Today in B2B payments, B2B software maker Zilliant is launching its Quick Start program for faster deployment, while ACH transfers are the most popular form of online B2B payments. Additionally, Vertice is raising $36 million and B2B payouts are more than double the pace of B2C advances.
B2B software maker Zilliant unveils quick start program
Pricing software maker Zilliant has launched its Zilliant Quick Start Program, designed to enable faster deployment times for its software, which powers smart commerce for B2B businesses. The program started with the Zilliant Quick Start package for Global and Country Price Lists. Zilliant’s new program offers packaged solutions that address specific pricing and sales challenges, each of which can be up and running in three to eight weeks, running in tandem on the same platform.
ACH leads the pack as B2B payments evolve online
According to the “B2B Digital Payments Tracker,” a collaboration between PYMNTS and American Express, 64% of chief financial officers (CFOs) said automatic clearing house (ACH) transfers are used more frequently. Other payment types that more than half of CFOs say are used more frequently include PayPal (64%), credit cards (64%), wire transfers (57%), ePayables with virtual cards (55%) and real-time payments (52%).
B2B purchasing solution Vertice raises $26M for staffing and development
Purchasing software-as-a-service (SaaS) solution Vertice has raised $26 million in a Series A funding round. The new capital will help the UK-based company expand its engineering teams and commercial, develop its platform and accelerate its revenue growth. Vertice helps companies in finance, IT, and procurement reduce annual software spend and streamline purchasing.
Booming Trade Payments Now Outpace B2C Advances by a 2-to-1 Margin
BigCommerce CEO and President Brent Bellm told PYMNTS CEO Karen Webster that the pandemic has spurred innovation, especially in payments and e-commerce. Over the past five years, there have been two payment “bursts”. The first seismic shift came with the expiration of Amazon’s One-Click patent. The other monumental shift is the explosive growth of buy now, pay later (BNPL), or non-bank players offering installment credit options to consumers.
NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORED CARDS – APRIL 2022
On: Shoppers who have store cards use them for 87% of all eligible purchases – but that doesn’t mean retailers should start buy now, pay later (BNPL) options at checkout. The Truth About BNPL and Store Cards, a collaboration between PYMNTS and PayPal, surveys 2,161 consumers to find out why providing both BNPL and Store Cards is key to helping merchants maximize conversion.