PYMNTS

JULY 10, 2020

Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. And with the pandemic all but wiping out business trips, the commercial card could be at a crossroads.

Commercial Card 80

Commercial Card Credit Limit Issuers Cross-Border 80

PYMNTS

JULY 9, 2020

With commercial credit cards historically viewed as a payment vehicle for businesses to make one-off purchases for the office or while on a business trip, the small business credit card has yet to catch up to adoption volumes seen by other payment methods like direct bank transfers in the B2B payments space.

Commercial Card 56

Commercial Card Small Business Credit Cards Push-to-Card 56

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Mastercard Adds B2B Payment Functionality With Commercial Cards.

Commercial Card 52

Commercial Card Innovation Procedures B2B 52

Tearsheet

OCTOBER 2, 2024

Morgan as an early adopter for its B2B virtual card offering. To discuss this development and its implications for the B2B payments sector, we spoke with two key figures: Stephen Markwell, Head of Product Strategy and FinTech Partnerships for Global Banking at J.P. This partnership comes at a significant time for B2B payments.

B2B 59

B2B Checks Payment APIs and Integration Push-to-Card 59

Fintech Finance

MARCH 14, 2024

Visa (NYSE: V), the world’s leader in digital payments, Merex Investment, and PayMate have partnered to digitise B2B rental collections through Visa’s BPSP solution provided by PayMate. In addition to this, it also helps their tenants with enhanced working capital while making payments using commercial cards.

B2B 52

B2B Facilitators Commercial Card Reconciliation 52

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For others, like NatWest and Sabre , that means collaborating on corporate card products that augment the end-user experience.

Commercial Card 52

Commercial Card Payroll B2B Small Business 52

Fintech Finance

OCTOBER 2, 2024

As part of its ongoing investment in its B2B network and in enhancing buyer and supplier capabilities, American Express has announced a new offering by Boost Payment Solutions , a global leader in payments, to provide commercial virtual Card processing services to U.S. merchants who accept American.

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Payments Automation 98

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Aye Finance. Alphabet’s private equity arm CapitalG led a $27.5 Pipe Technologies.

B2B 115

B2B Finance Small Business Underwriting 115

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance.

Commercial Card 52

Commercial Card Finance B2B Small Business 52

PYMNTS

NOVEMBER 27, 2020

As B2B eCommerce accelerates its technological innovation, and as adoption grows, it continues to look toward the world of B2C to implement optimized end-user experiences – for both the buyer and the seller. Extending trade credit directly at the point of sale is a major opportunity for B2B sellers to similarly drive up sales.

B2B 104

B2B Point-of-Sale (POS) B2C Due Diligence 104

PYMNTS

FEBRUARY 20, 2020

Yet, without the resources to invest in finance teams, many firms simply maintain the status quo of unaudited spend, the end result being a lot of wasted spend. “Businesses are at the point where they’re maximizing their key product offering[s], trying to grow revenue and their finance teams are stretched. .

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov. Consumerized Experience .

B2B 115

B2B Payments Reconciliation Payer 115

PYMNTS

JULY 17, 2019

B2B payments and accounts receivable solution provider Optal is collaborating with Lloyds Bank , the companies announced Tuesday (July 16). Lloyds Bank will connect its own commercial clients to Optal’s B2B transaction optimization solutions with a focus on helping those clients’ B2B vendors accept card payments via Optal’s Invapay solution.

Commercial Card 40

Commercial Card Electronic Funds Transfer (EFT) B2B Cross-Border 40

The Fintech Times

OCTOBER 3, 2024

Financial services giant American Express is launching commercial virtual card processing services to US merchants in partnership with B2B payments provider, Boost Payment Solutions. However, the increasing volume of virtual card transactions is making automation even more essential for suppliers.

Process 64

Process Point-of-Sale (POS) Automation B2B 64

Fintech Finance

OCTOBER 22, 2024

MeaWallet , a leading digital payments enabler specialising in card tokenization, proudly announces its partnership with Toqio , a leading technology platform for B2B embedded finance for businesses, to enhance its digital card capabilities for corporate customers in the UK and Spain.

Push-to-Card 52

Push-to-Card End User Embedded Finance Commercial Card 52

PYMNTS

MAY 22, 2020

Regardless of the news, this week’s B2B venture capital roundup is one of the strongest in months, fueled largely by FinTechs’ focus on connecting small and medium-sized businesses (SMBs) to capital. Trade finance technology startup CCRManager announced $2.12 Xtracap Fintech. CCRManager. Apollo Agriculture.

Finance 56

Finance B2B Online and Mobile Banking Participant 56

PYMNTS

SEPTEMBER 19, 2019

challenger FinTech Cashplus has hired a commercial card risk expert from American Express, reports this week said. Commercial Cards and Payments and before working at Amex, Duseja held a position at Accenture. According to reports Wednesday (Sept. He comes from American Express as its head of credit risk for U.K.

Commercial Card 43

Commercial Card Risk Small Business API 43

Fintech Finance

FEBRUARY 9, 2024

Bahrain Commercial Facilities Company (BCFC), in a strategic partnership with Mastercard , is set to transform Bahrain’s commercial payments landscape with the introduction of their Commercial Cards Program for companies, corporations and small and medium sized businesses.

Credit Cards 52

Credit Cards Visa Commercial Card B2B 52

PYMNTS

JUNE 15, 2016

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. ”

Commercial Card 40

Commercial Card Treasury Treasury Management Research 40

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.

B2B 77

B2B Payments Commercial Card Automation 77

PYMNTS

SEPTEMBER 24, 2019

Monthly installment payment solution provider Splitit is rolling out a B2B payments service offering, the company said Monday (Sept. Unlike repaying commercial card balances in installments, the platform does not charge interest and can accelerate the reordering process. 23) in a press release.

B2B 58

B2B Cross-Border Credit Cards Commercial Card 58

PYMNTS

OCTOBER 14, 2016

American Express is a top player in the commercial card space but is perhaps best known in the B2B space as a provider of solutions for larger corporates. The credit card giant has teamed up with a familiar face in the SME FinServ industry, however, to heighten its presence among smaller firms. Reports on Thursday (Oct.

Finance 74

Finance Commercial Card Small Business B2B 74

PYMNTS

SEPTEMBER 22, 2020

To allow companies to supervise their finances while keeping them safe from payment failures, Mesh Payments has rolled out a cardless payment offering for companies that simplifies recurring and one-time payments. 22) announcement.

B2B 73

B2B Payments Cross-Border Commercial Card 73

Fintech Finance

APRIL 8, 2024

. “More and more businesses seek out for the same degree of convenience and security that they enjoy in their everyday personal transactions – therefore, even though we are known to be a global B2B payment platform, we’re thrilled to bring Apple Pay to our customers,” said Qincheng Wang, Head of Product, SUNRATE.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

PYMNTS

MAY 13, 2016

Indian airliner Jet Airways is teaming up to bring SMEs in the nation a commercial card solution, a move reports said will bring India its first contactless business card. Reports on Thursday (May 12) said ICICI Bank will collaborate with Jet Airways to launch the Jet Airways ICICI Bank Business Advantage Card.

Commercial Card 40

Commercial Card Cash Management Credit Cards Small Business 40

PYMNTS

SEPTEMBER 5, 2016

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. Paying with a commercial card means up to 55 days interest-free (an offer from the cards’ issuing banks). An interchange fee cap means less profits for the banks.

Commercial Card 40

Commercial Card Regulations Caps Small Business 40

PYMNTS

JULY 16, 2020

The evolution of B2B eCommerce has historically been driven by the effort to bring a consumer-like experience a-la-Amazon into the corporate procurement world. Yet using the consumer eCommerce framework as the launchpad for digitizing B2B trade isn’t always going to suit enterprise needs. It’s not an unfounded strategy.

B2B 59

B2B B2C Checks Payment Reconciliation 59

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept. Payments Speed and Security.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

DECEMBER 20, 2016

Mastercard is looking to take a larger share of the B2B payments space in Australia by pushing for companies to pay their suppliers with its products. To do so, the credit card firm announced Monday (Dec. 19) that it will be working with supply chain finance company Octet Finance.

Visa 41

Visa B2B Cross-Border Payments Commercial Card 41

PYMNTS

MARCH 14, 2018

That seems to be the idea among banks both big and small when it comes to APIs , as several players from around the financial services industry recently increased their investment in APIs, rolling out new solutions aimed at making B2B payments more efficient. . Around the B2B API World . BofA Banks on B2B APIs . And in the U.K.,

API 72

API B2B Payments Commercial Card 72

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.

B2B 53

B2B Payments Commercial Card Automation 53

PYMNTS

JANUARY 12, 2021

Today in B2B payments, some small businesses received less than $99 in Paycheck Protection Program (PPP) loans, and U.S. Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. bank profits are expected to sink.

B2B 61

B2B Commercial Card Credit Cards Small Business 61

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

SEPTEMBER 26, 2016

From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment. Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

FEBRUARY 15, 2019

Barclaycard and SAP are partnering up to accelerate B2B payments, the companies announced today (Friday, Feb. Corporate buyers can pay their vendors via virtual card, with suppliers receiving payment the same way they receive a bank transfer. That same year, SAP Ariba launched its B2B procurement platform into China.

B2B 46

B2B Push-to-Card Payments Commercial Card 46

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. The post Setldpay Partners With Tribe for Issuer Processing appeared first on FF News | Fintech Finance.

Issuers 98

Issuers Process Reconciliation AML 98

PYMNTS

JANUARY 17, 2020

Yet, with AP solution providers enticed by the high payment volumes and values of the B2B arena, emerging solutions can sometimes be too large for the mom-and-pop shop on Main Street. “Buyers and sellers in the B2B world, they do not share interests, many times,” he said. ” Finding A Middle Ground.

Faster Payments 61

Faster Payments B2B Small Business Venmo 61