PYMNTS

NOVEMBER 23, 2020

According to John Innes, CEO of ACH Processing Company , the complex flow of B2B payments in the healthcare space has several areas of opportunity to not only bring efficiency to the process, but actually provide financial relief to both payers, like third-party administrators (TPAs), and payees, like dental offices and private practices.

ACH Processing 77

ACH Processing Payer ACH Payee 77

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From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts.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

JUNE 24, 2019

In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made. and Europe.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

DECEMBER 24, 2020

Some payers had to limit the operations of their mailrooms. Insurance carriers that implement high-powered tools to boost claims processing could also trim frictions and accelerate the sector’s B2B payments. Without a solid [ERA] to match to EFT/ACH payments, many of the benefits are significantly diminished,” he said.

B2B 102

B2B Electronic Funds Transfer (EFT) Payments Payer 102

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Combine that with the finding that B2B payments are becoming increasingly complex, with two-thirds of respondents saying they originate payments with at least three banks.

Payer 60

Payer ACH FinTech Push-to-Card 60

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. What B2B Businesses Need. Benefits For Payers.

B2B 56

B2B Mobile Payments B2C Payments 56

PYMNTS

SEPTEMBER 29, 2020

The company’s cloud-based technology has created a contactless payment ecosystem that lets payers expediently and safely make payments to parties such as freight forwarders and maritime ports, according to the announcement.

Payment Networks 59

Payment Networks B2B Payer Payments 59

PYMNTS

AUGUST 7, 2020

With the new platform, cargo providers will have access to more convenient payment options like direct ACH debits, prefunded accounts or credit card payments, and will be able to deliver speedier payments and worry less about risk due to the more secure system, the press release says.

Security 102

Security B2B Payer Payments 102

PYMNTS

FEBRUARY 18, 2020

Unlike traditional B2B areas, where the supplier and customer have agreed upon pricing, and it is the exception when the payment amount does not equal the billed amount, “ he told PYMNTS, “it is standard practice in healthcare for a provider to bill one amount only to have the payer decide to pay a completely different amount.”.

B2B 52

B2B Faster Payments Payments ACH 52

PYMNTS

SEPTEMBER 17, 2019

However, while many believe B2B payments are stuck in the past, Kevin Phalen, the global head of Visa Business Solutions, has a more optimistic viewpoint. “I I would say we’re seeing the most change we’ve seen in this space in probably decades,” Phalen told Karen Webster as he opened this year’s PYMNTS B2B Payments Executive Forum.

B2B 52

B2B Innovation Payer Cross-Border 52

PYMNTS

SEPTEMBER 19, 2019

This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. It’s not as if firms lack interest in improving the speed of B2B payments. Among these new services, the top focus is real-time payments (55 percent), followed by same-day ACH (44 percent). B2B Payments Across Industries.

B2B 53

B2B Innovation Real Time Payments Same Day ACH 53

PYMNTS

JANUARY 28, 2020

This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those that have embraced the development of entirely new rails, including real-time payments (RTP) and blockchain-powered transactions. Same-Day Boosts ACH Adoption.

Same Day ACH 79

Same Day ACH RTP NACHA ACH 79

PYMNTS

SEPTEMBER 14, 2018

NACHA has tapped AeroPay Express as its newest Preferred Partner for B2B Electronic Payment Enablement, the organization said Thursday (Sept. The group is focused on addressing issues like payments friction and access to cash flow, as well as security and risk management of ACH payments.

NACHA 49

NACHA B2B Payments Payer 49

PYMNTS

OCTOBER 24, 2016

But late last week, Visa announced that it will be rolling out Visa B2B Connect, a platform for banks to make payments and settle funds across borders using Chain Core, the blockchain infrastructure developed by Chain. Ludwin argued that blockchain has a few steps up on other payment rails, like ACH.

Blockchain 77

Blockchain B2B Real Time Payments Payer 77

PYMNTS

APRIL 21, 2020

Since then, the mandate has been expanded, and today, all invoices, including those in B2B transactions, must be electronic. “Nobody will take your money unless it’s cash or secured by a bank-to-bank transaction,” he said, adding that for many payers, “cash is still king.”

B2B 57

B2B Payer Payments Legal Framework 57

PYMNTS

JULY 5, 2017

Meanwhile, ACH payments increased, with businesses sending an average of 29.8 According to the report, the value of ACH transfers and checks combined reached $148.5 According to the report, the value of ACH transfers and checks combined reached $148.5 checks a month in 2015, down from an average of 66 per month in 2000.

ACH 51

ACH Fed Checks Federal Reserve 51

PYMNTS

JANUARY 2, 2019

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

OCTOBER 29, 2020

Much innovation in B2B has been focused on getting rid of paper checks. But as Barry McCarthy , president and CEO of Deluxe , said in an interview with Karen Webster as part of the ongoing series on B2B payments, it’s going to take a while. In B2B, said McCarthy, “we’ve started on a rapid journey to the new frontier of digital.

Checks 78

Checks B2B Payments C2B 78

PYMNTS

SEPTEMBER 14, 2017

One exception may be in the T&E space, in which FinTechs are introducing ways for employees to make B2B payments and integrate transaction data into expense management systems, a reflection of the mobile nature of the traveling employee. In some ways, the app is a reflection of existing corporate payer needs.

B2B 55

B2B Payment APIs and Integration Due Diligence Payer 55

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. AscendantFX Eases Payment Instruction Hurdles. ”

B2B 52

B2B Payee Cross-Border Small Business 52

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. “I think everybody recognizes that B2B payments are an enormous opportunity in the U.S. The competition is undoubtedly heating up.

Automation 127

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

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

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

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. ”

B2B 65

B2B Commercial Card Cross-Border Cross-Border Payments 65

PYMNTS

OCTOBER 23, 2017

TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. It presents major opportunities in the B2B payments space, the executive of the corporate payments company added. That doesn’t mean B2B payers and payees should be complacent in sticking with the paper check, though.

B2B 45

B2B Payee ACH Payer 45

PYMNTS

OCTOBER 31, 2019

With FinTech innovation yielding more choices than ever for both billers and payers, cost often emerges as the key driver behind what solutions users adopt — both in the business-to-consumer (B2C) and business-to-business (B2B) context. Billing and payments are processes that touch the financial lives of every consumer and business.

B2B 41

B2B Transactions Payer B2C 41

PYMNTS

MARCH 29, 2018

This creates an interesting predicament for B2B payments disruptors: Should technology be used to make paper checks less friction-filled, or should it be used to entice businesses away from the paper check altogether? ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said.

Checks 43

Checks B2B ACH Payments 43

PYMNTS

APRIL 26, 2016

Cunningham spoke with PYMNTS about the endurance of the paper check in B2B payments and dropped a few other reality bombs on an industry challenged with achieving greater electronic payment adoption. We have a lot of clients that don’t want to get involved in the ACH space,” he said. That manifests in different ways.

Checks 40

Checks B2B ACH Remote Deposit Capture 40

PYMNTS

DECEMBER 23, 2019

But Scott Wolfe, CEO of Levelset (formerly known as Zlien), told PYMNTS that market fragmentation is holding up B2B cash flows, even as larger contractors or lenders want to disburse payments down the supply chain. Small businesses are the fabric of the construction industry,” he said. They’re also in the thick of these payment pains.

B2B 52

B2B Faster Payments Payments Payer 52

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

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

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. NACHA Notches ACH Growth. The most recent figures for ACH adoption released by NACHA were promising, with the ACH Network recording a 7.1

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

OCTOBER 1, 2018

In a press release, NACHA said that the partnership will align the efforts with both organizations to facilitate business-to-business (B2B) payments through development and deployment of a B2B payments and remittance directory. The] BPDA was formed to bring to market the B2B directory,” said Lawrence Buettner, BPDA chairman. “By

NACHA 56

NACHA Business Payments Payee ACH 56

PYMNTS

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. Providing payers with this information could make it easier for them to quickly and efficiently pay their suppliers.

B2B 40

B2B Federal Reserve Payee FedWire 40

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. But the reconciliation, security, payment terms and buyer-supplier relationship do not mean one size fits all for B2B transactions initiated on an eCommerce platform. “But these are complex to reconcile.

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

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 Direct Deposit 41

PYMNTS

JUNE 5, 2018

That includes corporates, too, as firms like PayPal press into the B2B payments and small business finance market – but they’re not always doing it alone. Working with PayPal, the company said, could ease friction for both payers and payees in the B2B payment process, encouraging firms to pay their vendors more quickly.

B2B 46

B2B PayPal Payments Payee 46