simple Checking, making it easier for Small and Micro Businesses to process invoices and get paid faster. With this collaboration, TD Bank is one of the first major financial institutions to provide this tool and make it a standard part of the digital banking experience.”

“Oracle Textura Payment Management Cloud Service has now been used to manage subcontractor payments on construction projects valuing $1 trillion . This milestone represents work on more than 78,000 projects since Textura first launched in 2006. Today, the system is helping general contractors, owners, and subcontractors of all sizes improve efficiency and mitigate payment and compliance risk by processing approximately $9 billion in monthly payments. Since 2018 alone, the construction value managed on system has doubled from $500 billion to $1 trillion.”

“The 2021 B2B Payments Survey, conducted by Strategic Treasurer and Bottomline, reveals that nearly two-thirds of companies (64%) are making the majority of their payments electronically, indicating a growth in the adoption of new payment types. Alongside this, banks are increasingly prioritizing APIs as a technology priority, up 30% from last year.”

“Square’s popular free invoicing software is becoming the company’s next big subscription service. The company is poised to announce a paid subscription offering called Invoices Plus , which will offer sellers a set of advanced features, including some that had previously been available with the free service. The service itself had been quietly introduced to individual sellers, but has not yet been publicly announced. Some sellers who were already using Square Invoices were recently alerted to the upcoming changes via email.”

“Kyriba , a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. (ASX: OPY) (Openpay), a global diversified payments fintech Company, announced a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to Kyriba clients to improve their working capital performance and strengthen customer relationships.”

“U.S. Bank announced today that it has partnered with Mastercard, a global technology company in the payments industry, to offer the U.S. Bank Voyager® Mastercard® , which can be used for fleet-related expenses anywhere Voyager or Mastercard are accepted. U.S. Bank currently offers the U.S. Bank Voyager Fleet Card which can be used to pay for fuel, maintenance and other expenses at more than 320,000 locations across the U.S. using the proprietary Voyager Network.”

“GoDaddy Inc. (NYSE: GDDY ), the company that empowers everyday entrepreneurs, today announced GoDaddy Invoicing and Payments, a new feature in the Hub by GoDaddy Pro which enables easier and faster invoicing processing solutions for web designers and developers through a simple integrated user interface. This new innovation was made possible through technology acquired via the Poynt acquisition made in December 2020.”

“JPMorgan Chase is trying to duplicate its success with peer-to-peer payments by providing a real-time option for businesses to pay each other and for consumers to make certain purchases. The bank has launched Request for Pay, which resembles JPMorgan Chase’s earlier effort to help spearhead the creation of Zelle. But where the latter serves as a P2P payments tool, RFP is more focused on the bank’s corporate clients. The new Chase product enables immediate wholesale payments between companies, or certain consumer-to-business transactions, such as someone buying a car. The bank is piloting the product through an undisclosed fintech partner.”

“Centime, a Boston-based fintech company, has announced that it has joined Visa’s Fast Track program, which aims to speed up the process of integrating with Visa, and help Centime to more easily leverage the reach, capabilities and security that VisaNet, the company’s global payment network, offers. Centime is working with Visa and strategic bank partner FNBO to enable easy access to commercial card credit lines that provide small and mid-sized businesses working capital and liquidity when they need it.”

“U.S. fuel card company FleetCor Technologies Inc FLT.N charged customers hundreds of millions of dollars in hidden fees after promising to help them spend less on fuel, the Federal Trade Commission said on Friday. In a court filing, the FTC asked a federal judge in Georgia to stop FleetCor and Chief Executive Officer Ronald Clarke, from charging hidden fees and to disgorge ill-gotten gains. In its complaint, the FTC said that FleetCor had marketed payment cards to companies with fleets of vehicles, promising that they would save money, that there would be fraud controls, and that there were no membership or transaction fees.”

“Corserv, a company that empowers banks and fintechs with payment programs, has partnered with Boost Payment Solutions (Boost), the global leader in optimizing the use and acceptance of commercial card products, to expand the utilization of commercial card offerings for financial institutions. Community and mid-sized banks and credit unions have traditionally struggled to add virtual commercial card services. Corserv enables these financial institutions to deliver competitive, branded payment services to their business customers while Boost expands the acceptance of virtual card payments for these businesses. For the banks, this results in increased card usage by increasing the number of suppliers who can accept the virtual cards.”

“Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), announced today that KPMG Spark has selected Bill.com as their preferred partner to offer automated bill pay for their clients. KPMG Spark , a business unit within KPMG, is a managed accounting solution that connects small and medium-size businesses with a dedicated KPMG bookkeeper to provide real-time online bookkeeping services.”

“Penny Software, the digital procurement software has signed a partnership agreement with technology leader Mastercard to provide its customers with an enhanced business-to-business payment experience via Mastercard Track™ Business Payment Service. The collaboration will pilot Mastercard Track in Saudi Arabia and the greater MENA region. Mastercard Track facilitates secure and efficient electronic payments between buyers and suppliers through a global open-loop network. It allows businesses to have greater control of their payments with rich data exchanges and the ability to automate payments across multiple payment rails.”

“WEX (NYSE: WEX), a leading financial technology service provider, today announced the launch of the WEX Pay Card. Businesses can transfer funds to the WEX Pay Card in real time, 24 hours a day, 365 days a year through an easily managed process and cardholders can use the card anywhere Mastercard® is accepted. Cardholders with bank accounts can also transfer funds to those accounts via the PayControl mobile app. The app allows cardholders to view their current balance, issue a check using EFS MoneyCodes, set up transfers and perform account management tasks.”