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Small Business Banking Targeted In Open Banking Initiatives

PYMNTS

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. Banking technology company Agora Services recently announced its plans to white-label its offerings for smaller financial institutions (FIs) with a focus on small business and teen banking solutions.

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Singapore’s DBS Launches QR Payment App For Small Business AR

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Singapore bank DBS is introducing a new solution for small businesses to embrace digital payments and better manage cash flow, according to an announcement on the FI’s website late last week. The solution is also integrated with PayNow , the payments solution created by the Monetary Authority of Singapore.

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How ACH Business Payments Pave The Way For US Open Banking

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In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made.

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Finding Salve For Business Payments Pain — From Expense To AP

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Ingvoldstad highlighted top hurdles in employee spending, pointing to the “inconvenience” professionals face when employees are forced to use their personal cash and cards to make payments while on the clock, only to wait weeks for reimbursement. Where Banks Fit In Problem-Solving.

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Payments Initiation Opens The B2B Door For QR Code Payments

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TrueLayer, which offers open banking application programming interfaces (APIs), recently announced an expanded partnership with ANNA Money , a provider of mobile-friendly business account, card and tax management services to small businesses.

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Visa: Forging A ‘Network Of Networks’ To Modernize B2B Payments

PYMNTS

Indeed, solving some of the biggest AP challenges increasingly requires aa strategic focus not just on the payer, but on the supplier accepting that transaction. That’s the crux of Visa ‘s and Billtrust ‘s strategy behind the Business Payments Network (BPN), their collaborative B2B payments solution.

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WEX Strikes Noventis Acquisition Deal

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However, the company said at the time that payment processing activity also increased during the quarter, with its core business payments offering growing 20 percent year over year, according to CEO Melissa Smith. ”

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