PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Commercial Card 53

Commercial Card Card Issuer Issuers B2B 53

PYMNTS

FEBRUARY 27, 2019

Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban. However, missing from much of this regulatory debate is the issue of interchange fees on commercial cards. ” The Commercial Card Debate.

Commercial Card 70

Commercial Card Caps Regulations Card Issuer 70

PYMNTS

JANUARY 8, 2020

There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. A Focus On Transparency.

Commercial Card 52

Commercial Card FTC Federal Trade Commission Small Business 52

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. But what about in the business-to-business (B2B) sector? Industry data shows that the B2B payments landscape is rather diverse. Learn More What are B2B Payments? Not sure where to start?

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

DECEMBER 27, 2016

Commercial cards have struggled to gain widespread adoption in B2B payments, and new research from Mercator Advisory Group aims to explain why — and how to overcome those adoption barriers. But corporate buyers often prefer cards to obtain rewards points.

Commercial Card 43

Commercial Card Card Issuer Issuers B2B 43

PYMNTS

DECEMBER 12, 2019

According to reports, customers are voicing complaints that Curve was not transparent enough when sending cards to users. The publication pointed to Curve’s online community message board, in which users are reporting they were unknowingly sent a business credit card while expecting a consumer card. “I

Commercial Card 52

Commercial Card Card Issuer Credit Cards Issuers 52

PYMNTS

DECEMBER 7, 2018

With commercial cards continuing to press their way into accounts payable, a new report from Accenture suggests it’s the virtual card driving adoption of card-based B2B payments. for 2018 — meaning v-cards may secure a larger share of the corporate card spending space than physical corporate cards.

Commercial Card 40

Commercial Card B2B Card Issuer Accounts 40

PYMNTS

NOVEMBER 20, 2019

Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. Such was the strategy of JPMorgan in its latest corporate card initiative. JPMorgan Taps Boost For Corporate Card Acceptance. Visa Takes Virtual Cards Across Borders.

Issuers 62

Issuers Commercial Card Innovation Cross-Border 62

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.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

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.

Payment Networks 71

Payment Networks Business Payments Card Issuer Commercial Card 71

PYMNTS

DECEMBER 11, 2019

The interchange fees associated with commercial card acceptance are the latest target of commercial card optimization company Revolution Payments, which announced a new service designed to further reduce that burden on business-to-business (B2B) suppliers. In a press release Wednesday (Dec.

Commercial Card 73

Commercial Card B2B Card Issuer Credit Cards 73

PYMNTS

MARCH 21, 2017

Bank will enable its corporate customers to use their commercial cards via the mobile Apple Pay , Android Pay and Samsung Pay solutions, reports said Monday (March 20). According to the bank, this makes it the first to support mobile payments for Visa commercial card transactions. Bank Corporate Travel Card, while U.S.

Commercial Card 40

Commercial Card Online and Mobile Banking Mobile Payments Card Issuer 40

PYMNTS

JUNE 4, 2020

With commercial card adoption on the rise as more organizations make the shift to digital payments, card issuers continue to drive innovation with their corporate card products. Shopify Introduces Business Card.

Issuers 57

Issuers Volume Commercial Card Card Issuer 57

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

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. “The card as a credit instrument is very much on a lot of people’s minds.”

Commercial Card 62

Commercial Card Payment APIs and Integration Card Issuer Multi-Currency 62

PYMNTS

DECEMBER 2, 2020

This week's Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed to enhance spend management and help SMBs access credit during turbulent times.

Commercial Card 65

Commercial Card FinTech Small Business Visa 65

PYMNTS

JANUARY 29, 2020

Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries. Cards Tackle Event Planning Expenses.

Commercial Card 56

Commercial Card Card Issuer Visa Issuers 56

Fintech Finance

AUGUST 23, 2024

SetldPay provides solutions for any kind of prepaid card program including gift cards, fuel cards, travel & FX, B2B and commercial cards. It brings together best in class partners through one technical connection and one contract.

Issuers 98

Issuers Process Reconciliation AML 98

PYMNTS

JUNE 27, 2019

Payment Software-as-a-Service firm CardFlight is introducing Level 2 card processing data into its software SwipeSimple, aimed at lowering transactions fees for B2B vendors. In a press release on Wednesday (June 26), CardFlight said sellers will have the capability to collect Level 2 data when accepting commercial cards.

Commercial Card 49

Commercial Card B2B Card Issuer Mitigation 49

PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. Boost Payment Solutions is teaming with Visa for commercial payments acceptance, while EE is joining forces with Square to help U.K. merchants accept touch-free payments.

Contactless Payments 96

Contactless Payments Innovation NACHA Nacha Operating Rules 96

PYMNTS

MARCH 23, 2017

The bank announced earlier this week that some of its commercial cards are now compatible with Apple Pay, Android Pay and Samsung Pay. Bank has lent support for mobile B2B payments. Last year the bank revealed that all of its small business card products were now compatible with Apple Pay. According to Jones, U.S.

B2B 51

B2B Online and Mobile Banking Commercial Card Mobile Payments 51

PYMNTS

OCTOBER 18, 2019

American Express is introducing a suite of new commercial card products targeted at startups and entrepreneurs in a move that is aimed at competing with industry newcomers like Brex, Bloomberg reports said on Thursday (Oct. At the same time, industry newcomers like Brex , which has now reached a $2.6

Commercial Card 43

Commercial Card Push-to-Card Card Issuer B2B 43

PYMNTS

OCTOBER 28, 2016

Whether through virtual payment technologies or faster payment initiatives, the B2B payments ecosystem has explored ways to accelerate the time it takes a buyer to pay its supplier. Some argue electronic payments, like credit cards, are the answer. The delay in B2B payments forces small suppliers to explore ways to manage cash flow.

B2B 71

B2B Credit Cards Payments Same Day ACH 71

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches.

Commercial Card 52

Commercial Card Innovation Ransomware Credit Cards 52

PYMNTS

DECEMBER 3, 2019

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power took one key friction point of the small business (SMB) credit card market to task. Some are focusing on geography, looking at markets with significant room for commercial cards to gain traction.

Commercial Card 40

Commercial Card Credit Cards Payment APIs and Integration Card Issuer 40

PYMNTS

JUNE 13, 2019

Commercial card issuer and payment processor Comdata is integrating its functionality into the invoice-to-pay platform Billtrust to enable joint customers to pay their vendors electronically. BPN rolled out last year as a platform that connects buyers, suppliers and financial institutions to facilitate electronic B2B payments.

Payment Networks 59

Payment Networks B2B Card Issuer Payments 59

The Paypers

JUNE 13, 2019

(The Paypers) Billtrust has announced that B2B payments processor and commercial card issuer, Comdata , has joined Business Payments Network (BPN), enabling their buyer customers to send payments to suppliers on BPN.

Card Issuer 28

Card Issuer Commercial Card Processors Issuers 28

PYMNTS

NOVEMBER 22, 2019

However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K., leading the investment.

B2B 43

B2B FinTech Cross-Border Payments Payroll 43

PYMNTS

SEPTEMBER 13, 2018

Bank of America is adding mobile wallet functionality to its suite of commercial card products, the bank said Wednesday (Sept. According to Bank of America, mobile wallets can enhance payment security by tokenizing account numbers, effectively using a physical commercial card to generate a virtual card for a particular purchase.

Commercial Card 56

Commercial Card Card Issuer Payer Authentication 56

PYMNTS

DECEMBER 11, 2018

B2B payments company Finexio is adding support for corporates that want to pay their suppliers with a credit card, regardless of whether vendors accept cards as a form of payment. Companies can pay using Mastercard or Visa credit cards, Finexio noted. In a press release issued Monday (Dec.

Credit Cards 49

Credit Cards Commercial Card Card Issuer B2B 49

PYMNTS

MAY 31, 2017

The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S. According to TSYS , U.S.

Mobile Payments 45

Mobile Payments Commercial Card Card Issuer Issuers 45

PYMNTS

SEPTEMBER 30, 2020

The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. Furthermore, the collaboration will grow the reach of Volopay’s cards, letting its corporate customers and their staffers make card payments wherever they conduct business around the globe.

Innovation 77

Innovation Card Issuer Debit Card PayPal 77

PYMNTS

JANUARY 27, 2020

Commercial card technology company Cardlay , based in Denmark, has announced a partnership with Mastercard Europe, expanding the FinTech’s reach throughout the continent via Mastercard’s network of issuing banks. Reports in Finextra said on Monday (Jan. We are already well into the negotiations with three banks.”

Visa 43

Visa Card Issuer Commercial Card Issuers 43

PYMNTS

DECEMBER 4, 2017

Boost Payment Solutions is one company that seeks to bring electronic payments to the B2B realm, as both an acquirer and a FinTech with an exclusive focus on commercial credit cards. That bridge, he said, is lacking in the B2B payments industry, where inefficient payment methods abound. “We

B2B 40

B2B ACH Credit Cards Payments 40

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. And that’s good news for card issuers, too, which could see greater net-new card payment volume.

Automation 47

Automation Reconciliation Card Issuer Payee 47

PYMNTS

JANUARY 20, 2017

Corporate payments firm AirPlus has just expanded its commercial card capabilities through a new acquisition. 19) said AirPlus International reached a deal to acquire corporate card issuer BCC Corporate, based in Belgium, which the firms expect to complete in the second quarter of the year. Reports Thursday (Jan.

Commercial Card 40

Commercial Card Card Issuer Rules Regulations 40

PYMNTS

OCTOBER 18, 2019

Net card fees increased 19 percent year over year and accounted for 9 percent of the total revenue for American Express in the third quarter. American Express currently stands as the globe’s largest commercial card issuer by spend, reports noted, and the company is pushing for an even greater position in the B2B payments market.

Push-to-Card 40

Push-to-Card Commercial Card Card Issuer Credit Cards 40