1 minute reading time (163 words)

Capital One Enhancing B2B Footprint

Fortune 500 company Capital One is developing its business-to-business (B2B) services web. Capital One is the latest company to expand its B2B and small- and medium-sized business reach following others such as Visa, Southwest, RBS, UBS, WESCO and others. The company announced last week the acquisition of Maine-based BlueTarp Financial, which specializes in customized B2B credit programs for U.S. SMBs.

"BlueTarp offers a unified purchase-to-payment system and fosters strong banking relationships with large merchants and small- to medium-sized businesses alike," said Buck Stinson, senior vice president of Card Partnerships at Capital One, in a release.

BlueTarp establishes seamless purchase-to-payment processes within the realm of AR management, cash flow and risk protection. "As an emerging leader in the business-to-business credit management industry, we were eager to identify a like-minded partner who could help us transform this sector on a much larger scale," said Scott Simpson, CEO of BlueTarp, in the release.

The transaction is expected to close in the third quarter of this year.

-Michael Miller, managing editor

Strategic Global Intelligence Brief for June 24, 2...
Existing Home Sales Increase During Month of May

Related Posts



No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Saturday, 07 December 2019