B2B payments today: Finstro, PayAlly, more
Today in B2B Payments: Finstro discusses finding the win-win scenario in B2B trade credit, and PayAlly is teaming up with Banking Circle on B2B cross-border payments. In addition, cuBIZloan.com discusses the financing role of credit unions, Nium acquires Ixaris and Lightspeed acquires NuORDER.
Finding the win-win in B2B trade credit
Credit unions prepare for a pickup in demand for business finance
With the end of government assistance programs, businesses will be looking for capital, regardless of their experience over the past year. Murray Halperin, Managing Member of cuBIZloan.com, tells PYMNTS why credit unions are preparing for an increase in demand for business finance and how they can extend their reach to borrowers beyond their neighbors.
PayAlly Uses Banking Circle Tech to Boost B2B Cross-Border Payments
Nium invests in B2B travel payments with the acquisition of Ixaris
The Nium payment platform announced Monday, June 7 that it will acquire the Ixaris travel payment optimization platform as part of a global expansion. Ixaris offers financing and payment methods designed to help airlines and online travel agents reduce surcharges and earn discounts, serving over 200 customers in over 40 countries and issuing over 10 million cards virtual in 2019.
Lightspeed buys NuORDER to connect merchants and suppliers
Lightspeed Point of Sale Platform Acquires B2B e-commerce platform NuORDER and Software-as-a-Service (SaaS) e-commerce company Ecwid in a bid to merge commerce ecosystem and drive forward the launch of new businesses. “By joining forces with Ecwid and NuORDER, Lightspeed becomes the common thread uniting merchants, suppliers and consumers, a transformation that we believe will enable innovative retailers to adapt to the new world of commerce”, Dax Dasilva, Lightspeed co-founder and CEO, said in a press release on Monday, June 7.
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