PYMNTS

JULY 18, 2017

B2B payments company Viewpost just released a curious report: a survey on consumer payment habits and trends. According to Viewpost CEO Max Eliscu, B2B payments often follows in the same footsteps as B2C. Why would a corporate payments company want to dive into the world of consumers?

B2C 41

B2C B2B Payments Trends Payments 41

PYMNTS

JANUARY 19, 2021

With B2B eCommerce proliferating, the market is rapidly evolving to make way for new business and payment models in response to customer demand. We're in the golden age of B2B eCommerce," he told PYMNTS in a recent interview. Along with the adoption of B2B eCommerce came the proliferation of different kinds of buying models. "A

B2B 110

B2B Payments Push-to-Card B2C 110

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. B2B Drives ACH Volume Up. and abroad.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

JANUARY 8, 2020

Increasingly, business-to-business (B2B) companies working in the field and along supply chains are servicing their corporate customers, and seeking ways to accept payment upon delivery of goods and services. What B2B Businesses Need. Benefits For Payers.

B2B 56

B2B Mobile Payments B2C Payments 56

PYMNTS

JANUARY 15, 2018

That rings especially true in the areas of B2B payments and cross-border payments, which are complex, require the movement of data along with funds, and often involve multiple parties that have to all be on the same page about a transaction. 145 billion: the value of cross-border B2B payments as of December 2017.

API 77

API B2B Same Day ACH Payment APIs and Integration 77

PYMNTS

JULY 10, 2020

And while payments tools indeed must be wary of the complex and ever-changing compliance requirements unique to the cannabis market, there is opportunity, he said, for the marijuana sector to eventually become a powerful influencer over other industries’ adoption of solutions like optimized B2B payment tools.

B2B 84

B2B Innovation Non-Bank Payments 84

PYMNTS

JULY 16, 2020

The evolution of B2B eCommerce has historically been driven by the effort to bring a consumer-like experience a-la-Amazon into the corporate procurement world. Yet using the consumer eCommerce framework as the launchpad for digitizing B2B trade isn’t always going to suit enterprise needs. It’s not an unfounded strategy.

B2B 59

B2B B2C Checks Payment Reconciliation 59

PYMNTS

NOVEMBER 10, 2020

Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. For years, corporate treasurers and CFOs have operated in a batch payment world, grouping together high volumes of transactions to send via ACH or other legacy payment methods.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

PYMNTS

NOVEMBER 7, 2019

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

Cross-Border 40

Cross-Border B2B B2C Payments 40

PYMNTS

OCTOBER 6, 2020

At least insofar as 2020 has shaped up, and especially where B2B payments have been concerned. Those platforms make it easier for buyers and suppliers to transact in a “consumerized” manner that echoes the simplicity of B2C commerce today. Improving the B2B Customer Experience. “April is the cruelest month,” wrote TS Eliot.

B2B 84

B2B Treasury Cross-Border Checks 84

PYMNTS

AUGUST 14, 2020

Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. B2B eCommerce sales in the U.S. alone are expected to hit $1.2 trillion by 2021.

Treasury 118

Treasury Payment APIs and Integration B2B B2C 118

PYMNTS

DECEMBER 4, 2020

No matter what type of transaction is under discussion, whether it’s B2B or B2C, in the data-driven, post COVID-19 world, the expectations on both sides of every payment are changing. 25% : Share of B2B transactions handled by checks, ACH transfers and cash advances pre-COVID.

B2C 56

B2C ACH B2B On-Demand 56

PYMNTS

JUNE 18, 2019

Is it prime time for real time, especially for B2B? It’s a well-known fact, too, that corporate payments (the B2B kind) are ripe for digitization, and for a wholesale move away from the paper chase, where checks are still stubbornly tied to 50 percent of corporate transactions. Where We Stand In The US. RTP And RFP.

RTP 78

RTP P2P B2B RFP 78

PYMNTS

JANUARY 15, 2018

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency.

B2B 55

B2B Innovation Same Day ACH NACHA 55

Stax

JULY 9, 2024

This can include peer-to-peer payments, and business-to-business (B2B) or business-to-customer (B2C) transactions. ACH payments Another commonly used EFT payment type includes transactions conducted through the ACH network. There are two types of ACH transactions: ACH credit and ACH debit.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

APRIL 16, 2019

For B2B, it seems, the advent of the open API cannot come fast enough. In fact, as noted in the latest B2B API Tracker , a joint effort between PYMNTS and Red Hat , 25 percent of B2B transactions will occur through APIs by 2020. New applications should streamline those inefficiencies. In the U.S., Easier said than done.

API 71

API P2P B2B Payment APIs and Integration 71

PYMNTS

OCTOBER 21, 2019

FinTech business-to-business (B2B) payments firms that have achieved unicorn status? In an interview with Karen Webster, Matt Harris, partner with Bain Capital Ventures , delved into the challenges and opportunities that lie ahead for B2B firms as they seek to attract capital and evolve their business models. The General Landscape.

B2B 40

B2B Innovation B2C Real Time Payments 40

PYMNTS

NOVEMBER 16, 2016

Their partnership will allow financial institutions to offer real-time and same-day ACH payments as a white-labeled solution, reports said. Linked2pay pointed to B2B payments as a particular area that could see positive disruption from faster payments initiatives. The company said Tuesday (Nov.

Real Time Payments 71

Real Time Payments Remote Deposit Capture Same Day ACH ACH 71

PYMNTS

JUNE 29, 2018

B2B payments in the insurance industry suffer from many of the same challenges that other markets do: namely, check-based payments. But the market’s B2B payments practices present a tougher sell to make the switch from faster, electronic payment technologies, Peters told PYMNTS.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

OCTOBER 28, 2016

Whether through virtual payment technologies or faster payment initiatives, the B2B payments ecosystem has explored ways to accelerate the time it takes a buyer to pay its supplier. Others say late B2B payments are a reality, and instead, suppliers should access external financing to manage cash flow while they wait to get paid.

B2B 71

B2B Credit Cards Payments Same Day ACH 71

PYMNTS

FEBRUARY 16, 2018

While there’s been much hype surrounding venture capitalists’ growing attention on B2B FinTech, this year has largely been lackluster for the industry. This week, however, B2B startups enjoyed a solid moment of funding, as familiar names like Tipalti were joined by newcomers like Zervant to address an array of business finance needs.

B2B 49

B2B FinTech Blockchain ACH 49

PYMNTS

DECEMBER 18, 2020

If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) or enterprises ( B2B ). The value lies in offering payments anywhere, anytime, across a range of B2C and increasingly B2B use cases.

Economy 67

Economy API Payment APIs and Integration FedWire 67

PYMNTS

APRIL 10, 2020

“I think one of the largest reasons [insurers are still using checks] is because claim payments, the paying out of a claim, is [a] loss of money, and it is really hard for companies to focus or invest resources in a place in which you are losing money already,” Michele Schmitt, senior product manager for B2B insurance technology firm Tr?v

Technology 79

Technology Legal Checks B2C 79

Evolve Payment

JUNE 8, 2023

What About Commercial Cards for B2B Transactions? Some merchants hesitate to offer credit cards as a payment method for their B2B clients because of the high processing fees. B2B Merchants Get Paid Faster With Credit Cards A B2B credit card transaction is an extremely fast payment method.

Credit Cards 52

Credit Cards B2B Payments Commercial Card 52

PYMNTS

DECEMBER 3, 2020

It’s been well documented how reliant on paper checks B2B payments have been right up to and even into the pandemic — with a significant percentage of payments being done through those antiquated means. Those methods proved difficult to use, or even impossible to use, in the rapid shift to a work-from-home environment.

Mobile Payments 85

Mobile Payments Online and Mobile Banking Payments Issuers 85

PYMNTS

SEPTEMBER 2, 2016

With more than $83 million in venture capital and growth equity for B2B startups this week, the space is headed for a promising second half of the year. B2B Payments. Behalf focuses on the cash flow friction that can emerge from buyers paying their suppliers via check, cash-on-delivery and ACH. and elsewhere. and elsewhere.

B2B 40

B2B Cybersecurity B2C Finance 40

PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. That’s the dollar value of Same Day ACH transactions that NACHA saw across the network through the month of October.

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

MAY 13, 2020

With the restaurant industry so deeply rooted in the customer experience, Contardi noted that the B2B side of the market hasn’t quite followed suit with the B2C side when it comes to offering a better payments workflow. Dubbed AQ Pay , the feature allows businesses to pay for the equipment they procure directly on the platform.

B2B 52

B2B Credit Cards Payer B2C 52

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology. The issue is not limited to small businesses, though.

Process 61

Process Innovation Same Day ACH B2B 61

PYMNTS

NOVEMBER 6, 2019

6) what it calls the first global network for bank debit — a tool that could not only bring fresh energy to B2C-focused recurring payments, but B2B transactions as well. Merchants will also have the ability to receive payments from SEPA, Bacs and ACH, which will help businesses expand. B2B Potential.

B2C 40

B2C B2B Cross-Border ACH 40

Fintech Labs Insights

MAY 13, 2015

The ACH-based payments company is introducing two new innovations: Knox Assured and Knox Verified. Knox Payments is a payments and security service that allows merchants to conduct ACH payments. The post ACH-based Payments Innovator Knox Payments Presents Knox Asssured and Knox Verified appeared first on Finovate.

ACH 23

ACH Innovation B2C Payments 23

PYMNTS

JANUARY 21, 2021

They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Nacha — which governs the Automated Clearing House (ACH) in the U.S. —

Real Time Payments 92

Real Time Payments RTP P2P AI 92

PYMNTS

SEPTEMBER 4, 2018

Research from NACHA – The Electronic Payments Association found that only 6 percent of the nearly 2 million same-day ACH transactions made in the first 11 days of the service were B2B transactions.

Faster Payments 40

Faster Payments Same Day ACH Real Time Payments Treasury 40

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting. Customer Choice. Scale is required to innovate, but it’s not enough to have a better solution,” he said. Innovation Ahead.

Accounts 53

Accounts B2B End User Payer 53

PYMNTS

AUGUST 10, 2016

It’s already happening, said Clayton Moore, CEO and cofounder of NetCents, especially when it comes to ACH payments. Right now, they’re taking three to five days in clearing,” he said of ACH payments. NetCents isn’t the only company anticipating disruption to ACH payments by blockchain technology.

ACH 49

ACH Cross-Border Payments Cross-Border Blockchain 49

PYMNTS

DECEMBER 31, 2020

percent more B2C merchants than B2B merchants offer discounts, for example, and 11.1 percent more B2C merchants than B2B merchants allow their customers to rate products and write reviews. Key Data Points: Same-day ACH is used for only 29.2 Key Data Points: It takes only 78.5 percent and 20.3

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

MAY 6, 2019

In a P2P situation, a Venmo user can send money to a friend’s account, while a B2C transaction might involve a restaurant pushing payments to disburse wages to waitstaff, placing the funds directly onto employees’ prepaid debit cards or into their bank accounts. B2C push payments can deliver quick funds to consumers.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44