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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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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. Furthermore, businesses can institute a credit limit and date of expiration for the card.

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Biz Card Startup Brex Pursues Unicorn Status

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Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal ( WSJ ) reported Friday (Sept. Brex, founded by two Brazilian entrepreneurs, emerged on the market as a FinTech issuing corporate cards to other startups.

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Corporate Card Innovators Look Beyond Business Trip Spend

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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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Visa, Conferma Pay, Make Corporate ‘On The Go’ Card Spend Tap And Pay

PYMNTS

FinTech Conferma Pay said Wednesday (May 6) that it has teamed up with Visa to integrate the payment network’s virtual cards into the Conferma Pay mobile app, provisioning commercial cards to their phones’ digital wallets. So, we’ve seen a lot more focus for our type of services over the last four months.”

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Open Banking Expands Its Horizons For Small Business Finserv

PYMNTS

But open banking itself is enduring an evolution, too, as finserv players explore new use cases for data interconnectivity. Expanding Use Cases. Codat’s joining of the Open Banking Maketplace is targeting a new use-case, enabling banks to connect into accounting data to more quickly and accurately underwrite SMB loans.