Tearsheet

OCTOBER 2, 2024

Morgan as an early adopter for its B2B virtual card offering. To discuss this development and its implications for the B2B payments sector, we spoke with two key figures: Stephen Markwell, Head of Product Strategy and FinTech Partnerships for Global Banking at J.P. This partnership comes at a significant time for B2B payments.

B2B 59

B2B Checks Payment APIs and Integration Push-to-Card 59

PYMNTS

OCTOBER 26, 2018

Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Businesses increased their spend on commercial cards by 24 percent in 2017, Citi’s analysis found. Overall, B2B spending jumped by nearly 50 percent last year.

ACH 79

ACH Commercial Card Correspondent Treasury 79

PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Commercial Card 53

Commercial Card Card Issuer Issuers B2B 53

PYMNTS

JULY 31, 2020

In the midst of a surge of new software solutions and FinTech platforms available to B2B companies, the enterprise resource planning (ERP) system continues to retain its reputation as the single source of truth within an organization, a sort of motherboard to connect and streamline many workflows into one. A Commercial Card Strategy.

B2B 95

B2B Process Commercial Card Processors 95

PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

B2C 118

B2C B2B Innovation FinTech 118

PYMNTS

FEBRUARY 11, 2020

The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.

B2B 89

B2B Same Day ACH NACHA ACH 89

PYMNTS

DECEMBER 27, 2016

Commercial cards have struggled to gain widespread adoption in B2B payments, and new research from Mercator Advisory Group aims to explain why — and how to overcome those adoption barriers. But corporate buyers often prefer cards to obtain rewards points.

Commercial Card 43

Commercial Card Card Issuer Issuers B2B 43

PYMNTS

DECEMBER 2, 2020

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other. Aquilina said that’s partly because historically, B2B payments innovation efforts — especially via FinTechs — have focused on buyers. Change Is In The Air .

B2B 79

B2B Innovation Commercial Card Push-to-Card 79

PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

PYMNTS

DECEMBER 29, 2020

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. B2B payments are messier than B2C payments," said Chanda. Empowering Finance Professionals.

B2B 114

B2B Reconciliation Payments Automation 114

PYMNTS

JANUARY 2, 2019

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Yet, 2018 was certainly a big year for commercial cards, and for credit card giants’ B2B payments aspirations overall. Visa Acquires Fraedom.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

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. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. An Ecosystem Approach.

B2B 110

B2B Payments Wires Wire 110

PYMNTS

AUGUST 10, 2020

When B2B order-to-cash technology provider Billtrust announced the launch of its Business Payments Network (BPN) in late-2018, it was a solution designed to tackle one of the largest hurdles in B2B payments that remains today: managing all of the data and workflows required to achieve transaction success. On Monday (Aug.

Wires 49

Wires Wire ACH Payment Networks 49

PYMNTS

SEPTEMBER 14, 2020

"The Amazon experience" is now a worn-out catchphrase in the world of B2B eCommerce. But B2B eCommerce is not the same beast as B2C. The core difference between B2B and B2C is that in B2B, the individual researching and buying has a job to do,” King said. It's also accelerated the digitization of B2B sales.

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B2B B2C Checks Commercial Card 107

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments.

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B2B Commercial Card Cross-Border Cross-Border Payments 65

PYMNTS

NOVEMBER 15, 2019

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner. ” Recognizing Commercial Card Advantages.

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

SEPTEMBER 22, 2020

In the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space. But we’ve focused on finding new areas of spend for buyers to utilize their cards,” Leavitt noted.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

OCTOBER 11, 2016

When Sourcery launched, CEO Na’ama Moran said there was a bit of a chicken-and-egg issue: She wanted the company to become a holistic B2B payments player, but should it begin with accounts receivable or accounts payable? According to Moran, one way to approach the conflict is by choosing a strategic payment rail: ACH.

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ACH B2B Commercial Card ACH Network 75

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. The Coexistence Of Rails. Often, that means the cooperation of multiple rails at once.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

SEPTEMBER 26, 2016

From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment. Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Onyx Rolls Out Virtual Card Tech For Hospitality Sector.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

PYMNTS

SEPTEMBER 2, 2019

For B2B payments, this summer was a season of technological progress. percent) express satisfaction with using virtual cards to settle invoices. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. Boost Payment Solutions is teaming with Visa for commercial payments acceptance, while EE is joining forces with Square to help U.K. Nacha Adopts Eight ACH Payment Updates.

Contactless Payments 96

Contactless Payments Innovation NACHA Nacha Operating Rules 96

PYMNTS

SEPTEMBER 11, 2017

Even as B2B payments progresses toward digitization, paper checks stick around. Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. Research from NACHA found accounts receivable professionals expect cards to account for 12.5

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

DECEMBER 12, 2018

In the constant fight against paper, service providers have been tackling the paper check in B2B payments for several years, with minimal success. ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. “Folks do not want to sign up for ACH. .

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

AUGUST 12, 2020

When it comes to B2B payments, plenty of pain points also mean plenty of opportunity for solution providers, although no single payment technology could possible combat every B2B payment challenge today. based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools.

B2B 67

B2B Push-to-Card Direct Deposit Payments 67

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

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. As part of the ongoing B2B Payments PYMNTS TV programming, Alan Koenigsberg , global head of new payment flows at Visa New Business Solutions, and five panelists weighed in on how business payment flows can be redefined.

B2B 104

B2B Online and Mobile Banking Payments Treasury 104

PYMNTS

OCTOBER 23, 2019

It’s the reason why paper checks remain a constant in B2B payments: Although businesses may not particularly like them, organizations already know how to send, receive and reconcile them. B2B innovators have a choice when they decide to search for a better way to move money between corporates. Work With What You’ve Got.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

SEPTEMBER 10, 2018

Financial service providers looking to enhance B2B payments offerings must turn their attention to the user experience. That focus led UMB to recently announce a partnership with Fraedom , a deal that sees UMB’s corporate customers being migrated to the Fraedom expense management platform linked to commercial cards.

Commercial Card 40

Commercial Card Payer Reconciliation B2B 40

PYMNTS

DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. Leavitt says suppliers are indeed more difficult than buyers to convince of commercial cards’ value proposition.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

JULY 9, 2020

This week’s examination of the latest initiatives to target B2B payments friction from the ground up finds a mix of strategies. With its solution designed to address friction in supplier commercial card acceptance, Nium ‘s InstaReM brand announced the expansion of BizPay into a new market: Australia.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. Boost Gives Suppliers A Voice In Card Acceptance. CardUp Eases Card Adoption In Asia.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. NACHA said 43.2

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

OCTOBER 5, 2016

Their partnership will create a platform in which Visa’s Payables solutions and card technology integrates into MineralTree’s AP management tool and will be offered to financial institutions so they can support their own corporate clients’ commercial card payment needs.

Accounts 73

Accounts Commercial Card Push-to-Card ACH 73

PYMNTS

OCTOBER 23, 2020

Leavitt told PYMNTS a big reason behind the resistance of commercial card use and acceptance has been a lack of understanding or knowledge about the true value of commercial cards as an alternative payment method. Consider the hypothetical example of a $15 million monthly B2B payment that contains 5,000 invoices.

Commercial Card 82

Commercial Card Push-to-Card Lockbox Wires 82