As FinTech Business Models Shift, Asset-Based Funding Evolves, Too
Helping Community Banks Reclaim Commercial Card Control
Industrial playing cards with value-added ancillary companies generally is a useful product for banks to supply, however group banks can battle to retain management of their card applications. Brandon Lorey, president of Financial institution of Clarke County, spoke with PYMNTS in regards to the alternative for smaller establishments to maintain their company card applications in-house and play a bigger position in B2B funds modernization because of this.
Visa, Airwallex Debut B2B X-Border Virtual Card in Hong Kong
Toast’s xtraCHEF Takeover Bolsters Eatery AP Spend Management
Toast has bought restaurant administration software program firm xtraCHEF, which equips eateries with instruments equivalent to accounts payable (AP) automation along with stock administration, in line with a Thursday (June 10) announcement. The acquisition comes on the heels of a profitable partnership rolled out in June 2020. xtraCHEF, which was created for all completely different sized eateries, lets operators digitize accounts payable, handle growing stock spend and simplify back-office work to bolster whole profitability.
Ivalua Debuts Integrated Supply Search Tools Via Amazon Business
Ivalua, which works in cloud spend administration options, will give staff entry to Amazon Enterprise from Ivalua’s platform and assist companies discover new provide sources, a press release mentioned on Thursday (June 10). It can transcend the standard PunchOut and permit for an built-in search expertise, letting staff search throughout numerous provider catalogs internationally, Amazon Enterprise and different locations with a view to evaluate outcomes.