Today in B2B payments: Hokodo puts BNPL to work for digital B2B marketplaces, and TIS optimizes payments visibility for global corporates. Plus, ActZero discusses small business cybersecurity, SumUp partners with Google Pay and Tipalti streamlines cross-border accounts payable.
From ransomware to business email compromise scams, the cybersecurity threat on small businesses today is overwhelming. It’s important not to blame the victim, says ActZero Chief Operating Officer Chris Finan, but it’s vital that SMBs take proactive measures to avoid a cyber event that could kill their businesses outright.
To let retailers conduct more expedient and secure transactions with its prepaid debit card, SumUp is teaming with Google Pay, reported IBSintelligence on Wednesday (June 9). SumUp lets small businesses accept payments by the way of card readers, according to the company’s website. The SumUp Card serves as a prepaid debit card that lets cardholders make payments with the funds they obtain via transactions accepted through SumUp.
Global payment automation program Tipalti has rolled out new ways for corporates to manage accounts payable (AP) data, a press release said on Wednesday (June 9). This feature will also aid in simplifying foreign exchange (FX) as well as currency management requirements for corporates. The new feature, called Tipalti Multi-Entity, will aid in letting companies access visibility control and access for an optimized workflow, ensuring better audit preparedness and subsidiary-specific communications.