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Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

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Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. The financial services giant on Thursday (Nov. Each card payment is then assigned a virtual number tied to a commercial card account.

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The Competitive Advantage Of Commercial Card Acceptance

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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.

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Treasurers Keen On Commercial Card Upgrades

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Commercial cards are slowly catching up to consumer cards when it comes to innovation, with some being supported by mobile wallet solutions and others morphing into virtual card solutions for better spend visibility. ”

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U.S. Bank Unifies Global Commercial Card Platforms

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Bank is offering a new service to corporate card managers in need over overseeing company cards around the world. Bank has launched a single platform through which commercial card managers can manage card programs regardless of where those cards are. In bolstering its commercial card services, U.S.

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Wells Fargo Debuts Digital Supplier Payment Tool

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The financial services giant on Thursday (Nov. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. Each card payment is then assigned a virtual number tied to a commercial card account.

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Corcentric On Myth-Busting Electronic B2B Payments Adoption

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The payments industry has been talking about the digitization of B2B transactions for years, maybe decades, with not much of a nudge of that needle. In some ways, the lack of digitization is the result of the financial services industry operating on misconceptions about the best ways to ensure that electronic B2B payments gain traction.

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Visa’s Kevin Phalen: Making The Case For B2B Payments’ Innovation Progress

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There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. During his opening keynote, Phalen made a case for why commercial payments have indeed made significant headway in the last decade.

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