| Beanworks Looks to Help Businesses Update Outdated Accounting Technology
As the accounting industry explores machine learning, AI, and even digital currencies to promote progress, there's one thing standing in their way, says Beanworks CEO Catherine Dahl: the banks. Hot off a Series A funding round, Beanworks tells PYMNTS why banks need to step aside to let the industry innovate. Plus, we break down the rest of the B2B FinTech investment rounds from the week.
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| X-Border Marketplaces And The Search for Better Payout Solutions
Cross-border retail is on its way to becoming a $1T business opportunity and online marketplaces are leading the way, according to the latest PYMNTS.com X-Border Payments Optimization Trackerâ¢. But those marketplaces are only as vibrant as the speed at which payments end up in sellers' bank accounts. For speedy payments, says Tomas Likar, Strategy VP for Hyperwallet, only a 'Venmo-like,' payment experience will do. That, plus the latest on PSPs offering multi-currency settlement solutionsâand rankings of 157 providersâinside the June tracker.
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| | B2B Payments | | Mastercard Launches B2B Payments Hub
Think the paper check is dead? Think again â it's still alive and well, and behind most of the B2B payments. But Mastercard and new business partner AvidXchange are taking on that problem with the launch of Mastercardâs B2B Payments Hub to help âthe Mighty Middleâ improve their invoicing and payment processes. Karen Webster chatted with Avid's CEO Michael Praeger and Mastercardâs Richard Crum, about the Hub and what's next for B2B payments. Read More... |
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