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

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

AUGUST 10, 2020

The solution was an important step in helping businesses embrace digital B2B payments, particularly when it comes to adoption of virtual and physical commercial cards. adding support for ACH and wire transactions. BPN addressed that pain point with commercial cards as key players like Visa and J.P. On Monday (Aug.

Wire 49

Wire Wires ACH Payment Networks 49

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

OCTOBER 11, 2016

According to Moran, one way to approach the conflict is by choosing a strategic payment rail: ACH. ” It’s why Moran considers ACH the best payment rail in B2B payments. But ACH is already a top rail for B2B payments: NACHA released figures earlier this year that found $41.6 That in itself, however, is a challenge.

ACH 75

ACH B2B Commercial Card ACH Network 75

PYMNTS

DECEMBER 3, 2020

In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance. Visa To Use Card Rails For Digital Currency B2B Payments.

B2B 88

B2B NACHA Innovation Nacha Operating Rules 88

PYMNTS

SEPTEMBER 10, 2018

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. “In corporate America, people are not just eight-to-five,” she said.

Commercial Card 40

Commercial Card Payer Reconciliation B2B 40

PYMNTS

SEPTEMBER 2, 2019

Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. Elevating the Commercial Card.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

SEPTEMBER 5, 2019

Commercial and consumer cards issued in the U.S. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 Consumer card spending was $4.74 Visa ’s commercial card was 43.2 generated $6.13

Commercial Card 75

Commercial Card Cross-Border Visa Issuers 75

PYMNTS

DECEMBER 5, 2019

Initially, this came in the form of purchase cards that gave managers the ability to allow their employees to make purchases on behalf of their companies, from office supplies to travel and expense spending. 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

DECEMBER 12, 2018

ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. Accounts receivable executives told researchers that they anticipate ACH to make up 45 percent of the payments they receive by 2020, while checks will decline to 34 percent.

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

APRIL 20, 2016

The best way for suppliers to accept payment is ACH , argued the executive. For the supplier side, ACH is a no-brainer,” he stated, pointing to the flat transaction costs and the speed with which the payment clears. What will have a bigger impact, he claimed, is this continuing shift from paper check, to card payments, to ACH.

Commercial Card 40

Commercial Card ACH Push-to-Card Same Day ACH 40

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service.

Commercial Card 53

Commercial Card Reconciliation Payments ACH 53

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

FEBRUARY 20, 2019

20) that UMB will begin offering Bottomline’s Paymode-X solution, integrated with Visa Payables, for business customers, allowing companies to pay their own suppliers with virtual cards as well as checks and ACH. In a press release sent to PYMNTS, the companies announced Wednesday (Feb.

Commercial Card 53

Commercial Card ACH Enrollments Treasury 53

PYMNTS

NOVEMBER 17, 2020

is partnering with Global Healthcare Exchange (GHX) to help healthcare organizations pay suppliers with commercial cards, Boost announced today (Nov. Commercial cards have become an effective cash management solution, especially during the pandemic’s disruptive effects on how organizations choose to pay and hold cash.

Payment Solutions 52

Payment Solutions Commercial Card Payments Wire 52

PYMNTS

AUGUST 6, 2020

The company highlighted the friction of the legacy ACH rail that can slow down transaction speeds, noting that its technology adds pre-authorization to ACH debit transactions and enables FIs to predict funds ability using intelligence technology. Plaid, Galileo Boost ACH Efficiency. Morgan Enhances Virtual Cards Via Marqeta.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

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. “A massive bright light has begun to shine on [the timing of payments] process.”.

Commercial Card 82

Commercial Card Push-to-Card Lockbox Wire 82

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

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

JULY 31, 2020

A Commercial Card Strategy. When it comes to commercial card processing specifically, payment processors aren’t always going to offer Level II and III data capture, either, a vital component that lowers interchange fees for suppliers, removing one of the biggest barriers for card acceptance in B2B trade.

B2B 95

B2B Process Commercial Card Processors 95

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.”. In all, more than 3.3

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

APRIL 2, 2020

Other banks and B2B FinTechs, meanwhile, have found additional ways to wield the power of the commercial card this week. PYMNTS rounds up the latest in commercial card innovation below. Comdata Fuel Cards Facilitate Factoring. .” Brex Offers Work-From-Home Rewards.

Commercial Card 65

Commercial Card Small Business Debit Card Credit Cards 65

PYMNTS

SEPTEMBER 26, 2016

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. The data makes that glaringly clear. Speed, for instance, is a strategic factor.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

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. But in an interview with Karen Webster, Dean M.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

Tearsheet

OCTOBER 2, 2024

This persistence of traditional methods, even with established options like ACH and the growing adoption of virtual cards, indicates both challenges and opportunities in the modernization of B2B financial operations. The payment solution originates as a virtual card but settles as an ACH to their suppliers.

B2B 59

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

PYMNTS

APRIL 9, 2020

With Visa and Mastercard each having made significant investments to capture more of the SMB segment through an array of payment rails, including card, ACH, and proprietary networks, SWIFT is joining a competitive landscape that aims to overhaul the payment rail status quo. Sila Raises Funding to Nix ACH.

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

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

JULY 9, 2020

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. It’s a mixing of payment rails that aims to overcome one of the largest barriers to commercial card adoption. InstaReM Expands BizPay.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

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 Commercial Card Distributed Ledger Technology (DLT) 75

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. “But in the cross-border space, it’s a different ball game.”

B2B 65

B2B Commercial Card Cross-Border Cross-Border Payments 65

PYMNTS

DECEMBER 2, 2020

Witness the rise of commercial card products and rebates over the past several decades, where Aquilina said “the focus really generated heat around the buyer and the cardholder that was absolutely not matched by banks on the supplier or merchant side.”. Suppliers have been pretty much forced to accept cards.

B2B 79

B2B Innovation Commercial Card Push-to-Card 79

Fintech Finance

NOVEMBER 14, 2024

Virtual Mobile Wallet Commercial Cards: Santander was the first financial institution in the U.S. to offer clients mobile virtual cards. Biller Express: A client-branded electronic bill and invoice presentment and payment capability designed to enable end-customers to initiate one time and recurring ACH and card payments.

Online and Mobile Banking 52

Online and Mobile Banking Product Cash Management Treasury 52

PYMNTS

SEPTEMBER 11, 2017

Analysts and industry players generally have their bets set on ACH to help guide accounts payable toward electronic payments, and indeed, research suspects ACH payments will finally surpass paper checks in corporate payments (the Federal Reserve’s latest data found it already has).

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

DECEMBER 10, 2020

Plus, commercial cards dig their heels into adding value for both buyer and supplier. Accounts payable automation solution provider Tipalti recently revealed its tie-up with Plastiq in an initiative designed to mitigate the friction suppliers face in accepting cards. CardUp Wields Unused Commercial Card Credit.

Accounts 60

Accounts Commercial Card B2B Mitigation 60

PYMNTS

MARCH 6, 2018

Commercial cards make up just a fraction of the supplier payments space, but the rise in virtual card technology – and the efficiency and security that come along with it – could help card issuers grab a larger slice of the B2B payments market. Virtual cards are the true proxy for payment,” he said.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

MAY 13, 2020

As commercial card transaction volumes climb, two of the industry’s biggest players – Visa and Mastercard – have each announced new solutions designed to enhance the payment experience for corporates. will first utilize card payment rails.

Commercial Card 52

Commercial Card Contactless Payments Visa Reconciliation 52