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Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

PYMNTS

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Simfoni Joins Vroozi’s Cloud-Based Procure-To-Pay Platform. Wells Fargo Debuts Digital Supplier Payment Tool.

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Simfoni Joins Vroozi’s Cloud-Based Procure-To-Pay Platform

PYMNTS

Vroozi is moving to boost its cloud-based purchasing platform in a new partnership with Simfoni , an artificial intelligence (AI)-powered spend analytics provider, according to a press release. 19) release that it will add Simfoni’s spend analysis capabilities to its procure-to-pay solution.

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Virtualized B2B Payments: Poised To Kill The Paper Check — And The Plastic Card

PYMNTS

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Illustrating the process, Blair pointed to the hypothetical corporate buyer who uses their procure-to-pay platform to source and buy laptops from an office supply firm.

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Today In B2B Payments: Visa Unlocks SMB Data, Mastercard Drives Biz Card Adoption Across MEA

PYMNTS

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning. SMB economy. 18) press release.

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Procure-To-Pay Facing More Market Consolidation

PYMNTS

Juvo Technologies wants to extend its presence within the procure-to-pay space and announced an acquisition to help it do so. Reports late last week said the technology firm has acquired Vendorin , a B2B payment technology and enterprise solutions company, to help Juvo build out a procure-to-pay platform.

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One Of The Biggest B2B FinTech Funding Weeks In Months

PYMNTS

It was one of the biggest weeks for B2B FinTech investment in months. based procure-to-pay platform that aims to link companies with a consumer-like eCommerce experience in the procurement department. eProcurement. Tradeshift. BuyerQuest. Bridge Bank provided $4 million in funding to BuyerQuest, a U.S.-based

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Transcepta Adds Dynamic Discounting To AP Platform

PYMNTS

Accounts payable automation company Transcepta has added a new way to support B2B transactions. 1) that it is introducing a dynamic discounting feature into its cloud-based AP automation and procure-to-pay platforms. Some analysts and industry players have viewed dynamic discounting as a way to combat late B2B payments.