Today In B2B Payments: Finding The Freelancers’ Banking Sweet Spot; Repay Expands AP Integration With Sage



Today in B2B payments, Lance discusses finding the sweet spot of banking for freelancers, and Repay expands its accounts payable (AP) integration into Sage. Plus, ABN AMRO discusses invoice finance’s impact on late payments, C2FO partners with Marcus by Goldman Sachs and AirPlus enhances its virtual corporate card offering.

Freelance FinTech Chases the Sweet Spot Between Consumer and Business Banking

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Easing Late B2B Payments Pains With Invoice Finance — Responsibly

Invoice finance can connect small businesses to much-needed capital, but critics argue it’s merely a Band-Aid, not a cure, for late B2B payment practices. ABN AMRO’s Patrick Pfaff says there are ways to use the financing tool responsibly to support cash flow health.

Repay Integrates AP Automation Into Sage 100

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C2FO, Marcus by Goldman Sachs Team on SMB Financing

Working capital platform C2FO and Marcus by Goldman Sachs are teaming to equip qualified companies that harness C2FO domestically with unsecured financing. The collaboration endeavors to provide a quick and effective avenue for small to medium-sized businesses (SMBs) to access working capital, according to an announcement on Tuesday (May 18). “With this partnership, we are increasing access to low-cost, convenient capital, just as we have been working to do since 2010 through our accelerated payment programs. Giving smaller businesses multiple ways to access working capital will help them grow and prosper,” said C2FO Founder and CEO Alexander (Sandy) Kemper.

AirPlus Adds New Virtual Cards

AirPlus has revamped its virtual card payments to be offered on a standalone basis, which will feature three card versions on a new platform, a press release said on Tuesday (May 18). The new cards, which were formerly known as AIDA and were included as part of the AirPlus company accounts, will now come under separate billing accounts. There will be three new cards. Classic will be for corporate users to pay for travel; Procurement will be for B2B and ad-hoc purchases such as software. Lastly, the Travel Agency card will help with company-originated travel management payments.

Read More On B2B Payments:

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NEW PYMNTS DATA: CRYPTOCURRENCY PAYMENTS STUDY – MAY 2021

About The Study: U.S. consumers see cryptocurrency as more than just a store of value: 46 million plan say they plan to use it to make payments for everything from financial services to groceries. In the Cryptocurrency Payments Report, PYMNTS surveys 8,008 cryptocurrency users and nonusers in the U.S. to examine the ways in which they plan to use crypto to make purchases, what crypto they plan to use — and how merchant acceptance can influence merchant choice and consumer spend.

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