News

B2B Payments
Jaggaer and Bottomline Partner on B2B Payments
September 05, 2024

Jaggaer and Bottomline have partnered to provide companies with more payment options for B2B transactions. Bottomline’s Paymode business payment network and its Premium ACH offering, virtual card and other payment modalities will be integrated into Jaggaer’s B2B payment solution, Jaggaer Pay, the companies said in...

Investments
Nvidia Contributes to $160 Million Applied Digital Funding Round
September 05, 2024

Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept. 5). Applied Digital builds and leases...

Payments Innovation
Visa’s New A2A Offering ‘Opens’ Choice and Security Via Direct Bank Transfers in the UK
September 05, 2024

Direct debits have been popular through the decades — across a variety of use cases — especially when it comes to bill payments and subscriptions. Enterprises withdraw money from accounts according to set parameters. Those parameters span dates, or dollar amounts, and tend to be...

B2B Payments
Integration-to-Impact Window Gets Tighter for B2B Payments Innovation
September 05, 2024

Innovations wouldn’t be deemed as such if they didn’t change things in a transformative way. And the world of B2B payments — characterized by complex workflows, intricate data requirements and entrenched manual processes — is finding this out in real time, as businesses across various...

Delivery
Onfleet and Fairmatic Team on Reduced Fleet Insurance Rates
September 04, 2024

Last-mile delivery management firm Onfleet has integrated with fleet insurance firm Fairmatic. “Businesses that take advantage of the integration will develop a better understanding of their delivery drivers’ performance with a free driver analytics dashboard that can reduce insurance rates,” the companies said in a...

Investments
Flex Raises $3.2 Million for HSA and FSA Payment Acceptance
September 04, 2024

Health and wellness-focused FinTech Flex raised $3.2 million in seed funding. The new financing will help the company with its mission of offering direct-to-consumer health and wellness brands an easier way to accept health savings account (HSA) and flexible spending account (FSA) payments online, according...

Security & Fraud
Liability Remains Murky Despite Reduction in UK Push Payments Fraud Fine
September 04, 2024

It’s said in jurisprudence that hard cases make bad law. Bad laws have the unintended consequences of hurting society, encouraging bad behavior, or both. In payments, and in the United Kingdom, the hard choices of what to do about authorized push payment (APP) fraud are...

B2B Payments
Revolut Business Adds Bill Pay Feature
September 04, 2024

Revolut Business has launched Revolut BillPay, a feature that automatically pulls bills in from the user’s accounting software or allows users to upload bills to their account. “With full 2-way syncing and AI-powered data extraction for every part of every bill, all that’s left for...

Banking
US Bank Debuts Savings and Credit Rewards Products
September 04, 2024

U.S. Bank is introducing a pair of savings and credit rewards products. Released under the bank’s Bank Smartly program, these offerings are designed to work in tandem to let users maximize credit card rewards and earn more on their savings balances, according to a Wednesday...