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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

PYMNTS

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
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A ‘Payment-Agnostic’ Approach To Accounts Payable

PYMNTS

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

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Mesh Eyes Virtual Cards For Global B2B Payments

PYMNTS

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
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NACHA Taps AeroPay Express As B2B Payments Partner

PYMNTS

As a Preferred Partner, AeroPay Express is part of a larger group that supports NACHA’s efforts to promote payments innovation. The group is focused on addressing issues like payments friction and access to cash flow, as well as security and risk management of ACH payments.

NACHA 49
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When B2B Payments Innovation Is All Talk, No Action

PYMNTS

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Use of faster payments technologies, too, remains limited in the B2B sphere.

B2B 55
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U.S. Bank On Helping Businesses Pick Faster Payment Options

PYMNTS

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. PYMNTS research found that microbusinesses say they are more likely to partner with payers that deliver rapid payment experiences. percent of payers said they offered them.

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Taking The Good Of B2C Payments ? And Leaving The Bad ? For B2B eCommerce

PYMNTS

According to Bourbier, B2B eCommerce platforms and their sellers want to be able to combine traditional and more nuanced payment technologies to meet a global buyer base. “When you’re a B2B seller, you want to combine the traditional way of being paid — which is ACH for the U.S., “But these are complex to reconcile.

B2C 40