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

DECEMBER 29, 2020

But even if a business is sending ACH or accepting commercial card transactions, the processes and workflows associated with a B2B transaction remain complex, and they often cannot be remedied solely by adopting electronic payment methods.

B2B 114

B2B Reconciliation Payments Automation 114

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. This has particularly importance today, as fewer people are interested in touching devices and cards at the point of sale.

Commercial Card 52

Commercial Card Contactless Payments Visa Reconciliation 52

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

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

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

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

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. According to the companies, the solution can also support batch payments with automated reconciliation and data entry.

Accounts 43

Accounts Commercial Card B2B Wires 43

PYMNTS

AUGUST 11, 2020

With the announcement that BPN is expanding to include support for ACH and wire transactions as well as card payments, Visa and Billtrust are casting a wider net of collaborators. Now, as Visa and Billtrust move to scale the solution , they’re doubling down on the concept of network connectivity.

B2B 110

B2B Payments Wire Wires 110

PYMNTS

DECEMBER 30, 2019

Commercial card technology was a particularly bright spot of 2019, with industry giants including Visa, Mastercard and JPMorgan embracing the ability for commercial and virtual cards to step into the accounts payable department. Below, PYMNTS explores the biggest B2B payments stories of 2019. Beyond Legacy Payment Rails.

Innovation 42

Innovation Cross-Border Commercial Card B2B 42

PYMNTS

NOVEMBER 3, 2016

. “It’s not only the cost savings of having to print and mail checks and reconciliation pains that go into that existing process,” he said. “Now, clients are actually receiving a revenue share for making a virtual payment — or even with ACH. ” U.S. But it’s just one technology of many.

Payments Data 73

Payments Data Payments Reconciliation Commercial Card 73

PYMNTS

DECEMBER 11, 2020

Electronic payments options offer providers a choice among ACH payments, Visa commercial cards or digital checks. In terms of mechanics, payers upload check batch files which are, in turn, digitized by MPX and sent to providers, which now number more than 160,000 across its network.

Payer 67

Payer Checks Push-to-Card Commercial Card 67

PYMNTS

JANUARY 19, 2017

A recent study by Receivable Savvy found that 63 percent of suppliers prefer to be paid electronically, though not necessarily via commercial card. Indeed, Nvoicepay’s Friede is a fan of commercial cards and of the virtual card in particular. Obviously, cards are more expensive to accept than ACH.

B2B 46

B2B Commercial Card Payments ACH 46

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. These are the most common: 1.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

OCTOBER 22, 2019

Together, the latest in AP solutions reflect the growing emphasis on how AP processes affect payees and billers, including corporate suppliers, as well as AP’s opportunity to support vendors via faster payments, easier payment acceptance, reconciliation and data connectivity. Bank of America Optimizes Payment Choice.

Payer 40

Payer B2B Commercial Card Faster Payments 40

PYMNTS

SEPTEMBER 23, 2019

While there may be some debate over ISO 20022’s compatibility with APIs, as PYMNTS’ August 2019 Faster Payments Tracker notes, the standard can enable banks to offer faster, more transparent global payment services to corporate clients — while also connecting them with essential transaction data for reconciliation and analysis purposes.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

OCTOBER 20, 2020

Panelists included Jay Dearborn, president at WEX Corporate Payments; Greg Bloh, CEO at Transcard; Muhammad Chbib, CEO at Tradeling; Simon Barker, CEO at Conferma Pay; and Brad Garfield, head of product for commercial cards and comprehensive payables in global transaction services at Bank of America.

B2B 104

B2B Online and Mobile Banking Payments Treasury 104

PYMNTS

DECEMBER 4, 2017

Leavitt, founder and CEO of Boost, told PYMNTS the firm is out to set (and be) the standard for B2B payments, encouraging the migration away from outdated methods like paper checks , wires and traditional ACH transfers. Those, Leavitt said, are the four key factors suppliers typically analyze when considering commercial card acceptance. “It

B2B 40

B2B ACH Credit Cards Payments 40

PYMNTS

JULY 16, 2020

. “By integrating the payments and eCommerce with the ERP, it’s going to allow businesses to effectively drive online revenues as well as improve payment processing and time of payment,” said George, adding that Aptean supports real-time invoice and payments reconciliation as a result of that ERP connectivity.

B2B 59

B2B B2C Checks Payment Reconciliation 59

PYMNTS

DECEMBER 30, 2020

Yes, many organizations shifted the needle away from the paper check toward ePayment tools like commercial cards and ACH as a result of necessity. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

JANUARY 20, 2017

By their very nature, virtual cards are controlled, he explained, because they are single-use accounts and have the ability for payments thresholds to be set, as well as very defined criteria as to who the payments can be made to. This type of control also helps from both a reconciliation and fraud prevention standpoint.

Visa 44

Visa Innovation Payments Push-to-Card 44

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. Boost Enables STP For Corporate Cards. SAP ERP Integrates With ezyCollect.

Commercial Card 70

Commercial Card B2B Payer Transactions 70

PYMNTS

NOVEMBER 21, 2017

Many of these hurdles, researchers noted, can be attributed to the fact that SMBs use an array of payment methods, often complicating payment tracking and reconciliation. Interestingly, use of personal credit cards and PayPal surpassed usage of ACH and other direct transfer methods, the report found. “A

Visa 43

Visa B2B Credit Cards Small Business 43

PYMNTS

AUGUST 15, 2018

The tool supports ACH and commercial card payments. Corporate customers can view their invoices, payments and credits on mobile phones and tablets, as well as set up their wallets and pay invoices via the app.

Accounts 40

Accounts Online and Mobile Banking Commercial Card ACH 40