Ardent’s P2P Technology Round-Up returns today with another assortment of ePayables, P2P, and B2B payment solution provider news and updates from the past week. If you are an Accounts Payable, B2B Payments, or Spend Management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com. Thanks, and enjoy!
Finexio Announces New ePayment Solution
In the news this week, Finexio, a Florida-based B2B payment network provider, has announced a new payment option that will allow corporate buyers the ability to pay suppliers with a credit card. The new solution, called “CredX”, unlocks new segments of corporate spending for customers, and also provides new ways for customers to access the other benefits of Finexio’s bank-issued cards. Corporate buyers will be able to pay with their cards even if their supplier doesn’t accept cards. With CredX, Finexio enables any buyer to pay non-card accepting suppliers with a Mastercard or Visa credit card by utilizing its proprietary network to route payments via the optimal supplier payment method. CredX is available to existing customers now, and the company will offer the payment method to new customers beginning in 2019.
Apruve and 3rdcart Partner on B2B Payments
Apruve, a B2B Platform for credit management and receivable automation, has announced a new partnership with Florida-based B2B eCommerce platform, 3rdcart, to integrate Apruve’s payment solution to the 3rdcart platform. Apruve, which is headquartered in Minnesota, allows eCommerce merchants to extend payments to business buyers. Through this partnership, the Apruve payments solution will now be supported as the preferred B2B payment solution within the 3rdcart eCommerce ecosystem. Apruve can approve buyers and give them a credit limit to use at the online store. Every purchase on Net Terms placed through Apruve is underwritten, which will allow merchants to get paid immediately and not have to worry about bad debt, collections, or invoicing.
Tencent Financial Technology Launches Supply Chain Finance Solution with Blockchain
The Chinese tech conglomerate, Tencent, has created a new division, Tencent Financial Technology, with aims to launch a new blockchain-based supply chain finance platform. Tencent is partnering with the supply chain fintech firm, Linklogis, to build the platform that will harness blockahin technology to ensure data credibility, security, and reliability. The new platform, which is reportedly known as WeChain, has been created with the aim to help small and medium-sized enterprises with their financing. The idea is that by incorporating blockchain, the new platform could spread a core enterprise’s strong credit throughout the industrial chain. Enterprise clients will be able to access the supply chain platform via Tencent’s “WeChat” app.
Expensya to Integrate with Uber App
Expensya, an expense management solution provider based in France, has recently announced that it will be integrating into the ridesharing company, Uber. This integration will simplify business trips for Expensya users as Uber riders will be able to transfer their receipts to Expensya directly from the Uber application. Expensya offers a web and mobile solution to help business professionals manage their expense reports, and address the issues of automated expenses. This partnership continues Expensya’s integration strategy with major stakeholders and automating all flows of management and accounting processes.
AirPlus Announces Integration with Booking.com for Seamless Payments
AirPlus, an international provider of business travel and expense management solutions, has recently announced a new partnership with leading travel eCommerce company, Booking.com. Through this partnership, AirPlus will be able to provide corporates and business travelers a seamless booking and payment experience by integrating its AirPlus A.I.D.A. Virtual Cards in the Booking.com for Business platform as a preferred payment method. Corporate customers that use the virtual cards can generate an individual MasterCard number for their employees to pay for accommodations through Booking.com. All expenses that are made with the AirPlus virtual cards get settled centrally and itemized on one collective invoice.
