PYMNTS

DECEMBER 8, 2017

Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Payments Rails is rewiring how business payments are sent around the world,” said the company’s co-founder and CEO Tim Nixon.

API 78

API Cross-Border Payments Payment APIs and Integration Cross-Border 78

Nanonets

SEPTEMBER 1, 2023

The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. However, these modern payment options require trade-offs between speed and costs.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Nanonets

SEPTEMBER 8, 2023

Ach and Wire are two of the most popular ways of money transfer in the United States. You will have to make a choice based on your personal or business requirements. What is ACH? This payment method is widely used to directly settle payroll, bills, and business-to-business payments.

Wire Transfer 52

Wire Transfer Wires Wire ACH 52

Stax

MARCH 14, 2024

Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. But what about in the business-to-business (B2B) sector? Industry data shows that the B2B payments landscape is rather diverse.

B2B 88

B2B Process B2C Credit Cards 88

EBizCharge

MAY 15, 2024

Business-to-business payments play a crucial role in commerce by allowing companies to process payments with each other using specific payment methods and key players to facilitate these transactions. Here we will dive into the prevalent B2B payment methods in today’s modern commerce.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

NOVEMBER 17, 2020

Does it do so by old-school wire transfer? Maybe ACH ? Or maybe even fast ACH? Matching the payment mechanism to the project has been a thorn in the side of global procurement since the days of the spice trade. Driving B2B Payments' Evolution. Relatively new procurement cards?

B2B 128

B2B Visa Cross-Border ACH 128

Fintech Finance

JANUARY 16, 2024

Thanks to benefits brought by AI-powered net terms assessment and financing, payment cost optimization, and AR automation, these products bring immediate opportunities for distributors, platforms, and B2B brands selling online to improve margins and drive growth. Tackling this problem required going beyond the point of purchase.

B2B 52

B2B Product Transactions Wire Processing 52

PYMNTS

AUGUST 11, 2020

That’s the crux of Visa ‘s and Billtrust ‘s strategy behind the Business Payments Network (BPN), their collaborative B2B payments solution. It’s driving rising adoption of the BPN, said Phalen, making the current market climate an opportune moment to expand the service to support more payment methods.

B2B 110

B2B Payments Wires Wire 110

PYMNTS

FEBRUARY 12, 2019

Metabank provides financial solutions to customers and businesses in what it considers niche and underserved markets, with a belief in financial inclusion for everyone. The Metabank payments platform also includes wire transfers, ACH origination and other payment services.

Faster Payments 58

Faster Payments Visa Tax Refunds ACH Origination 58

PYMNTS

OCTOBER 16, 2020

As for those limits: with so many executives working from home — and with the pressing need to run their businesses day in and day out — we’re in the new normal that demands a pivot to ACH, to (some) digital cards, to automation. Suppliers — at least some of them — have the power to influence payments change, Lane contended. “It

B2B 64

B2B Payments ACH Wires 64

Nanonets

MARCH 21, 2023

What is an ACH transfer? ACH (Automated Clearing House) payments are basically EFTs ( electronic fund transfers ) that use the ACH network to move funds between bank accounts in the United States. ACH is most commonly used for direct deposit of payroll, payment of bills, and business-to-business payments.

ACH 52

ACH RDFI ACH Network ODFI 52

PYMNTS

NOVEMBER 21, 2018

A few weeks later, in August, Basware announced the addition into its solution of NetworkPay, which supports B2B payments for companies receiving eInvoices via Basware. The solution supports invoice payments via check, ACH, virtual card and wire. Other Basware partners include AcceptEasy and Xerox.

B2B 51

B2B Push-to-Card Wires Wire 51

PYMNTS

NOVEMBER 1, 2017

Companies can pay vendors via check, ACH, virtual card or wire transfer, with the system integrating with bank and credit accounts for streamlined payment disbursement, the companies added. However, most businesses still follow ad hoc, risky, expensive processes to process and pay invoices from their international vendors.”.

Cross-Border 49

Cross-Border Wire Transfer Payments B2B 49

PYMNTS

AUGUST 14, 2018

“The invoiced order payment process is in effect starting today, August 8, 2018, although it may take longer to receive your first invoiced order due to the limited number of Amazon Business buyers qualified for Pay by Invoice,” the company wrote in a letter to sellers, according to eCommerce Bytes.

Risk Assessment 40

Risk Assessment Available Balance Wires Wire 40

PYMNTS

MARCH 18, 2019

Take two announcements from just last week, related to the evolution of faster payments in the U.S. 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. and one of two operators of the ACH network in the U.S.,

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

DECEMBER 4, 2017

When it comes to payments, old habits die hard. That proves especially true in business-to-business payments. How to streamline payments between buyers and suppliers who are unaware that new technology can significantly enhance operational efficiencies? Consider the $5 million payment representing 5,000 invoices.

B2B 40

B2B ACH Credit Cards Payments 40

PYMNTS

SEPTEMBER 19, 2019

This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers. With innovation comes new challenges.

B2B 53

B2B Innovation Real Time Payments Same Day ACH 53

PYMNTS

MAY 4, 2016

According to researchers, small businesses lost an average of more than $12,000 in 2015 due to back-office fraud. That can mean fraudulent payments made using a business credit card, a compromise of payroll systems or unauthorized ACH and wire transfers.

Security 41

Security Wire Transfer Small Business Wires 41

PYMNTS

JUNE 18, 2019

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.”. She added, “The regulatory environment is different in the U.S. Cheney maintained that “the sky is the limit with RTP. …

RTP 78

RTP P2P B2B RFP 78

PYMNTS

AUGUST 14, 2020

The companies are casting a broader net of collaborators, with the announcement that their Business Payments Network (BPN) is growing to include support for ACH and wire transactions in addition to card payments. The Clearing House On The Race for Real-Time Payments In The US.

Addressing 64

Addressing Verification FedNow Fed 64

PYMNTS

JANUARY 19, 2017

As more businesses leverage virtual cards to execute and reconcile their supplier payments, we team with payment providers like Nvoicepay to help make business payments as simple and straightforward as consumer payments,” stated Mastercard Senior Vice President of Commercial Products Eugene DeSilva in a statement released yesterday (Jan.

B2B 46

B2B Commercial Card Payments ACH 46

PYMNTS

DECEMBER 4, 2019

Another service provider looking to bypass existing rails in favor of blockchain is Diamante, whose corporate payment services aim to address the cross-border B2B payments friction of traditional wires. ” ACI Worldwide Joins Faster Payments Initiatives.

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

SEPTEMBER 14, 2017

For example, Mugford explained that the app, and the rest of AscendantFX’s services, can support an array of payment rails based on payer and payee preference. It’s whatever payment rail the user decides. The executive also noted that he agrees with concerns over security when it comes to mobile B2B payments for the enterprise.

B2B 55

B2B Payment APIs and Integration Due Diligence Payer 55

PYMNTS

APRIL 8, 2020

Angrick highlighted the importance of a solution like AllSurplus that not only facilitates the actual listing and auction process, but also manages the payment. A buyer can send funds to AllSurplus via wire, ACH, card or PayPal, with those funds not released to the seller until the buyer receives the item and confirms the purchase was valid.

Small Business 69

Small Business B2B Facilitators Wires 69

Nanonets

MARCH 27, 2024

ACH vs. Wire Transfer A quick note before moving forward – most legacy international payment solutions were either via ACH or wire transfer. Wire transfers tend to be used for large transactions and support currency exchange, but also typically have high fees.

International Payments 52

International Payments Wire Transfer Cross-Border Wires 52

PYMNTS

NOVEMBER 15, 2017

During the presentation, Theien noted that we are still moving 18 billion paper checks around this country every year – and the goal, of course, is to move away from paper-based processes and convert the “last mile” of payments to digital formats. .

Fed 44

Fed Faster Payments Federal Reserve ISO 20022 44

PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. ACH Gets A Boost In The Public Sector. “Doing business with banks is really slow.”

Innovation 73

Innovation Global Payments Cross-Border ACH 73

Nanonets

APRIL 7, 2023

Looking to make business payments easier and more efficient ? Online banking systems that provide easy-to-use browser-based access to account information and transaction initiation, including Bill Pay, Wire Transfers, and electronic payments via the Automated Clearing House (ACH). Schedule a Demo

Treasury Management 98

Treasury Management Treasury Due Diligence Wire Transfer 98

PYMNTS

OCTOBER 20, 2020

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. Acceptance rates hover in the mid-single-digit percentage rates.

B2B 104

B2B Online and Mobile Banking Payments Treasury 104

Nanonets

MARCH 20, 2023

Categorizing and coding transactions based on business rules. Making payments across 45+ currencies globally, using ACH, card or wires. Appropriate automated GL coding is enabled using filters, and multi-way match processes are factored before approvals. Reconciling all transactions.

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

PYMNTS

JUNE 6, 2019

Enter integrated payables — which, done well, offer one way to mitigate the struggles of unnecessary costs, inefficiencies and fraud risks in business payments. True integrated payables, however, incorporate all payment types — including virtual card, ACH, check and wire — into a single, streamlined payment process.

ACH 71

ACH Automation Checks Authentication 71

PYMNTS

AUGUST 30, 2017

American Express is committed to providing holistic business-to-business payments solutions that meet the needs of our corporate clients,” said Gint Balodis, American Express global commercial payments vice president for B2B products, in a statement.

Accounts 43

Accounts Commercial Card B2B Wires 43

PYMNTS

DECEMBER 30, 2019

Below, PYMNTS explores the biggest B2B payments stories of 2019. Beyond Legacy Payment Rails. Payments innovation this past year not only embraced overlay technologies to enhance existing payment rails like cards and ACH.

Innovation 42

Innovation Cross-Border Commercial Card B2B 42