Contractor Payments news and trends

Construction Platform Buildertrend Adds Suite of Adyen Embedded Payments Tools
Payment Methods // February 22, 2023

Adyen and Buildertrend have teamed up to enable expedited payments for construction businesses. With this collaboration, Buildertrend is using Adyen for Platforms to add embedded finance to its residential construction project management platform, the companies said in a Wednesday (Feb. 22) press release. “We want to help our customers simplify their...

The Prepaid Card Carves A Niche In The B2B Payments Ecosystem
B2B Payments // August 12, 2020

As payment innovators explore how to build up existing payment rails, or build entirely new ones, to combat friction, the low-hanging fruit remains plentiful to improve the multitude of ways money moves. When it comes to B2B payments, plenty of pain points also mean plenty...

Optimizing Contractor Payments And Productivity For A Flexible Workforce
B2B Payments // May 29, 2020

Late B2B payments continue to plague suppliers large and small throughout the supply chain, but it’s not just companies that are struggling to get paid on time. In the craft labor arena, contractors, too, face the threat of late and delayed payments. Yet while much...

UK Chancellor Seeks Crackdown On Late Payments
B2B Payments // March 25, 2019

Late payments continue to negatively impact small enterprises in the U.K., and the Chancellor of the Exchequer has stated that larger firms should have a director in place to help reduce delays. Elsewhere, late payments impact contractors focused on emergency repairs in the U.S. Virgin Islands...

Interviews & Exclusives
Why Construction Payments’ Friction Has Nothing To Do With Payments

March 08, 2019
What’s more complicated than a B2B transaction? A B2B transaction in an industry like construction, where what triggers a payment isn’t a single, simple invoice. In this sector, B2B payments are a complex process that includes layers of internal approvals to document sharing, in order for money to flow from lender to developer to general […]

Quick Reads
iiPay Launches Contractor Payroll Solution for Multinational Corporations

June 06, 2023
iiPay has launched a payroll solution to help multinational corporations manage payments to contractors. The new ContractorPay streamlines payments to contractors across the globe, the provider of cloud-based global payroll software solutions said in a Tuesday (June 6) press release. “iiPay ContractorPay will provide businesses with the flexibility and agility needed to pay their contractor […]

Construction Platform Buildertrend Adds Suite of Adyen Embedded Payments Tools

February 22, 2023
Adyen and Buildertrend have teamed up to enable expedited payments for construction businesses. With this collaboration, Buildertrend is using Adyen for Platforms to add embedded finance to its residential construction project management platform, the companies...