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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

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. Spring began in dramatic fashion.

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Why Corporates Are Rethinking The Commercial Card For Payment

PYMNTS

Leavitt says there are already some patterns emerging that reflect potentially long-term changes to the B2B payments ecosystem. A Surge In Commercial Card Interest. At the same time, card issuers are encouraging adoption in an effort to support their corporate clients, and their clients’ vendors.

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

PYMNTS

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. To use the tool, customers electronically send payment instructions, which are routed to the WellsOne Virtual Card Payments service, the release stated.

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BofA Unveils Virtual Payables Solution to Support the Booming B2B Market

Fintech Finance

Bank of America , a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA with the launch of Virtual Payables Direct. This comes at a time when the global B2B payments market is growing rapidly and is projected to reach over US$2.4 trillion by 20312.

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The Economic – And Ergonomic – Value Of Commercial Card Optimization

PYMNTS

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “We’re seeing a lot more of that mentality.”

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Mastercard, EnKash Team To Expand Commercial Card Use In India

PYMNTS

EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release. Suppliers will have improved cash flows.

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Boost to deliver electronic payments for JPMorgan commercial cards

Payments Source

With a growing number of banks adopting digital technology to move B2B commercial cards into mobile wallets, JPMorgan is collaborating with Boost Payment Solutions to automate the delivery of single-use and commercial card accounts to clients.