In B2B payments, Comdata is today introducing a new fleet card for small fleets, and Bookipi is introducing a feature for bill payments. Companies are reportedly glossing over the pandemic’s impact on sales, Advanced Fraud Solutions targets supplier fraud, and Ledgermatic is collaborating on blockchain for businesses.
Comdata unveils B2B payment card for small fleets
Comdata Inc. has unveiled its new Comdata fleet card, designed for fleets with fewer than 50 vehicles. According to an announcement by Comdata, a FLEETCOR company, on Tuesday (Feb. 23), the card offers fuel savings, discounts, and no card transaction fees for a monthly fee per active card. Justin King, senior vice president of product and innovation at Comdata, said in the announcement that supply chain strength will become increasingly important to ensure that critical products are transported efficiently as the pandemic progresses.
Bookipi teams with fat zebra on SMB bill payments
Bookipi, a company that creates invoices for small businesses and freelancers, is ready to roll out its new BookiPay invoice payment system in Australia through a new collaboration with financial technology company Fat Zebra, according to an announcement. “We look forward to partnering with Fat Zebra to launch our bill payment platform. Australian small businesses depend on their bills being paid and paid on time to conduct their business, ”said Tim Lee, Bookipi’s chief executive officer, of the partnership.
Ledgermatic, Algorand work on corporate blockchain
Ledgermatic, which is working on treasury tools to help companies leverage digital assets, is partnering with Algorand as a blockchain protocol partner, according to a press release dated Tuesday (February 23). Additionally, Ledgermatic was funded by venture capital firm Borderless Capital in the press release. Algorand is designed to provide the foundation for the protocol layer for Ledgermatic, which will enable the company’s corporate customers to move assets from their licensed network to Algorand’s public network.
Advanced Fraud Solutions debuts supplier fraud control tool
Advanced Fraud Solutions (AFS), which works in deposit fraud detection software, introduced AFS Positive Pay, which enables financial institutions (FIs) and corporate customers to review changes to payment information to prevent fraud. This emerges from a press release. With AFS Positive Pay, financial institutions and businesses can monitor payments and be notified immediately if payment information from providers, including routing numbers, account information, or amounts, does not match correctly.
Some companies are glossing over the pandemic’s impact on sales
Many companies have failed to pinpoint the impact the pandemic had on their bottom line, the Wall Street Journal reported on Tuesday (Feb.23). Financial metrics don’t have to comply with generally accepted accounting principles (GAAP), making it difficult for investors to get a good idea of a company’s financial landscape, the news agency said. For the quarter that ended in December, roughly one in three companies wagered a dollar amount on the pandemic’s impact on their profits, according to Calcbench, according to the Journal.
NEW PYMNTS DATA: HOLIDAY SHOPPING RETROSPECTIVE STUDY – FEBRUARY 2021
About the study: The Retrospective Study of Shopping On Vacation: Insights into Merchants for 2021 and Beyond, a collaboration between PYMNTS and PayPal, examines consumer shopping practices and preferences during the 2020 holiday season and what this means for merchants now and for the upcoming holiday seasons. The report is based on a census among 2,070 US consumers.