Today in B2B payments, VersaPay explores payment processing. Plus, Transfix is teaming with TriumphPay, Xendoo is collaborating with Gusto and Emirates Development Bank (EDB) has implemented a memorandum of understanding with First Abu Dhabi Bank (FAB).
The fashion in which customers anticipate obtaining and making payments presents one of the largest hurdles that merchants encounter, according to VersaPay Executive Vice President of Payments Operations and Strategy Jayme Moss. In terms of payment processing, merchants are also becoming more and more aware of the blind spots they have contended with when engaging with their partners in addition to possible purchasers.
Transfix, the freight infrastructure firm, is collaborating with TriumphPay to equip freight carriers with a bolstered payment experience. The tie-up allows carriers to streamline their existing workflows and eliminates accounting friction. TriumphPay, a carrier payment platform, connects carriers, factors, shippers and brokers to help all of them “process, settle and manage” carrier payments and fuel growth.
Xendoo, the accounting/bookkeeping software firm, has created a collaboration with Gusto to develop a new offering named Xendoo Payroll. Xendoo Founder and CEO Lil Roberts said that working with Gusto was an obvious decision, as both firms share the same market: those who own small businesses that are aiming to simplify bookkeeping, payroll or benefits.
Emirates Development Bank (EDB) has implemented a memorandum of understanding with First Abu Dhabi Bank (FAB) on credit guarantee and co-lending efforts. “This partnership will help in bridging the funding gap for … [SMBs] and strengthening the … [SMB] ecosystem, supporting the UAE’s goals to build a robust knowledge-based economy,” Shaker Zainal, business finance director at EDB, said in a press release.