Today in B2B payments, PairSoft explores middle-market procure-to-pay challenges, and Paystand raises funding for its B2B payments technology. Plus, Interos urges firms to look inward when mitigating supply chain risk, Wells Fargo hires a new small business banking chief, and American Express introduces new deals for small business cardholders.
Supplier management has evolved into a critical piece of supply chain risk mitigation, but firms must understand that they, too, are third parties to their partners. Jennifer Bisceglie, founder and CEO of Interos, urges firms to take an introspective look at how their own efforts can cause ripple effects far along supply chains.
Wells Fargo has announced its head of Small Business Banking will be Derek Ellington after luring him away from Bank of America where he worked for two-dozen years, according to a press release. The appointment is effective Oct. 18, and Ellington will oversee about 2,000 colleagues, the release stated.
American Express is offering new recipients of two of the company’s business cards new perks for signing up, CNBC reported.The Blue Business Plus Credit Card will provide double Membership Rewards points on purchases up to $50,000 per year, according to CNBC.“This is convenient for many as they do not need to track multiple credit cards and figure out various bonus spending categories,” CNBC reported.