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Global payments company Thunes has introduced ‘Thunes BusinessPayments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.
Mswipe , the business paytech headquartered in India with a network of 800,000 merchants, has completed the next step in its global expansion plan as it announces a new partnership with Cashflows , another paytech focusing on businesspayments, which will enable it to enter the UK market and offer efficient and cost-effective payment solutions.
New paytech systems and technology appear to be driving a surge in the number of out-of-hours businesspayments made across the UK, according to new research by UK paytech platform Blink Payment. Through new technologies such as payment links, businesses can now continue making sales around the clock.
albo , the Mexican digital bank, has joined forces with Paymentology , the global issuer processor, to strengthen its market position in the personal and business finance sectors, while simultaneously accelerating its growth. Looking to capitalise on this thriving market, albo has extended its services to small businesses.
FXellence , a provider of fast, simple, and secure international businesspayments, has announced the launch of its new cross-border payment platform for businesses, FXellence International Payments, powered by Currencycloud , a Visa Direct offering.
Coupa, the margin multiplier company, and Bottomline, a global leader in businesspayments, announced a strategic partnership to simplify and optimize payment processes for businesses.
Nottingham Forest can confirm that UK headquartered payments company Sokin has been named as the Official Global BusinessPayments Partner. Sokin will manage FX and global payments for Nottingham Forest while also supporting e-commerce payment acceptance through the Clubs online store.
Global neobank Revolut has launched a new feature called BillPay , aimed at helping businesses streamline their bill management and payment processes. The new service allows businesses to automate tasks like data extraction, approvals, and syncing with accounting software, reducing the need for manual input and saving time.
Waza , a B2B payment provider for emerging market businesses, has announced the launch of Lync, its new multi-currency account platform that combines market-leading foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power a new age of global trade for emerging market businesses incorporated in the US, UK or EU.
In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot.
Billtrust , a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its BusinessPayments Network (BPN).
We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions. The collaboration with Mastercard will empower us to elevate our payment capabilities and reinforce our position in Jordans financial sector, said Dr. Kamal Al-Bakri, CEO, Cairo Amman Bank. billion in 2022.
BVNK , the payments infrastructure provider, and Circle , a global financial technology firm, today announced a partnership aimed at accelerating the utility of USDC for BVNK’s global customer base. The global stablecoin payment volumes have been growing quickly, increasing tenfold since 2020, reaching $2.5 trillion in June 2024.
NYSE: FI), a leading global provider of payments and financial technology, announced today that WaFd Bank has selected CashFlow Central from Fiserv to enhance their robust small business banking offerings and streamline payments. Fiserv, Inc.
Leading virtual payments provider Conferma has partnered with global commerce platform WEX to enable Concur Invoice customers to dramatically reduce costs and control their B2B payments spend. The pre-authorised payment details are then securely provided to the supplier for processing.
Mastercard and Fundbot , a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. The two companies will launch a streamlined payments platform that seamlessly links buyers and suppliers.
By Shai Gabay, Co-Founder & CEO, Trustmi When I speak with businesses about B2B payment fraud, most people I talk with are The post Businesspayment fraud demands new approaches to account validation first appeared on Payments NEXT.
By Shai Gabay, Co-founder & CEO, Trustmi Fraud and human errors affecting businesspayments have threatened companies worldwide over the last decade. The post 5 reasons secure businesspayments must be a priority first appeared on Payments NEXT.
Late invoices are the primary culprit for causing cash flow problems for businesses according to two fifths (41%) of UK small and medium-sized enterprises (SMEs) while making sure the bills are paid was an issue for a third (32%) and having access to emergency cash (21%) was also top of the list. Subject to status and a full credit check.
PXP , a leading omnichannel global payment platform and innovative industry disruptor, today announces the findings of an exclusive survey of UK and US merchants appetite for digital payments transformation. Payment technology extends beyond enhancing back-end operational flows like reporting, data analysis, and business intelligence.
Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of businesspayments.
WorldFirst has also expanded one-business-day settlement capability to cover 90% of all World Account transactions, providing SMEs worldwide with speedy payments to increase turnover and save on costs. Payment speed is a big pain point for SMEs when it comes to global transactions. In the U.K. In the U.K.
Users can easily create customer profiles, process payments, save time on manual entry and manage customer communications directly within their own systems. The API provides a simple and secure way to save customer details, bank account information, and process both one-time and recurring payments.
As companies grapple with inflation and supply chain snarls, the businesspayments firm says it’s targeting those that need credit cards for workflow capital.
Instant payments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network.
Finance teams can cut down their workload significantly and free up time to analyze data and make more strategic decisions towards improving customer experience and business growth, says RecVue's Amit Chaudhry.
This earnings season, the downturn has become apparent as several corporate payments technology players post losses. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Boosting The Banking Experience.
If youre like many people, its been a while since you last made a payment exclusively with cash. said theyve used electronic payment methods to make a transaction in the past three months. Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm.
Tide , the UK’s leading business financial platform, has partnered with Adyen , the global financial technology platform of choice for leading businesses, to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. We’re on a mission to save SMEs time and money.
Revolut , the global fintech with over 50 million global customers and hundreds of thousands of business customers, has today announced a new payments partnership with Wizz Air , EMEA’s most environmentally sustainable airline, bringing secure, one-click checkouts to its 60+ million customers, first in-app, and coming to the website in May.
MyGuava Business helps small and medium-sized businesses in the UK to manage the challenge of payment processing fees, which have long been an unavoidable cost of operation. For in-store payments, our advanced POS terminals enable seamless transaction processing at just 0.6% report). .
Thunes, the Smart Superhighway to move money around the world, announces the launch of Thunes BusinessPayments, a next-generation solution designed to transform cross-border payment experiences for Members of Thunes Direct Global Network, including enterprises, merchants, as well as neo-banks, traditional banks and mobile wallets serving businesses (..)
The shift away from legacy payments processes was well underway before the pandemic, but COVID-19 is creating fresh urgency to move to cloud-based digitized systems, David Disque , president at CSI (Corporate Spending Innovations) told Karen Webster in a recent conversation. Disque said office shutdowns have “created a lot of havoc. …
By taking action today, you can begin to have peace of mind that your previously existing fraud vectors have been sealed off, says PaymentWorks' Thayer Stewart.
While we can’t know what the post COVID-19 landscape will look like, we do know that business expenses will ramp back up, and with them, higher expectations for digital payments from both suppliers and vendors, says Wex's Jay Dearborn.
Instapay Technologies and Mastercard, a global technology company in the payments industry, are enhancing international money transfer services for Instapay customers through Mastercard Move, a portfolio of money movement capabilities powering person-to-person and businesspayments to more than 180 countries worldwide in 150+ currencies.
Billtrust, a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its BusinessPayments Network (BPN).
Wallester’s strong performance underscores its role in revolutionising financial solutions, particularly in the card-issuing and payment technology space. As the company continues its rapid growth trajectory, it aims to redefine how businesses manage payments and financial operations on a global scale.
Tide, the UK’s leading business financial platform, has partnered with Adyen, the global financial technology platform of choice for leading businesses, to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app.
Visa (NYSE: V), a world leader in digital payments, and MISA , a provider of digital transformation solutions for finance, accounting, and enterprise management, announced a strategic collaboration to empower Vietnamese businesses through comprehensive digital payment solutions.
Payment technology has always needed to be relatively up to date as without it, customers are likely to abandon one organisation and go somewhere where they can have a better checkout experience. In fact, 64 per cent of merchants revealed that they want to invest in payment technology due to the growth potential it brings.
It will take years to fully complete the project, but Mastercard has announced the availability of real-time account-to-account corporate payments for U.S. firms through its Mastercard Track BusinessPayment Service (BPS), with plans to add cross-border payments next year.
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