PYMNTS

APRIL 20, 2016

Digital payment solutions may be taking off in the AR department, but not all electronic payment tools are created equal. Even more traditional payment tools, like credit cards, don’t have a high enough corporate value for suppliers, he added. But, I think, ACH will be the destination.”.

Commercial Card 40

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

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

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.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

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. CardUp Eases Card Adoption In Asia.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

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 23, 2020

Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Comdata Digitizes Legacy Fleet Payment Tool. Embracing the virtual card opportunity is Comdata, a FLEETCOR company, which announced last week the rollout of Virtual Comchek.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

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

NOVEMBER 3, 2016

Bank Senior Vice President of Corporate Payments Robert Kaufman, is that there are so many versions of these accounting platforms and so many ways to customize them that ensuring B2B payments tools integrate properly isn’t a sure bet. ” U.S. But it’s just one technology of many.

Payments Data 73

Payments Data Payments Commercial Card Reconciliation 73

PYMNTS

MARCH 22, 2016

Further, researchers found that the businesses least in need of going digital — the companies already making a low percentage of their B2B payments with checks — are taking the most aggressive approach to implementing electronic payment tools. That means 55 percent are content sticking to paper and manual payments.

Checks 40

Checks Commercial Card ACH Electronic Payment Processing 40

PYMNTS

MARCH 18, 2016

Banks need modern infrastructure, but instead of overhauling their pipelines internally, financial institutions have begun striking strategic partnerships with FinTech and payments innovators. Banks find it expensive to serve the bill payment needs of small businesses because so many of the payments have to be sent via check,” Kriplani said.

Compromise 40

Compromise B2B ACH Commercial Card 40

PYMNTS

SEPTEMBER 12, 2019

It’s a stark contrast from its historical high of 81 percent in 2004, analysts noted, and suggests checks are steadily declining within corporate payments. 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.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

MARCH 17, 2017

Their collaboration , announced Thursday (March 16), will see OnPay’s payment automation services integrated into Nivo1’s AP Express accounts payable platform, enabling AP Express to act as an end-to-end platform for corporate clients to manage and pay invoices straight from the platform using OnPayConnect.

Technology 40

Technology Commercial Card Wires Wire 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.

Payer 60

Payer ACH FinTech Push-to-Card 60

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.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

DECEMBER 5, 2019

With the average invoice taking more than eight days for processing, companies can struggle to act quickly enough to secure those early payment discount opportunities before it’s too late, not to mention help companies avoid late payment fees.

Accounts 40

Accounts Automation Commercial Card CHIPS 40

PYMNTS

MARCH 6, 2019

In the area of commercial and virtual cards, for instance, connecting corporate buyers with a card solution they can integrate into their AP processes is nice. However, it doesn’t address one of the most significant barriers to commercial card adoption: supplier acceptance.

B2B 56

B2B Addressing ACH Operations ACH Operator 56

PYMNTS

DECEMBER 23, 2019

That’s where Levelset operates, and while Wolfe said the company isn’t not interested in enabling the actual payment to occur within its platform, the company will continue to focus its efforts on removing those pre-transaction barriers to getting subcontractors paid more quickly.

B2B 52

B2B Faster Payments Payments Payer 52

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. No solution is exactly the same.”.

Cross-Border 40

Cross-Border Payments B2B ACH 40

PYMNTS

JULY 21, 2020

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. OnPay Talks V-Card Adoption. Rather, v-cards must play a part in a collective ecosystem of a range of payment tools.

Commercial Card 70

Commercial Card B2B Payer Transactions 70