AvidXchange launches purchase to pay, Circle takes on Coinbase, PayPal talks Chase Freedom partnership.

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March 15, 2018

B2B Payments

AvidXchange Launches Purchase To Pay

Today, AvidXchange announces the rollout of its Purchase to Pay solution, a platform that helps SMEs manage payments from supplier contract negotiation through invoice and payment. Michael Praeger, AvidXchange CEO and co-founder, told Karen Webster that Purchase to Pay is as much about simplifying the SME B2B payments process as it is about building connectivity between once very siloed processes.

 

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Mobile Payments

PayPal: Why Chase Plus PayPal Equals Choice

In a world in which consumers value choice when paying for things, the future of enabling digital payments is about collaboration, says PayPal's head of core global payment, Jim Magats. He tells Karen Webster that’s the spirit of the Chase Rewards/PayPal cashback program announced this week — and PayPal’s plans for using its two-sided network to deliver choice to its partners and the customers they serve.

 

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Retail

Wirecard CPO: To See Retail’s Future, Go Back To The Basics

To get ahead in retail, to blend brick-and-mortar commerce with commerce over bits and bytes, ask the basic questions. That’s the advice of Susanne Steidl, CPO of Wirecard, who tells PYMNTS that as retailers and others grapple with shifting consumer demand amid “checkout at the shelf” and IoT, it never hurts to remember what consumers want from retailers in the first place.

 

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Global Cash Index™

NEW REPORT: In US, Cash Holds Firm Against Rising Digital Dollar

In the U.S., cash isn’t just sticking around — at $2.3T in overall spend, it remains the most commonly used payment method among consumers. The latest Global Cash Index examines more than 240 data points to gauge the factors powering cash’s projected growth in the U.S., and its place in the ever-more-digital retail market. Plus, an interview with Claire Greene, payment risk analyst for the Federal Reserve Bank of Atlanta, on U.S. consumers’ changing cash habits.

 

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