Morning Brief 7.9.20: Amex, SAP Concur team to digitize B2B payments

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The information you need to start your day, from PaymentsSource and around the web:

Sending a bill

As businesses rush to digitize transactions with most of their workers out of the office, American Express has turned to SAP Concur in an effort to strip paper out of invoices and corporate expense management.

Amex and Concur will use machine learning to integrate paper and electronic invoices into a single system. The two companies will also offer digital expense reporting, enabling Amex business card payments to flow directly into Concur's expense management.

Amex is specifically targeting accounts payable and procurement, which are struggling as many firms adjust to having these traditionally office-bound functions migrated to home offices.

Subscription tweets

Twitter is reportedly hiring a team to build a subscription platform called Gryphon to augment its ad sales and data licensing revenue.

The engineers would work with Twitter's payments team, reports The Verge. Twitter's posting says the engineer will manage payment and subscription client work.

Twitter earlier examined offering subscriptions for analytics, breaking news or information about followers' tweets but did not go forward with the project, according to The Verge.

Saudi deal

Discover and the national Saudi Payments system have entered partnership designed to add more digital payment options and enable Saudi citizens to access more merchants outside of Saudi Arabia.

The deal allows Discover, Diners Club International, PULSE and network alliance cardholders to use ATMs, e-commerce and physical point of sale in Saudi Arabia, totalling 470,000 payment terminals and 18,000 ATMs.

It will also enable payments at 48 million outlets in more than 200 countries, as well as access to Discover's online merchant network. The government has set a goal of cutting cash to 30% of the country's payments by 2030.

Gaming cash

Social video analytics company Channel Meter has launched Creator Cash, an iOS and Android app designed to support payments to content creators on YouTube.

The app includes a debit card, access to social analytics and financial tools to manage campaign revenue and relationships with people who sponsor creators' activity.

The card follows the release of Karat, which also offers a payment card for online gaming and artistic creators to manage expenses. Other firms such as Patreon offer a platform to connect independent creators to their sources of funding, processing payments and providing the back end for creators to offer incentives to their supporters.

From the Web

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