PYMNTS

JUNE 25, 2020

Boost Payment Solutions , a global provider of B2B payment technologies, announced a strategic collaboration with BMO Harris Bank on Thursday (June 25). The New York-based financial technology company has teamed with BMO Harris Bank to deliver integrated, automated processing for its corporate card customers.

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B2B Payment Solutions ACH Commercial Card 52

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

OCTOBER 11, 2016

Most obvious, and perhaps the biggest beast to tackle, is the fact that suppliers want to get paid as quickly as possible, but their buyers want just the opposite, to extend payment terms as long as possible. According to Moran, one way to approach the conflict is by choosing a strategic payment rail: ACH.

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ACH B2B Commercial Card ACH Network 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

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

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. Boost Highlights The Data Opportunity.

Commercial Card 53

Commercial Card Reconciliation Payments ACH 53

PYMNTS

APRIL 20, 2016

Digital payment solutions may be taking off in the AR department, but not all electronic payment tools are created equal. But it’s just a means to an end — that end being digital payments that can facilitate AR automation. The best way for suppliers to accept payment is ACH , argued the executive.

Commercial Card 40

Commercial Card ACH Push-to-Card Automation 40

PYMNTS

AUGUST 6, 2020

6) the rollout of its API-powered solution Foresight, a solution that enables banks and other FIs to move money in real time. In its announcement, Bottomline highlighted the enhanced payer experience, as well as the ability to reduce card fees for recipients, as key benefits of the solution.

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FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

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.

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

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.

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

DECEMBER 22, 2020

Technologies and payment solutions are finding the opportunity to multitask with solutions that, while initially focused on the corporate buyer, have now expanded to tackle friction for the supplier as well. Boost Gives Suppliers A Voice In Card Acceptance.

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Commercial Card B2B Legal Accounts 79

Stax

MARCH 14, 2024

Unlike B2C, where most transactions are simply taken at the point of sale using a credit card, debit card, or mobile payments from digital wallets, the types of payments for B2B companies can differ. ACH payments take up to three days to process and cost around 1% of the transaction with a $10 cap.

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B2B Process B2C Credit Cards 88

PYMNTS

DECEMBER 10, 2020

This week's look at the convergence of AR and AP explores the strategy of modernizing AR to drive electronic B2B payment behavior on the AP side. Plus, commercial cards dig their heels into adding value for both buyer and supplier. ImagineTime Talks Easing The Digital B2B Payments Migration.

Accounts 60

Accounts Commercial Card B2B Mitigation 60

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.

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B2B Same Day ACH ACH Commercial Card 65

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.

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B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

FEBRUARY 15, 2017

The commercial card space is anything but straightforward. For one, payments innovation has created an explosion in the types of cards businesses can use, from fleet cards to one-time-use virtual cards. “There is substantial untapped potential, given the size of the market. .

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Commercial Card Push-to-Card Innovation Card Issuer 48

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. Now, as Visa and Billtrust move to scale the solution , they’re doubling down on the concept of network connectivity.

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B2B Payments Wires Wire 110

PYMNTS

SEPTEMBER 12, 2019

The AFP’s report was released the same week a range of new electronic B2B payment tools were announced, the latest in a deluge of digital payment solutions emerging in recent years. 11), Mastercard announced a collaboration with blockchain company R3 to create a blockchain-based tool for cross-border B2B payments.

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AFP Checks ISO 20022 Cross-Border 51

PYMNTS

FEBRUARY 14, 2018

Beyond the stereotype of the piña colada on the beach and tropical climates, the Caribbean beckons as a hot spot for B2B payments through virtual commercial cards. All of this takes place against trillions of dollars of checks paid (no doubt readers of this space have seen our frequent exhortations to #killthecheck ).

B2B 40

B2B Visa Commercial Card Payment Solutions 40

PYMNTS

DECEMBER 4, 2017

The frictionless exchange of goods and services between trading partners is frictionless only insofar as payments themselves are seamless. Boost Payment Solutions is one company that seeks to bring electronic payments to the B2B realm, as both an acquirer and a FinTech with an exclusive focus on commercial credit cards.

B2B 40

B2B ACH Credit Cards Payments 40

PYMNTS

NOVEMBER 3, 2016

“Now, clients are actually receiving a revenue share for making a virtual payment — or even with ACH. The simplicity that comes with back-end reconciliation as they integrate with us to reconcile and track those payments, in many cases, has turned the AP shop into a profit center instead of an expense.” ” U.S.

Payments Data 73

Payments Data Payments Reconciliation Commercial Card 73

PYMNTS

JULY 28, 2020

The company estimates that by 2025 almost half of businesses will use digital payment systems to help with speed, reducing terms, financing and cross-border services. The new tool, called Payment Solutions for SYSPRO, aims to offer real-time credit card processing for sales order entry and invoicing within SYSPRO.

Cross-Border 56

Cross-Border Credit Cards EMV Encryption 56

PYMNTS

SEPTEMBER 23, 2019

Checks undeniably still play a role in corporate payments: PYMNTS and Mastercard found in their joint The B2B Payments Tipping Point report that checks remain the most common payment method both for making and receiving B2B payments, and surprisingly, satisfaction with checks is relatively high among surveyed corporates.

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B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

SEPTEMBER 18, 2018

Together, the companies will link TD Bank business customers to Paymode-X with Visa Payables Solutions, a tool to streamline payables that supports card, ACH and check payments in the accounts payable (AP) department. ” This is TD Bank’s latest FinTech collaboration targeting the corporate segment.

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FinTech B2B Treasury Treasury Management 62

PYMNTS

SEPTEMBER 17, 2019

“If you look at checks, ACH, wires or card-based payments, we in the industry were heavily focused on delivering solutions for the buy-side, which I think is critical,” Phalen explained. But just as importantly, we have to solve for the supply-side as well.”. Rethinking the Infrastructure.

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B2B Innovation Payer Cross-Border 52

PYMNTS

APRIL 21, 2020

In Mexico, the Interbank Electronic Payment System, also known as SPEI, is used to facilitate high-value bank-to-bank transfers and is therefore a key component to B2B payments solutions. “It’s similar to ACH but it’s not as accessible to everyone. .”

B2B 57

B2B Payer Payments Legal Framework 57

PYMNTS

MAY 5, 2016

Cross-border payments company Cambridge Global Payments has announced a new partner to enhance its B2B payment solutions, just weeks after announcing another collaboration with AP automation company Beanworks.

Global Payments 40

Global Payments Cross-Border Payments Cross-Border Wire Transfer 40

PYMNTS

JUNE 12, 2017

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies.

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Payer ACH FinTech Push-to-Card 60

PYMNTS

AUGUST 3, 2016

” According to Stephen Anderson, manager of business development for health care and education payment solutions with American Express, most hospital accounts payable operations remain manual. Payments players have similarly targeted the health care industry as of late. Former U.S.

Checks 40

Checks B2B NACHA Treasury Management 40

PYMNTS

APRIL 13, 2016

Between legacy tools like paper checks, contemporary solutions like ACH and potential emerging innovations like the blockchain, B2B payments are no longer stuck with their head in the sand when it comes to payments evolution. The conclusion was unsurprising: These preferences rarely match up, at least in the U.S.

Cross-Border 40

Cross-Border Payments B2B ACH 40

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

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

PYMNTS

DECEMBER 16, 2016

In many cases, they don’t have it, and in those cases, we see firms in the middle market embrace the third-party FinTech market” and their payments solutions. But a larger issue in bringing cards to middle-market firms as a product lies with the fact that many of these firms simply do not understand them, as it is a process.

Automation 61

Automation Payment APIs and Integration Process Gateways 61

PYMNTS

DECEMBER 30, 2019

This year, B2B payments technology made strides toward speed, transparency and efficiency as service providers took advantage of a massive market opportunity: corporates’ payment demands are growing more sophisticated, yet they continue to rely on checks and legacy tools. Beyond Legacy Payment Rails. Bank, MYOB and others.

Innovation 42

Innovation Cross-Border Commercial Card B2B 42

PYMNTS

OCTOBER 23, 2019

They can either build solutions that operate on top of existing rails, or they can build new rails from the ground up. Below, PYMNTS looks at the latest solutions that take one of those two paths as innovators address friction in checks, ACH and other rails. s first new payment rail since ACH launched in 1974.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

AUGUST 12, 2020

Rather, it is perhaps sometimes more valuable for payment technology companies to discover niches in which certain payment solutions can gain traction and bring the most efficiency. That’s been the strategy for B4B Payments , a U.K.-based ”

B2B 67

B2B Push-to-Card Direct Deposit Payments 67

PYMNTS

AUGUST 30, 2017

American Express is continuing its ongoing efforts to encourage businesses to pay suppliers with commercial cards in its latest accounts payable partnership. The credit card firm announced Tuesday (Aug. Users have access to virtual card capabilities from American Express, providing a single-use virtual card to pay bills.

Accounts 43

Accounts Commercial Card B2B Wire 43