American Express plans card solution designed for startups, Mastercard and Branch discuss real-time wage payments and the SEC considers direct listings as an IPO alternative
| | | | BUSINESS-TO-BUSINESS EDITION | | How Smart Contract Tech Moves To Lower Freight Factoring Costs Tight margins and small (often single-person) enterprises have placed the trucking industry in a tight spot. Large shipping clients naturally want to delay their invoice payments, but cash-flow bottlenecks are not helping a carrier market faced with accelerating business failures, and factoring can be an important â but expensive â lifeline. Jim Handoush, president and CEO of dexFreight, talks with PYMNTS about how blockchain and smart contracts can lower the risk and cost of invoice financing. |
| Investors Back Different Points Of The Procure-To-Pay Ecosystem It was a week of (mostly) Series A rounds for B2B FinTechs firms, as startups secured new funding to tackle various parts of the broader B2B transaction process. Some funds backed procurement tech, while others went to the friction point of actually paying for what was purchased. Other investors, meanwhile, targeted technology that provides analysis of purchasing and spending behavior, or tools that help companies finance their spend. Hereâs our roundup. |
| | Payroll Innovations | | Mastercard And Branch To Fast-Track Pay For Hourly Workers If gig and hourly workers are facing similar financial issues, shouldn't they have similar tools to manage their cash flow? Mastercard and Branch think so, which is why the two firms are partnering to make it easier for hourly workers to get free digital access to a portion of the wages they've already earned. Branch CEO Atif Siddiqi and Mastercard Senior Vice President of Digital Partnerships Adam Granoff talk with Karen Webster about why the time is now to rethink payroll for the hourly worker. |
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