In some markets, new entrants into the financial services (FinServ) market went from bank competitors to bank collaborators, seemingly overnight as traditional financial institutions (FIs) realized the potential in acquiring FinTech firms to bolster their own services. However, the competitive spirit isn’t gone, particularly in...
Visa is expanding the testing of its B2B payments technology, B2B Connect, into Thailand, according to reports. The Nation reported that B2B Connect is now being piloted by Thailand’s largest bank Kasikornbank. “Visa is proud that we have representation from a Thai financial institution in the...
Visa‘s next initiative to disrupt B2B payments is focusing on the real estate market. The company is pairing up with Nexus Systems, a provider of accounts payable (AP) solutions for the real estate industry, to streamline supplier payments for joint customers, the companies said in...
Banks continue to make moves in an effort to get their corporate clients off paper. Recent innovations in ACH payments has the payment rail as a new favorite choice for both buyers and suppliers, thanks to its speed and ability to transmit transaction data for...
February 09, 2018
Visa said Friday that it has acquired Fraedom, which provides — via software as a service — expense management solutions for financial institutions and business. The two firms have been in partnership for nearly a decade, Visa said in a release. Fraedom’s technology underpins the Visa IntelliLink Spend management platform that is focused on the […]
