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Buoyed by reports of record 2018 holiday spending, analysts predict more retail growth in 2019, particularly in the evolving small and midsize business (SMB) sector. Advanced technologies have introduced SMBs to a big-brand experience and new set of challenges.

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When it’s time to pay up, commercial buyers may be in for a pleasant surprise when purchasing online. The launch of Amazon’s Pay By Invoice feature last year opened the door for more flexible B2B payment schedules. Rather than relying on credit cards, qualified buyers have the luxury of purchasing on payment terms.

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The expectations of B2B buyers are evolving. Today, buyers are looking for the same ease and convenience Amazon delivers for B2C transactions. Satisfying such demand, however, isn’t as simple as developing an online presence.

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Don’t think of them as mere podcasts — though PYMNTS certainly does a lot of podcasts, discussing with payments and commerce experts the hottest topics of the day, with each conversation not only digging into the past and present but having an outlook toward the future. No, think of them as miniature seminars. That’s not to put some boring academic spin on these digital discussions, but only to underscore how intelligent the material is, and how the participants often learn from each other during these events.

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Today’s business world is one of rampant change. While technology is driving much of this disruption, evolving customer expectations are dramatically altering the face of the financial services, payments and fintech industries.

As we move through the second half of 2018 and into 2019, B2B e-commerce expert Brandon Spear, president of MSTS, a global B2B payment and credit solutions provider, shares with  PaymentsJournal readers several insights and perspectives he believes will impact fintech in the near future.

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MSTS, a global B2B payment and credit solutions provider, today announced that its innovative Credit as a Service solution is now available to mid-market and small businesses.

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By Leslie Collins  – Reporter, Kansas City Business Journal | October 4, 2018

MSTS’ culture of reinvention is evidenced in its growth. The Overland Park company now has 558 total employees, and its revenue doubled during the past four years. In the second quarter, revenue rose 30 percent.

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Decisiv, Inc., a Service Relationship Management (SRM) solution provider, and MSTS, a global B2B payment and credit solutions provider, have announced a partnership and integration strategy to provide an end-to-end connected customer experience for the management of a fleet's service and repairs.  
 
The partnership allows Decisiv to leverage MSTS' credit-as-a-service technology for its SRM platform to digitally manage estimate approvals and payments, according to the company.
 
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This article was written by PaymentsSource

Accordingly, some payments providers are finding success by focusing on one or two international markets for e-commerce, while others are targeting more niche markets around the globe.

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CIO Spotlight: Dan Zimmerman, MSTS

Name: Dan Zimmerman

Company: MSTS

Job title: Chief Product and Information Officer (CPIO)

Time in current role: 3 yrs.

Location: Overland Park, KS

Education: I have a Bachelor of Science degree in Computer Information Systems from Strayer University and an MBA from the University of Colorado. Throughout my career I’ve attained certifications based on the position I held at the time. I have Novell CNE, Microsoft MCSE certifications and I am a Certified Agile Scrum master.

 

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