article thumbnail

Bureaucratic Fuel Is Pushing B2B Payments Toward Digital

PYMNTS

The country is the latest nation to help push B2B payments into the digital age. Other European countries — for instance, Italy and Germany — have taken similar steps, and the European Union is backing that push toward more digitization for B2G and B2B invoicing and transactions. B2B Impact. From a U.S. s Digital Push.

B2G 58
article thumbnail

TIE Kinetix Launches B2G eInvoicing Feature

PYMNTS

B2B eCommerce solutions provider TIE Kinetix is strengthening its position in the world of business-to-government procurement. The company announced late last week that it is launching a B2G eInvoicing solution in its Exact product, enabling government suppliers to send digital invoices to national and local government institutions.

B2G 40
article thumbnail

FINOM Launches E-Invoicing Solution for German SMEs Ahead of 2025 Mandate

Fintech Finance

Key features of FINOM’s e-invoicing include: Seamless integration with FINOM’s existing systems and automatic compliance with e-invoicing regulations for all generated invoices Support for both ZUGFeRD (PDF/A-3 with embedded XML) and XRechnung formats for B2B/B2C transactions XRechnung (XML) generation capability for B2G transactions Multiple (..)

XML 95
article thumbnail

How Governments Navigate ACH Payments Innovation

PYMNTS

Yet ACH volume is on the rise, and that includes in the B2B payments context. percent year-over-year increase in ACH transaction volume for the first quarter of 2020, with B2B payments adoption accelerating even faster, posting an 11.7 The key is the remittance information that needs to be associated with B2B payments.”

ACH 64
article thumbnail

B2B eCommerce Startup Mbiz Secures Series A

PYMNTS

B2B eCommerce platform Mbiz has raised Series A financing, reports Monday (March 27) said. Mbiz provides a digital procurement platform for B2B and B2G transactions. Mbiz, based in Indonesia, launched about a year ago and recently raised new financing. Tokyo Century Corporation led the funding, reports added.

B2B 47
article thumbnail

Innovation Eases The Friction Of Global Payment Rails

PYMNTS

Thorness recently spoke to PYMNTS about the role that ACH plays in public sector payments, with business-to-government (B2G) payments also embracing the digitization and affordability that ACH offers over other payment rails. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.

article thumbnail

TIE Kinetix Tackles Move To Paperless Business, Government

PYMNTS

In shifting to electronic invoicing for B2B and B2G, both Europe and the U.S. For B2B and B2G invoicing that spans national borders, especially in the direction of U.S. Recently, TIE Kinetix announced a partnership with ERP manufacturer Exact that works to boost B2B and B2G e-invoicing capabilities for its users. “It’s