Plastiq sees inflation boosting B2B card payment use
Payments Dive
JULY 5, 2022
As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital.
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Payments Dive
JULY 5, 2022
As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital.
PYMNTS
OCTOBER 5, 2020
In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot.
PYMNTS
NOVEMBER 17, 2020
When it comes to global B2B procurement, nothing is simple. Matching the payment mechanism to the project has been a thorn in the side of global procurement since the days of the spice trade. Driving B2B Payments' Evolution. Maybe ACH ? Or maybe even fast ACH? Slowly but surely, corporates are migrating away from checks.
Fintech Finance
JULY 11, 2024
Billtrust , a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its Business Payments Network (BPN).
PYMNTS
DECEMBER 30, 2020
The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. How that is achieved is a matter of innovation and experimentation. The Coexistence Of Rails.
Payments Next
MARCH 6, 2024
By Shai Gabay, Co-Founder & CEO, Trustmi When I speak with businesses about B2B payment fraud, most people I talk with are The post Business payment fraud demands new approaches to account validation first appeared on Payments NEXT.
PYMNTS
AUGUST 11, 2020
From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. An Ecosystem Approach.
Payments Source
FEBRUARY 24, 2020
B2B payments can thrive in the uncertain regulatory environment with the help of APIs, says Become's Eden Amirav.
Fintech Finance
JULY 23, 2024
XTransfer , China’s top B2B cross-border trade payment platform, and EBANX , the leading payment platform connecting global companies with customers in Latin America, Africa, and Asia, announced a strategic partnership aimed at streamlining B2B trade payments in Latin America.
PYMNTS
AUGUST 5, 2019
In the B2B realm, payments travel anything but a straight line. Online, though, payments can travel the straight and narrow, especially across platforms that link supply chains in a marketplace setting. Since the November 2018 launch, nearly $2 billion in virtual card payments for suppliers have been automated.
Fintech Finance
NOVEMBER 11, 2024
Emirates NBD , a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region and Mastercard have partnered to introduce the Emirates NBD Wholesale Travel Solution, an innovative virtual card based B2B payment product now available to travel agencies.
PYMNTS
MARCH 19, 2020
Tackling B2B payments friction is a journey, but when corporates take their transactions global, finding a remedy for cross-border B2B payments is a much more complicated process. ” Tackling B2B payments on a global scale calls for collaboration, McCarthy explained. .
Fintech Finance
JULY 24, 2024
Visa, the world leader in digital payments, today announced a significant partnership with First Abu Dhabi Bank (FAB) , the largest bank in the United Arab Emirates, to expand the Visa B2B Connect network in the region.
Stax
MARCH 14, 2024
During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%. Learn More What are B2B Payments?
PYMNTS
FEBRUARY 11, 2020
The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.
PYMNTS
NOVEMBER 15, 2018
Western Union and FLEETCOR are nearing an agreement to sell WU’s business payments operations to the fleet payments firm, according to reports in PE Hub on Wednesday (Nov. Citing three unnamed sources, reports said Citi is advising on the deal, which could fetch $600 million for the B2B payments operations.
PYMNTS
SEPTEMBER 12, 2019
Mastercard is launching a new business-to-business (B2B) payment ecosystem to streamline and simplify transactions between suppliers and sellers. The Mastercard Track Business Payment Service is the first global open-loop commercial service built to automate payments between the world’s suppliers and buyers.
PYMNTS
MAY 12, 2020
To enable greater efficiency and quicker access to working capital for buyers and suppliers, Mastercard has unveiled the rollout of the Track TM Business Payment Service in the U.S. ” The Track Business Payment Service allows suppliers and buyers to handle their payments in a more efficient manner, per the company. .”
PYMNTS
OCTOBER 21, 2016
Visa and Chain today [October 21] announced that Visa B2B Connect – a B2B payment platform based on blockchain – will be piloted in 2017. Visa hopes that Visa B2B Connect will give financial institutions fast and secure processing of global B2B payments.
PYMNTS
JULY 31, 2019
Visa and Billtrust are announcing a major new user for their Business Payments Network (BPN) as of today (July 31). JPMorgan has announced it will use the service to streamline the delivery of electronic B2B payments for its commercial card clients.
PYMNTS
NOVEMBER 16, 2020
Mastercard has added a new Account-to-Account (A2A) service to its Track Business Payment Service , to help businesses exchange data more efficiently and perform payments across multiple rails, a press release says. The Track Business Payment Service was rolled out in the U.S.
PYMNTS
DECEMBER 3, 2020
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2B Payments. Velo Labs, Lightnet, Visa Collab On Blockchain SMB Payments.
PYMNTS
OCTOBER 22, 2020
A perfect storm of market shifts catalyzed by the global pandemic has forever changed the B2B payments landscape. For Billtrust , the current market climate presented an opportune moment to go public and further the B2B payments education of the business community. Fostering Education.
Payments Source
JULY 31, 2019
JPMorgan Chase has become the first card issuer to join the Visa and Billtrust Business Payments Network in an effort to streamline the delivery of electronic B2B payments for its commercial card clients.
Payments Source
NOVEMBER 16, 2020
It will take years to fully complete the project, but Mastercard has announced the availability of real-time account-to-account corporate payments for U.S. firms through its Mastercard Track Business Payment Service (BPS), with plans to add cross-border payments next year.
PYMNTS
NOVEMBER 9, 2020
This earnings season, the downturn has become apparent as several corporate payments technology players post losses. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Boosting The Banking Experience.
Payments Next
SEPTEMBER 13, 2023
By Shai Gabay, Co-founder & CEO, Trustmi Fraud and human errors affecting business payments have threatened companies worldwide over the last decade. The post 5 reasons secure business payments must be a priority first appeared on Payments NEXT.
Fintech Finance
NOVEMBER 22, 2024
Mastercard and Fundbot , a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. The two companies will launch a streamlined payments platform that seamlessly links buyers and suppliers.
PYMNTS
OCTOBER 20, 2020
In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. To that end, one goal is to integrate payments, streamlining discrete functions of paying vendors and receiving payments from buyers across companies.
PYMNTS
JULY 9, 2020
When it comes to B2B payments, the mobile device has limited traction. adoption is typically limited to contexts in which an individual may be making a purchase in a retail setting on behalf of a company: a professional on a business trip paying for lunch, for instance, or a delivery driver refueling while on the road.
PYMNTS
AUGUST 5, 2019
Cross-border payments company InstaReM is expanding its InstaReM for SMEs solution into Singapore, targeting cross-border trade and B2B payments between Singapore and China. “With trade getting increasingly globalized, businesses need to make payments to multiple stakeholders — suppliers, staff, freelancers etc.
PYMNTS
DECEMBER 8, 2017
Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Payments Rails is rewiring how business payments are sent around the world,” said the company’s co-founder and CEO Tim Nixon.
Finextra
JULY 17, 2024
JP Morgan is making an equity investment in, and providing a debt facility to, AI-led business-to-business payments platform Slope.
PYMNTS
MAY 21, 2020
While the travel industry remains decimated due to the pandemic, with businesses just beginning to tiptoe toward some semblance of normalcy, the shift to digital processes is gaining traction. Payments made on credit also incur significant administrative burden on companies that must reconcile invoices — unless electronic invoicing is used.
PYMNTS
DECEMBER 16, 2019
The capabilities to unlock bank data and integrate new services into emerging FinTech platforms via API integrations is a FinTech trend that hasn’t ignored the B2B payments arena. Indeed, says Robert Courtneidge, CEO of payment technology firm Moorwand , this space is one of the most exciting and busy when it comes to innovation.
PYMNTS
SEPTEMBER 17, 2020
This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. Technology that sits in between these business partners can help to accomplish both.
Finextra
JULY 11, 2024
Billtrust, a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its Business Payments Network (BPN).
PYMNTS
NOVEMBER 16, 2020
American Express has enhanced its Early Pay system with digital payment features aimed at giving large businesses greater control over their ability to make and receive B2B payments, the company announced Monday (Nov. Early Pay allows suppliers to optimize cash flow by encouraging early payments in exchange for discounts.
PYMNTS
NOVEMBER 13, 2020
With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to small business payments. Digital small business payment services provider Statrys , based in Hong Kong, announced $5 million in fresh funding.
PYMNTS
MAY 27, 2020
Despite some drawbacks, legacy rails have mounds of potential to tackle a multitude of B2B payments friction points. For payments technology players, finding the opportunities to build upon existing infrastructure continues to open up new doors in B2B payments improvements. Adflex Eyes Card Rails For B2B.
PYMNTS
DECEMBER 6, 2017
As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. And, much to the relief of corporates, the continuing focus on B2B payments innovation. When it comes to B2B, payment speed is important, but only to a point,” said Ambikar.
PYMNTS
JUNE 18, 2019
Is it prime time for real time, especially for B2B? The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. Where We Stand In The US. Where We Stand In The US.
PYMNTS
OCTOBER 19, 2020
The shift away from legacy payments processes was well underway before the pandemic, but COVID-19 is creating fresh urgency to move to cloud-based digitized systems, David Disque , president at CSI (Corporate Spending Innovations) told Karen Webster in a recent conversation. Disque said office shutdowns have “created a lot of havoc. …
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