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earlier this year, Visa formed similar partnerships with
receivables automation firms serving Latin America,
Europe and Asia.
"The B2B payments industry landscape is relatively
complex, replete with partnerships between multiple
entities," said Steve Murphy, Director of the Commercial
and Enterprise Payments Advisory Service at Mercator
Advisory Group Inc. "Regardless of size, businesses do
not typically understand how the pieces fit together or
the potential benefits of integrated solutions."
Mastercard eyes payables
Industry Show: While Visa has been busy forging partnerships to
support receivables automation and migrating more
Midwest Acquirers Association billers to card payment acceptance, Mastercard's focus
MWAA 2018 has not been on cards to the exclusion of other electronic
Highlights: This 1 1/2 day conference will be payments.
filled with educational and networking oppor- The Mastercard B2B Hub, introduced in the summer
tunities, dynamic speakers and an exhibit hall of 2017 and offered through card issuers, targets the
featuring the latest in payments and value added accounts payable needs of mid-market and smaller
products and services. companies. The hub leverages digital tools and
When: July 25- 26, 2018 resources to support automation of these traditionally
Where: Chicago Marriott Downtown Magnificent paper-intensive processes, integrating with more than
Mile 130 accounting systems, as well as with Mastercard's
Registration: http://midwestacquirers.com/next- virtual card platform and the ACH. Mastercard's
event/ "execution partner" in the endeavor is AvidXchange,
which specializes in automating invoice and payment
processes for mid-market companies. Mastercard also
Next Up and Coming Industry Show: has taken a minority stake in AvidXchange, which
supports payments by virtual card and data-rich ACH
Prepaid Press options.
The PREPAID EXPO / ALL Wireless Expo Fifth Third Bank holds a minority interest in
Highlights: With two full days of exhibit hall AvidXchange and was the first bank to join Mastercard's
activities, including numerous high impact B2B Hub. "There are a number of inefficiencies and
networking functions to maximize exhibitor and complexities that traditionally come with managing
attendee interaction, The Prepaid Expo & All payments," said Bridgit Chayt, Senior Vice President
Wireless Expo is only event created specifically for Commercial Payments and Treasury Management
for you, and the growth of your business. at Fifth Third. "Joining the Mastercard B2B Hub will
help to eliminate these pain points for our clients in an
When: August 21 - 22, 2018 innovative and user friendly format."
Where: Planet Hollywood Las Vegas, NV
Registration: http://www.theprepaidexpo.com/ Mastercard's effort to leverage the ACH in support
of B2B payments should come as no surprise. The
payments giant paid over $900 million in 2016 for
Western Acquirers Association VocaLink Holdings Ltd. Headquartered in London
WSAA 2018 VocaLink built the rails for and operates BACS (the
When: September 12 - 13, 2018 U.K.'s ACH network) and several real-time account-to-
account payment networks, including one launched
Where: Hyatt Regency Scottsdale Resort & Spa, in 2017 by The Clearing House, which is owned by a
Scottsdale, AZ consortium of large U.S. banks.
Registration: https://westernstatesacquirers.net/
Patti Murphy is Senior Editor at The Green Sheet and President of
ProScribes Inc. Follow her on Twitter @GS_PayMaven, or email her at
patti@greensheet.com.
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