PYMNTS

DECEMBER 5, 2019

Many of those pain points are, by now, well-known in the B2B payments space. Ingvoldstad highlighted top hurdles in employee spending, pointing to the “inconvenience” professionals face when employees are forced to use their personal cash and cards to make payments while on the clock, only to wait weeks for reimbursement.

Business Payments 52

Business Payments Payer Payments B2B 52

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2B payments, however, remains limited — but in the U.K., A B2B Opportunity.

Payment Initiation 60

Payment Initiation B2B Online and Mobile Banking Small Business 60

PYMNTS

SEPTEMBER 14, 2017

The enterprise has been a bit skeptical about mobile payments. One exception may be in the T&E space, in which FinTechs are introducing ways for employees to make B2B payments and integrate transaction data into expense management systems, a reflection of the mobile nature of the traveling employee.

B2B 55

B2B Payment APIs and Integration Due Diligence Payer 55

PYMNTS

SEPTEMBER 19, 2019

This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers. B2B Payments Across Industries.

B2B 53

B2B Innovation Real Time Payments Same Day ACH 53

PYMNTS

AUGUST 3, 2018

Discover Financial Services is pushing for digitization of B2B payments in the U.S. through a collaboration with the Business Payments Directory Association (BPDA), according to a press release. for B2B transactions. In a statement, BPDA chairman Lawrence Buettner pointed to ongoing use of paper checks in the U.S.

B2B 40

B2B NACHA API Payee 40

PYMNTS

JUNE 11, 2020

Cash is king, and today, cash flow management is an imperative function for large corporations and small businesses — many of which continue to struggle with the market volatility and business disruption caused by the COVID-19 pandemic. AscendantFX Eases Payment Instruction Hurdles. ”

B2B 52

B2B Payee Cross-Border Small Business 52

PYMNTS

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. Providing payers with this information could make it easier for them to quickly and efficiently pay their suppliers.

B2B 40

B2B Federal Reserve Payee FedWire 40

PYMNTS

JUNE 24, 2019

In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

DECEMBER 2, 2019

Digital identity solutions provider Signicat is partnering with payment information firm SurePay to combat B2B payments fraud. Payers are warned of any mismatch between payee identity and bank account information in real time in an effort to combat identity and payments fraud , the firms said.

Due Diligence 40

Due Diligence B2B Payee Payer 40

PYMNTS

JUNE 5, 2018

While the same cannot necessarily be said about business customers, the findings do highlight the progress technology conglomerates have made in the financial services space: Traditional banks are no longer the only option for customers. This combination will be the driving force for getting businesses to adapt.”

B2B 46

B2B PayPal Payments Payee 46

PYMNTS

OCTOBER 29, 2019

The pace of payments innovation continues to accelerate, and corporate payments are no longer an exception to this trend. But to understand where B2B payments innovation is going, Jay Dearborn, president of corporate payments at WEX , said the industry must first take a look in the rearview mirror. “To

B2B 40

B2B Innovation Payments B2C 40

PYMNTS

DECEMBER 12, 2019

12) from initial public offering (IPO) land for Bill.com, the business payments platform that just went public , pricing its shares at $22, seeking to raise more than $200 million. So far, so good. That’s the theme Thursday (Dec. As of early Thursday afternoon, those shares were up to $35 on the first day of trading.

B2B 52

B2B Cross-Border Payments Cross-Border Payments 52

PYMNTS

OCTOBER 22, 2019

This month’s Deep Dive explores the frictions currently afflicting the B2B cross-border payments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. International B2B Payments Pains. Remittances from Filipinos totaled $2.8 Mexico transactions in 2018.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

PYMNTS

NOVEMBER 19, 2019

19), Billtrust said WEX is joining its Business Payments Network (BPN). The partnership will allow WEX to connect its corporate customers to Billtrust’s B2B payments services, which addresses friction for both corporate payers and the suppliers accepting payments. In a press release on Tuesday (Nov.

B2B 51

B2B Payer Reconciliation NOV 51

PYMNTS

MAY 2, 2017

“I think one of the sectors that needs innovation is business payments,” Massaro said. “To To run a business, you still need too many different relationships with banks … different procedures to send money abroad and receive money…. There are near-term challenges surrounding remittances, cross-border.”.

Cross-Border 42

Cross-Border Business Payments Payments Payer 42

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. trillion by 2021 — the business-to-business payments market is primed for disruption. The payment rail and technology options for B2B eCommerce platforms are vast, and continue to grow.

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Commercial Card 81

Commercial Card B2B Visa Issuers 81

PYMNTS

JANUARY 2, 2019

Much attention has been paid to mobile business payments in the fleet sector in particular, with Comdata launching its mobile app, Comdata OnRoad, that links to fleet driver funds, for example. Some financial institutions, including Bank of America and UMB Bank, have also invested in mobile B2B payments.

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

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. Paper checks are familiar, especially to smaller businesses, and can support a longer cash float. Which will come out on top?

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

DECEMBER 21, 2020

This means businesses can gain a lifeline during the pandemic by making use of their available credit to delay major expense payments for up to 60 days on payments to over 100 countries. Cash and check payments are still the dominant method for B2B transactions on the continent.

Commercial Card 70

Commercial Card Cross-Border Payments Cross-Border B2B 70

PYMNTS

NOVEMBER 12, 2019

But corporate payers are not the only entities in charge of driving adoption of AP automation technologies. Suppliers continue to play an important role in AP technology adoption, with service providers realizing that in order for companies to be able to pay electronically, suppliers must accept electronic payments. billion valuation.

Innovation 49

Innovation B2B Automation Payer 49

PYMNTS

FEBRUARY 22, 2019

Travel booking company Amadeus is integrating Barclaycard virtual card technology into its Amadeus B2B Wallet solution to streamline business payments processes, the company announced Thursday (Feb. 21) in a press release sent to PYMNTS.

Payer 46

Payer B2B Reconciliation Acquirers 46

PYMNTS

AUGUST 31, 2017

Two in particular, he said, are technology and payer habits. “It’s Technology provides the opportunity to make big changes in how end-users use the payment system.”. It’s not just consumer payments that are driving this evolution, though. Business-to-business payments are a lot harder to change,” Sapenaro noted.

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

NOVEMBER 18, 2019

Business payments processing company Bill.com is going public and seeking $100 million for its float. Two unnamed sources told Business Insider at the time that Bill.com had been meeting with bankers ahead of its filing, though they noted that the company had not yet decided on a timeline to go public.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Payee Payer 40

PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. The business payments technology company is rolling out Pay Direct for U.K. corporates, making it easier for businesses to accept online payments.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

NOVEMBER 30, 2018

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation.

Commercial Card 86

Commercial Card Visa Payer Automation 86

PYMNTS

DECEMBER 18, 2019

However, friction breeds opportunity for innovation, with traditional financial service providers and FinTech firms stepping in to tackle businesses’ biggest payment pain points. Corporate payments aren’t just about sending funds from one business to another, though. . ” Payer Pain Points.

B2C 52

B2C PayPal Cross-Border Cross-Border Payments 52

PYMNTS

OCTOBER 24, 2018

However, the company said at the time that payment processing activity also increased during the quarter, with its core business payments offering growing 20 percent year over year, according to CEO Melissa Smith. ”

Payer 55

Payer Small Business Acquirers Payment Networks 55

PYMNTS

JUNE 20, 2017

The bank said in news Monday (June 19) that supporting use of a mobile wallet solution for corporate payers can help business travelers streamline transactions with online payments and expensing while boosting security. “Companies also are focused on the changing demographics of the U.S. labor force. ” U.S.

Commercial Card 44

Commercial Card Online and Mobile Banking Payer Card Issuer 44

PYMNTS

APRIL 16, 2019

Collections will never be the most beloved part of a business’ payment lifecycle – because in an ideal world, they wouldn’t exist, and buyers would pay suppliers on time in full without variance. Or the system can tell employees to pursue the collections list based on previous payment patterns.

B2B 46

B2B Best Practices Payer Process 46

PYMNTS

DECEMBER 8, 2017

Talk is growing of the potential for virtual card technology to address several key points of friction in business payments, especially in corporate travel. Even for business payers themselves, though, virtual card adoption has perhaps been slower than some industry players would like. In a separate interview , Dean M.

Payer 43

Payer Payments Reconciliation Data Breach 43

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Direct Competition. It’s just a natural progression.”.

Commercial Card 42

Commercial Card Online and Mobile Banking Payments Payer 42

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015.

ACH 51

ACH Fed Checks Federal Reserve 51

PYMNTS

NOVEMBER 12, 2018

The solution is also integrated with PayNow , the payments solution created by the Monetary Authority of Singapore. Earlier this year the MAS announced that PayNow would be available to corporate payers via PayNow Corporate, which can be accessed via banks’ mobile app platforms.

Small Business 63

Small Business Payer Payments Payments Tools 63

PYMNTS

MAY 1, 2018

One of the nation’s most recent B2B FinTechs to land funding is Fyle, a small business expense management company that landed $1.1 Another B2B expense management company, Happay, said in 2016 that demonetization has heightened demand for cards among business payers.

Small Business 40

Small Business Push-to-Card B2B Automation 40

PYMNTS

AUGUST 1, 2019

ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

MAY 31, 2018

It has also developed an ISO 20022 mapping and validator tool to support businesses looking to leverage the new standard as they transition into using it. NACHA also has a remittance tool that allows businesses to more safely and securely transmit ISO 20022-approved remittance info for business-to-business (B2B) transactions.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40