PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. With virtual cards, he said, a portion of that interchange rate gets shared with the payer. The problems are analog. But digital-era help is on the way.

Process 94

Process AI Accounts Lockbox 94

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Payer Financial Debuts New ID Verification Service. Just Cashflow Partners With Railsbank on SMB Accounts. Today In B2B, U.K. HashCash Integrates HC Corporate For Streamlined B2B Pay.

B2B 75

B2B Product Payer Verification 75

EBizCharge

MAY 8, 2024

This system enables the movement of money between bank accounts through direct deposits and payments. ACH processing fees are charges for processing electronic payments and transfers between bank accounts. ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account.

ACH 52

ACH Checks Process ACH Network 52

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

Fintech Finance

JANUARY 31, 2024

Additionally, AR staff can utilize full reconciliation automation and feeless bank-to-bank payment options that eliminate card fees. With the new Acumatica integration, accounting teams can achieve accelerated payments, synchronize payment data and achieve more efficiency that serve to increase margins and operational cash flow.”

B2B 52

B2B Payer Payments Automation 52

PYMNTS

DECEMBER 11, 2020

In a podcast with PYMNTS, Todd Tracey , executive director at MPX , Deluxe Corporation said online platforms can bring providers and payers together in a way that improves transparency and cash flow — especially when providers are paid for one-off or out of network services. The problem is they just can’t get rid of that check.”.

Payer 67

Payer Checks Push-to-Card Commercial Card 67

PYMNTS

SEPTEMBER 26, 2019

Push, or credit, transactions see payers instructing their banks to send money from their accounts to recipients’ accounts, whereas pull, or debit, transactions have recipients’ banks extract money from payers’ accounts. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Real Time Payments Push-to-Card Payee 67

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Automation 127

Automation B2B Point-of-Sale (POS) Payer 127

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. ”

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

EBizCharge

JULY 15, 2024

The primary difference hinges on whether the payer remits funds before or after receiving the benefit of a service or product. Meanwhile, service providers may send bills in arrears to account for the exact consumption of services like telephone usage, electricity, or gas. This ensures both parties understand when the payment is due.

Disputes 52

Disputes Payer Legal Service Provider 52

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting.

Payer 66

Payer B2B Due Diligence Reconciliation 66

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct.

Automation 47

Automation Reconciliation Card Issuer Payee 47

EBizCharge

MAY 15, 2024

This step can involve verification of the payer’s identity and authorization of the transaction by relevant stakeholders within the buying organization. Funds Transfer: After authorization, the funds are transferred from the buyer’s account to the seller’s account through the chosen payment method.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

NOVEMBER 25, 2020

This combination of facilitating payment and data connectivity was the motivation behind Transcard's launch of automated account-to-account (A2A) transactions. The Account-To-Account Connection. Businesses don’t want somebody setting their hands on large payments like that.”. Everybody calls RTP a faster payment.

B2B 116

B2B RTP Payments Real Time Payments 116

PYMNTS

JUNE 24, 2019

Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made. Among this community is Novo , a mobile-first bank connecting entrepreneurs with bank account and debit card services. However, progress is gradual. and Europe.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

APRIL 2, 2019

BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP has shaped opportunities for bill payers to get funds to recipients faster than ever, and helps electronic billing providers better process received transactions.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

Clearly Payments

DECEMBER 5, 2023

Key functions of a payment processor include: Transaction Authorization: Payment processors verify the legitimacy of transactions by checking the availability of funds in the payer’s account or ensuring the credit line is sufficient. One critical distinction between ISOs and aggregators lies in the nature of merchant accounts.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Nanonets

APRIL 16, 2023

Introduction As we continue to move into a paperless society , business accounting is on a transformative journey. Companies have begun to actively invest in software solutions that digitize their accounts payable workflows. It plays a significant role in optimizing financial systems and the cross-collaboration of teams.

Automation 52

Automation AI Accounts Reconciliation 52

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Discover Targets Reconciliation Data. Vroozi Pay Eyes Vendor Relations.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

OCTOBER 23, 2019

Deluxe Corporation is augmenting its treasury management solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe automates payments and invoice matching for streamlined reconciliation. Deluxe Treasury Management said in a press release on Tuesday (Oct.

Treasury Management 40

Treasury Management Treasury IRS Reconciliation 40

PYMNTS

FEBRUARY 28, 2019

The offering uses a Fiserv SDK that allows payments to be sent directly to recipients’ bank accounts via mobile or web-based platforms. Use of checks, cash and paper-based reconciliation was rampant. Reconciliation and Automation. Speedy Disbursements.

Reconciliation 43

Reconciliation Payee Payments Payer 43

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. “The person receiving it is just happy to get paid.”

Cross-Border 53

Cross-Border B2B Cross-Border Payments Payer 53

Nanonets

APRIL 8, 2024

QuickBooks, one of the most popular accounting and bookkeeping platforms on the market, offers a fairly straightforward method of managing recurring ACH payments to help ensure no surprises come during reconciliation time. What are ACH Payments? ACH payments are generally fast during the work week but aren’t instantaneous.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. Preserving Check Workflows. But addressing payee needs is just as critical to easing the digital migration.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

NOVEMBER 19, 2019

Commercial payments company WEX has announced a partnership with order-to-cash solution provider Billtrust in an effort to address accounts payable (AP) friction for its clients. “We’re pleased to partner with Billtrust to solve for the ‘last mile’ of automated settlement and reconciliation.

B2B 51

B2B Payer Reconciliation NOV 51

PYMNTS

JULY 21, 2020

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. SAP ERP Integrates With ezyCollect.

Commercial Card 70

Commercial Card B2B Payer Transactions 70

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Understanding businesses’ biggest payment pain points requires a wide line of sight. Where Banks Fit In Problem-Solving.

Business Payments 52

Business Payments Payer Payments B2B 52

PYMNTS

JULY 22, 2019

For all their drawbacks, why do paper checks persist in accounts payable? PYMNTS recently surveyed accounts payable (AP) executives’ satisfaction rates with their payment technologies for the latest Payables Friction Playbook and found something surprising. They’re slow. They’re cumbersome and expensive. They open the door for fraud.

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. ”

B2B 110

B2B Payments Wires Wire 110

Stax

MARCH 14, 2024

ACH payments ACH payments, sometimes known as EFTs (electronic funds transfers) or echecks , are made through an Automated Clearing House that acts as an intermediary between bank accounts to complete bank transfers. Payments work by giving the payer a link to complete the transaction. Thus, it’s more secure.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

JUNE 11, 2020

While optimizing back-office functions like accounts payable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration is also critical to supporting the financial health of an organization. Xero, Transferwise Team For SMB Cash Flow. ”

B2B 52

B2B Payee Cross-Border Small Business 52

Stax

JULY 9, 2024

Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. Businesses can also streamline accounting tasks by integrating digital payment systems with their financial software, which improves accuracy and efficiency in financial reporting.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

AUGUST 12, 2020

In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more. Pay Direct sees a payer initiate a payment from within a bank application integrated into a business’ own digital platform.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another. This can be particularly troublesome for businesses waiting to receive payment, while for payers, the cost associated with these transfers is another common pain point.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

NOVEMBER 20, 2019

Real-time payments could result in more efficient payment operations that improve payer-to-provider flows by quickly issuing disbursements from payers to healthcare providers. Electronic messaging standards, such as ISO 20022, could also repair healthcare’s reconciliation issues. A Real-Time Payments Healthcare Overhaul.

Real Time Payments 44

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44