PYMNTS

OCTOBER 9, 2019

Subscription-based offerings can be key to helping business-to-consumer (B2C) companies establish long-running relationships and lock down more predictable revenue streams. GoCardless will enable American businesses to accept direct debit through ACH rails. The company recently launched a U.S. Read the full story in the Tracker.

B2C 56

B2C Credit Cards Cross-Border Payments 56

EBizCharge

MAY 15, 2024

Unlike business-to-consumer (B2C) payments , where customers pay businesses for goods and services, B2B payments involve one company making payments to another. Compared to B2C payments, B2B payments have a more tedious and complex process to go through. Another notable method of ACH payments is the electronic check or eCheck.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Nanonets

SEPTEMBER 28, 2023

There are a few different types of B2B payment solutions like Wire, ACH, Cheques, Credit Cards,  or Digital Payment methods. Business to business (B2B) payments are typically higher value and involve more complex transactions than B2C payments. ACH payments are cheaper to set up, but they can take a few days to clear.

B2B 52

B2B Wire Transfer ACH Wires 52

Nanonets

SEPTEMBER 28, 2023

There are a few different types of B2B payment solutions like Wire, ACH, Cheques, Credit Cards,  or Digital Payment methods. Business to business (B2B) payments are typically higher value and involve more complex transactions than B2C payments. ACH payments are cheaper to set up, but they can take a few days to clear.

B2B 52

B2B Wire Transfer ACH Wires 52

PYMNTS

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. “That’s the difficult part.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

SEPTEMBER 14, 2020

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 a small but fundamental difference in mindset between B2C and B2B digital transformation.". It is their job. noted King.

B2B 107

B2B B2C Checks Commercial Card 107

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. Meeting Corporate Buyer Demands. B2B eCommerce sales in the U.S. alone are expected to hit $1.2

Treasury 118

Treasury Payment APIs and Integration B2B B2C 118

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. B2B Drives ACH Volume Up. According to the latest stats, the ACH Network saw 6.8

Use Case 56

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

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

JANUARY 8, 2020

Yet, as Tony Horling, founder and CEO of InTu Mobility , recently told PYMNTS, mPOS technologies designed for business-to-consumer (B2C) payments won’t cut it for multibillion-dollar enterprises that need to accept B2B payments in the field. Benefits For Payers.

B2B 56

B2B Mobile Payments B2C Payments 56

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

APRIL 10, 2020

Institutions such as The Clearing House (TCH) and the Federal Reserve have also created payment networks that have made faster, digital payments a reality for business-to-business (B2B) and business-to-consumer (B2C) payment processes alike. We send claim payments through ACH,” Schmitt said.

Technology 79

Technology Legal Checks B2C 79

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

JANUARY 15, 2018

6 percent: the portion of same-day ACH volume that constituted B2B payments during the first 11 days of NACHA’s launch of the service. That means the remaining were B2C and P2P transactions, representing a major gap — and opportunity — for B2B FinTech, payment and API companies to step in and expand use of the faster payment service.

API 77

API B2B Same Day ACH Payment APIs and Integration 77

PYMNTS

JULY 10, 2020

Just as in other markets, eChecks, ACH, paper checks, wires and credit cards all come with their various benefits, as well as their pain points, from high processing fees to a lack of security. To solve for this, AeroPay recently launched its cannabis-targeting payments solution designed for both B2C and B2B payments.

B2B 84

B2B Innovation Non-Bank Payments 84

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

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 3, 2020

“The immediacy of lockdown earlier this year created an inability to create and process payments for receivables,” said Wood, who added that “pre-COVID, 25 percent of business transactions were checks, ACH transfers and even cash advances.”. As a result, he said, many firms pivoted quickly toward card payments.

Mobile Payments 85

Mobile Payments Online and Mobile Banking Payments Issuers 85

PYMNTS

JULY 16, 2020

Force-fitting a B2C-based eCommerce platform for a B2B sales context can mean a lack of payments features corporates need, like the ability to facilitate check transactions and establish custom payment terms. Payments workflows are a particularly large hurdle in this space. ”

B2B 59

B2B B2C Checks Payment Reconciliation 59

PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

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

JANUARY 19, 2021

Offering payment flexibility, whether it's support for purchase orders and payment terms, ACH, card payments or even PayPal, is critical to providing a positive customer experience. In this way, B2B eCommerce continues to look toward its B2C cousin, which has long been an experienced market in terms of loyalty initiatives.

B2B 110

B2B Payments Push-to-Card B2C 110

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.

B2C 40

B2C B2B Cross-Border ACH 40

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

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

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B 55

B2B Innovation Same Day ACH NACHA 55

PYMNTS

JUNE 18, 2019

to fully embrace real-time payments for both B2B and B2C activity.”. The rollout of Same Day ACH several years ago served to kick-start the process.”. It has the ability to replace not only checks, but cash, wire and ACH.”. Where We Stand In The US. She added, “The regulatory environment is different in the U.S. RTP And RFP.

RTP 78

RTP P2P B2B RFP 78

PYMNTS

JUNE 2, 2020

This month’s Deep Dive examines the factors affecting the nation’s more than $103 billion healthcare market and how digital B2C solutions can streamline the payments process. Healthcare providers, insurance companies and pharmaceutical manufacturers across the U.S. are thus looking for change and exploring ways to accelerate disbursements.

Real Time Payments 52

Real Time Payments Debit Card B2C Checks 52

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 Disbursement Satisfaction: Sizing The Choice Gap.

Innovation 111

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

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.

Process 61

Process Innovation Same Day ACH B2B 61

PYMNTS

FEBRUARY 16, 2018

While WeTravel primarily operates in the B2C payments space, the payments company — which enables entrepreneurs and small travel companies to accept and manage payments for group travel — recently told PYMNTS it is open to exploring an entrance in the corporate travel space as well. Corporate Travel.

B2B 49

B2B FinTech Blockchain ACH 49

PYMNTS

JUNE 18, 2019

to fully embrace real-time payments for both B2B and B2C activity,” Bottomline Technologies Vice President of Product Management and Strategic Solutions Jessica Cheney told PYMNTS in a recent interview , pointing to the previous rollout of Same-Day ACH and an acceleration of FinTech innovation in the country.

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47

PYMNTS

OCTOBER 21, 2019

The skewed flow of funds to the business-to-consumer (B2C) space comes amid a backdrop where valuations for domestic FinTech unicorns have been inflated. Thus far, the frictionless growth associated with B2C has been preferred to what he called the “grind it out, ROI-based sales model required of B2B.”. The General Landscape.

B2B 40

B2B Innovation B2C Real Time Payments 40

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. Boosting Buyer Experience Through Payments.

B2B 52

B2B Credit Cards Payer B2C 52

PYMNTS

JULY 5, 2019

Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. However, as check volumes are now on the decline, B2C companies are receiving payments from other channels, such as bill payment sites.

B2C 46

B2C Lockbox ACH IRS 46

Evolve Payment

JUNE 8, 2023

However, the B2B space continues to evolve and shift away from traditional B2B payment methods like eCheck and ACH payments towards commercial cards and virtual cards because of a few key reasons. Credit card payments generally clear faster than ACH payments and eCheck, which means the funds will appear in your merchant account sooner.

Credit Cards 52

Credit Cards B2B Payments Commercial Card 52