Finovate

AUGUST 1, 2024

Founded in Tel Aviv, with offices throughout the globe, Monto seeks to help make ACH and RTP B2B payments collection as easy as tapping a card. As a starting point, the company is opening its first U.S. office in New York City.

B2B 105

B2B RTP Facilitators Payments 105

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. APIs and Data Integration.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

AUGUST 8, 2019

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.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

AUGUST 10, 2020

Digital payment tools and technologies have seen steady increases in adoption over the past several years, but legacy methods are still holding on in certain industries. Paper checks’ drawbacks for such payments have been evident for some time as they represent both a time-consuming and costly way to send out disbursements.

Checks 72

Checks ACH Venmo Volume 72

PYMNTS

NOVEMBER 27, 2020

Companies attempting to more transparently view their cash flows can no longer afford to spend time processing paper checks, and their use of digital payment tools has thus inched upward. Eighty-four percent indicated that they would utilize real-time payment services to power other technological innovations.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

JULY 31, 2019

Enabled by our integrated network of buyers and suppliers and a growing suite of partnerships and capabilities, American Express can provide digital payment tools and working capital that make it easy to pay suppliers anywhere in the world.

Automation 76

Automation Digital Payments Acquirers Payments 76

PYMNTS

NOVEMBER 2, 2020

At a high level, the collaborative approach involves buyers and suppliers using tech and payment tools — and a range of choices — to make commerce and payments more bilateral. If you want to originate on a card network, but pay out through an ACH network, let’s do it.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

JULY 16, 2020

” Mixing Payments Tools. As CFOs move forward in their payments digitization strategies, migrating away from paper checks is of utmost importance, particularly in today’s touchless world. . “[That vendor] is probably an ideal candidate for an ACH payment somewhere in the future.”

ACH 68

ACH Remittance Data Payments Strategy Payments Tools 68

PYMNTS

JANUARY 12, 2021

Adopting emerging instant payment tools that provide speed beyond simple digital methods, such as ACH disbursements, could attract customers who are frustrated with what they perceive to be the lending status quo. Instant Payments and the Millennial Push.

Instant Payments 95

Instant Payments Non-Bank Payments SWIFT 95

PYMNTS

JANUARY 21, 2021

Security is top-of-mind for many firms in the United States and appears to be affecting executives’ choices when determining which payment tools to use. financial executives say concerns regarding cybersecurity attacks and payments fraud are holding their organizations back from using digital payments to a greater degree.

Real Time Payments 92

Real Time Payments RTP P2P Faster Payments 92

PYMNTS

JULY 9, 2020

With its newest offering designed for legal cannabis businesses , AeroPay ‘s B2C and B2B payment tools aim to help companies in this market migrate away from manual and paper-based payment methods.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

Finovate

OCTOBER 15, 2024

Payfinia aims to help financial institutions access and establish ownership of their instant payments services. Tyfone launched its IPX platform in July 2023, in conjunction with the Federal Reserve’s FedNow instant payment service. Launching Payfinia will help Tyfone further build on the instant payments experience.

Instant Payments 52

Instant Payments FedNow Same Day ACH Federal Reserve 52

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 Cross-Border Commercial Card Cross-Border Payments 65

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

NOVEMBER 10, 2020

bank connections are an ideal complement to Mazooma's ACH processing platform, risk management features and compliance protocols," he added. The new payments tool is now available for deposits and withdrawals on BetMGM's cashier. Plaid's optimized user interface and U.S.

ACH 55

ACH ACH Processing Legal Payments 55

PYMNTS

AUGUST 10, 2016

Payments tech firm NetCents revealed a new partnership with The Vanbex Group , owners of blockchain payments tool Genisys, to help banks in Canada implement the distributed ledger technology. It’s already happening, said Clayton Moore, CEO and cofounder of NetCents, especially when it comes to ACH payments.

ACH 49

ACH Cross-Border Payments Blockchain Cross-Border 49

PYMNTS

SEPTEMBER 11, 2017

Even as B2B payments progresses toward digitization, paper checks stick around. Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. They need technology that supports straight-through processing instead, he noted.

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

JANUARY 23, 2020

State agencies handle disbursements for property refunds, public programs, taxes and more, and many are still clinging to paper checks as part of their processes, even as they adopt ACH or direct debit payments. The payment disbursement method varies from payee to payee,” Lyons said. What deters faster disbursements .

Checks 52

Checks Governance Government Tax Refunds 52

PYMNTS

JULY 2, 2020

. “You don’t have to look very far to see all the news around corporates — large and not-so-large — hoarding cash and delaying payments,” Leavitt told Karen Webster in an interview. “On the buyer side, utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument.”

Commercial Card 104

Commercial Card Push-to-Card B2B Card Issuer 104

PYMNTS

MAY 12, 2020

Paper checks have long been the bane of many accounts payable (AP) and accounts receivable (AR) departments, but the workflows associated with the payment method are familiar, and often even preferred. GreenBox POS Adds Same-Day ACH Support. It really minimizes the disruption.”. Eastern Standard Time, the company said.

B2B 52

B2B Same Day ACH FedNow Federal Reserve 52

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

JANUARY 15, 2018

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

B2B Innovation Same Day ACH NACHA 55

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

JUNE 2, 2020

The agency is seeing complaints from consumers who claim they are unable to see the status of their stimulus payments on the IRS’ website, with some stating they cannot find out if their money is on its way using the agency’s Get My Payment Tool. were processed via automated clearing house (ACH) methods.

IRS 82

IRS Checks Instant Payments Direct Deposit 82

PYMNTS

SEPTEMBER 14, 2018

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

NACHA B2B Payments Payer 49

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

MAY 3, 2017

Meanwhile, other companies are stepping up their investments in a variety of faster payment options, from blockchain-powered tools to P2P solutions to ACH. These investments in faster payments are focused on allowing the transfer of funds between parties to not only progress faster, but with greater efficiency and security.

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

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.

Payments Data 73

Payments Data Payments Reconciliation Commercial Card 73

PYMNTS

OCTOBER 4, 2017

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

Zelle 40

Zelle P2P Same Day ACH NACHA 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

DECEMBER 5, 2019

Among the most pervasive is that wire, ACH and check acceptance are free, whereas cards, and the interchange fees associated with them, are expensive — particularly when accepting those virtual card payments does not come with a corresponding acceleration of when payments are received. Delivering What Was Promised.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

DECEMBER 22, 2020

RPA and other intelligent tools like optical character recognition (OCA) are able to automatically capture data on paper or PDF invoices, extract that information, and input it into back-end systems — not only easing friction for AP departments' invoice processing, but accelerating payments for suppliers' AR operations, too.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

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

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

AUGUST 9, 2017

8) that it is rolling out an Integrated Payables application, a cloud-based, bank-agnostic tool that supports electronic payments in AP. The platform supports virtual accounts, ACH, network settlements, EFT and check payments and aims to boost transparency and control over supplier payments. million, up from $233.9

ACH Network 43

ACH Network B2B Reconciliation Volume 43

PYMNTS

DECEMBER 27, 2016

“While the commercial card industry continues to benefit from the ongoing shift away from cash and checks and the increase in purchase volume, vast opportunities still exist for growth in cards as payables tools,” said Steve Murphy, director of Mercator’s Commercial and Enterprise Payments Advisory Service.

Commercial Card 43

Commercial Card Card Issuer Issuers B2B 43