Today in B2B payments, Sylndr raises $12.6 million in its latest funding effort, while Amaryllis gets $10 million to accelerate its development. Plus, EVO Payments acquires North 49 Business Solutions for enhanced B2B integrated payment solutions, PayEngine will use its $10 million Series A fundraising round for growth and expansion, Tranch prepares for its U.S. debut and most businesses say automated accounts payables fuel growth.
EVO Payments Adds North49 for B2B Integrated Payments
Global payments provider EVO Payments has acquired Sage development partner North49 Business Solutions to provide Sage customers with enhanced B2B integrated payment solutions, according to a company press release Monday (May 23).
The acquisition grew EVO’s portfolio of enterprise resource planning (ERP) integrations to include Sage accounting software, which the company said will allow it to sign new partners and merchants within the Sage ecosystem. Terms of EVO’s acquisition of North49 were not disclosed.
Regulatory Compliance Solutions Speed Adoption of Digital B2B Payments
PYMNTS research has found that regulatory burdens are a major challenge preventing migration to digital B2B payment solutions for about half of U.S. and Canadian merchants, as reported in the “Payments Orchestration Playbook,” a PYMNTS and Spreedly collaboration.
With about two-thirds of B2B companies now offering fully digital eCommerce capabilities and their online customers doing more shopping outside their native countries, businesses looking to support easy, convenient cross-border payments will need to maintain regulatory compliance in multiple markets.
Finding technologies or industry partners that can help merchants easily manage their relationships with disparate payment service providers is key to remaining competitive. Solutions such as payments orchestration could play a key role in supporting this by enabling companies to connect to their different payment partners more easily and…
Today in B2B payments, Sylndr raises $12.6 million in its latest funding effort, while Amaryllis gets $10 million to accelerate its development. Plus, EVO Payments acquires North 49 Business Solutions for enhanced B2B integrated payment solutions, PayEngine will use its $10 million Series A fundraising round for growth and expansion, Tranch prepares for its U.S. debut and most businesses say automated accounts payables fuel growth.
EVO Payments Adds North49 for B2B Integrated Payments
Global payments provider EVO Payments has acquired Sage development partner North49 Business Solutions to provide Sage customers with enhanced B2B integrated payment solutions, according to a company press release Monday (May 23).
The acquisition grew EVO’s portfolio of enterprise resource planning (ERP) integrations to include Sage accounting software, which the company said will allow it to sign new partners and merchants within the Sage ecosystem. Terms of EVO’s acquisition of North49 were not disclosed.
Regulatory Compliance Solutions Speed Adoption of Digital B2B Payments
PYMNTS research has found that regulatory burdens are a major challenge preventing migration to digital B2B payment solutions for about half of U.S. and Canadian merchants, as reported in the “Payments Orchestration Playbook,” a PYMNTS and Spreedly collaboration.
With about two-thirds of B2B companies now offering fully digital eCommerce capabilities and their online customers doing more shopping outside their native countries, businesses looking to support easy, convenient cross-border payments will need to maintain regulatory compliance in multiple markets.
Finding technologies or industry partners that can help merchants easily manage their relationships with disparate payment service providers is key to remaining competitive. Solutions such as payments orchestration could play a key role in supporting this by enabling companies to connect to their different payment partners more easily and…