Veem Announces Xero Integration, Coupa Losses Less Steep Than Expected, And Traydstream Explores Trade Finance Innovation.
 

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September 72017

       BUSINESS TO BUSINESS EDITION

B2B Payments

Making The Perfect B2B Payment
 

Corporate payments may seem like a simple function, but they can be a powerful strategy for managing suppliers and saving money. Bob Sneed, vice president of Corporate Payments for WEX, said the secret lies in rethinking the corporate AP strategy — something that he says CFOs haven’t even touched. Sneed says if they did, they’d save AP department time and expenses, optimize business processes and leverage discounts that yields the perfect B2B payment every time.
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US Payment Systems

Fed Looks To Keep Momentum Going On Payments Improvements
 

The Federal Reserve says significant progress has been made on each of its key focuses for improving the nation's payments system: speed, security, efficiency, enhanced international payments, and industry collaboration. But the sector must keep the momentum going, and to help things along, the Fed issued its latest report to outline how it intends to build on past successes — and address upcoming challenges.
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Trade Finance

Trade Finance Endures, And Overcomes, Banks’ Slow-Moving Innovation
 

A few years ago, Sameer Sehgal, CEO of trade finance firm Traydstream, said he probably wouldn’t have agreed that banks are playing a role in the innovation of the industry. But trade finance is the target for massive disruption thanks to technologies like blockchain and robotics, Sehgal tells PYMNTS, and banks are finally perking up to the need for progress. The CEO explores his predictions for how tech can fill a $1.5 trillion trade finance gap.

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