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PYMNTSTV B2B Payments 2021

How Transforming Treasury Banks Helps Corporates Transform, Too

The pandemic has spotlighted the inefficiencies across the B2B payments ecosystem that were previously accepted as the way business was done. But in a panel discussion with Karen Webster, senior executives from JPMC, HSBC, Commerce Bank, Western Union, LiquidX and Ingo say big changes are putting those sacred cows out to pasture and transforming treasury banks and corporate clients in real time. Here’s where they see things going.

Payment Rails Innovation

Cross-Border, Digital Payments Drive Payments Rail Innovation

Cross-border and digital payments are once again in the spotlight as payment rails innovators turn their attention to merchant and eCommerce payments. In this week’s look at payment rail innovation, dLocal is growing its payment network to include three countries in Central America and the Caribbean, while SafetyPay has collaborated with LatAm’s Rappi.

The Procure-To-Pay Space Needs Amazon-Like Automation And Greater Payment Flexibility

At a time when businesses must cut expenses more than ever, automating accounts payable and procurement systems is key, CEO Jack Mulloy of procure-to-pay provider BuyerQuest tells PYMNTS. He thinks procurements need Amazon-like platforms that feature all goods and services a business needs, so companies can avoid buying things outside normal channels.

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