Remove ACH Remove B2C Remove Payment Reconciliation
article thumbnail

For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. For this reason, virtual cards are a rising star in B2B insurance payments, according to Peters. This remains a hurdle, probably, to why [ACH] is not ubiquitous.”

article thumbnail

Guide to B2B Payments: A Comprehensive Overview

Nanonets

In order to make these payments, businesses need to use a payment solution that is designed for B2B transactions. There are a few different types of B2B payment solutions like Wire, ACH, Cheques, Credit Cards,  or Digital Payment methods. They're fast, secure, and offer relatively low transaction fees.

B2B 52
article thumbnail

Guide to B2B Payments: A Comprehensive Overview

Nanonets

In order to make these payments, businesses need to use a payment solution that is designed for B2B transactions. There are a few different types of B2B payment solutions like Wire, ACH, Cheques, Credit Cards,  or Digital Payment methods. They're fast, secure, and offer relatively low transaction fees.

B2B 52
article thumbnail

Building A B2B eCommerce Strategy From The ERP-Up

PYMNTS

Payments workflows are a particularly large hurdle in this space. 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. . ”

B2B 59
article thumbnail

Make Electronic Payments Simpler: All you need to know

Nanonets

The transition from traditional paper-based modes of payment to electronic payment systems has occurred not only in personal life but also in the business sectors.  B2B  B2B and B2C transactions are moving rapidly into the ePayment domains. Cheque payments are limited by the amount of money in the bank account.  Many