Expense solutions firm Emburse has teamed with accounts payable (AP) company Finexio. The partnership lets Emburse customers shift to Finexio’s artificial intelligence (AI)-powered platform, trading manual processes for a digital ecosystem, the companies said in a Tuesday (July 30) news release. “Our customers are increasingly looking for payment options...
Israeli B2B payments platform Monto has emerged from stealth with $9 million in funding. “Monto enables B2B finance teams to seamlessly get paid from any AP portal used by their enterprise customers,” the company said in a Tuesday (July 30) news release announcing the seed funding and a new...
The integration of financial products and services into digital ecosystems is transforming commerce. “With the advancements of technology and the platforms businesses rely on to run their operations, they are looking to integrate financial products to give their customer base more value,” Ben Griefer, COO at...
One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock of the July 2023 launch of the central bank’s instant payment rail, Jill Capicchioni, product director of payments at NCR...
As digital commerce evolves, businesses are constantly seeking innovative solutions to enhance their payment processes. And providers are working around the clock to give them exactly that. The emergence of open payment platforms, as one example, represents a significant step forward, offering a more flexible,...
When The Clearing House amended its rules on digital wallets in early May, few in the industry paid much attention. After all, it was little more than a footnote to its use cases. However, the executive team at Austin-based FinTech AppBrilliance took note of the change,...
With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants agreeing to a two-year extension of a moratorium on taxation of cross-border electronic transmissions —...
Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built for small businesses that doesn’t meet their needs or 25-year-old software built for large corporations that doesn’t either,” the company...
Amid a worldwide data breach surge, France is dealing with an older-school type of cyberattack. As Bloomberg News reported Monday (July 29), vandals have cut several fiber optic cables carrying broadband service across the country, now four days into hosting the Olympic Games. According to...
