As FinTech business models evolve, so does asset-based finance
Help community banks regain control of commercial cards
Commercial cards with value-added ancillary services can be a valuable product to offer for banks, but community banks may find it difficult to maintain control over their card programs. Brandon Lorey, President of Bank of Clarke County, spoke to PYMNTS about the possibility for small institutions to keep their corporate card programs in-house and play a bigger role in modernizing B2B payments.
Visa and Airwallex launch B2B X-Border virtual card in Hong Kong
Toast’s takeover of xtraCHEF strengthens Eatery’s AP expense management
Toast has bought restaurant management software company xtraCHEF, which equips restaurants with tools such as accounts payable (AP) automation in addition to inventory management, according to a Thursday, June 10. ad. The acquisition follows a successful partnership established in June 2020. xtraCHEF, which was created for all restaurants of varying sizes, enables operators to digitize accounts payable, manage increased inventory spending and to simplify back-office work to strengthen total profitability.
Ivalua Launches Integrated Sourcing Research Tools Through Amazon Business
Ivalua, which works in cloud spend management solutions, will give employees access to Amazon Business from Ivalua’s platform and help businesses find new sources of supply, a Press release said Thursday (June 10). It will go beyond the traditional PunchOut and enable an integrated search experience, allowing employees to search various supplier catalogs internationally, Amazon Business and other places to compare results.