B-to-B payments

By using a network of vendors with existing payment and financial terms, TD Bank hopes to expedite the paper processing for supply chain transactions and treasury management.

In a continued effort to expand beyond China's borders, China UnionPay will reportedly work with a U.K. company to issue issuing virtual corporate cards next month in Europe.

Electronic payments processor Mobile Credit Payment has launched an app that allows small businesses to invoice customers through social media channels and accept various payment methods.

The payments company released a platform made up of nine B2B networks and powered by Microsoft’s Azure.

BofA Merrill Lynch will extend Apple Pay, Google Pay and Samsung Pay support for business cardholders, covering corporate, commercial and purchasing cards in the U.S.

New architecture for real-time payments went live in recent months in key global markets, expanding B2B payment options for financial institutions and their corporate customers.

Wirecard is expanding its reach in Brazil by enabling small businesses and to send funds and pay bills through its digital platform, with plans to add card payments this year.

Thanks to the downstream nature of technology, what was once the domain for large organizations is now accessible to organizations of all sizes, writes Ralph Perdomo, a research analyst at Nvoicepay.

B2B payments have long lagged consumer transactions in adopting new technology, but fintechs have recently increased automation in an attempt to reduce manual and paper-based processing.

PayNow Corporate enables corporations, businesses and government agencies to pay and receive funds instantly by linking a unique entity number to their Singapore bank account.