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Commercial Card Innovation Puts SMBs In The Spotlight

PYMNTS

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. Wyndham Unveils Credit Card For Small Business Travelers.

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Turning Commercial Card Credit Lines Into SMB Cash Flow Lifelines

PYMNTS

Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. And with the pandemic all but wiping out business trips, the commercial card could be at a crossroads.

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Commercial Card Regulations Could Have Aussie SMEs Scrambling

PYMNTS

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. The issue, officials say, is that there are rising instances of late payments to small businesses, forcing them to pay their own suppliers on credit. would impact the market.

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Corporate Card Innovators Look Beyond Business Trip Spend

PYMNTS

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches.

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Brex Seals $125M Round For Unicorn Valuation

PYMNTS

Business credit card startup Brex has confirmed earlier reports of its pursuit of unicorn status. “If you have raised millions of dollars from credible investors, why is it that you can’t get a credit card instantly and why aren’t the credit limits more flexible?”

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PayPal Founders Back Brex?s Corporate Card For Startups

PYMNTS

PayPal Founders Peter Thiel and Max Levchin have participated in a funding round for Brex , a startup that designed a commercial card for startups. According to its press release, Brex wants to enable startups to access credit card products. Brex offers a card product that does not require a personal guarantee.

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Brex Integrates With Accounting Platforms

PYMNTS

Commercial card startup Brex has announced the launch of a portal to connect cardholders to accountants. The integrations enable cardholders to automatically connect transactions from their Brex cards into their accounting and expense management solutions. “Today’s product announcement combines those two investments.”