Payments Source

DECEMBER 6, 2020

Banks trudging along slowly with digital advancements are getting a push from virtual card technology providers touting the concept of mass distribution for commercial card issuers.

Card Issuer 157

Card Issuer Continuity Commercial Card B2B 157

PYMNTS

NOVEMBER 18, 2020

The suite of Mastercard payment solutions aims to enable businesses to save time, reduce costs and manage business expenses in more streamlined ways, with corporate clients able to further access Mastercard's In Control for Commercial Payments , a platform that helps companies add end-to-end virtual payments for an enhanced user experience.

Commercial Card 75

Commercial Card Visa B2B Reconciliation 75

PYMNTS

NOVEMBER 9, 2020

But companies large and small are still making purchases, and with the pandemic fueling the need for contactless payments, commercial card technology adoption is on the rise. Speaking with PYMNTS, Chung discussed the importance of organizations being able to consolidate card spend data even when working with multiple issuers.

Commercial Card 81

Commercial Card Contactless Payments Issuers Card Issuer 81

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. But so far, mobile B2B payments have been slow to take off.

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. The drive for payment information is a key factor behind suppliers’ gradual path toward commercial card acceptance.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

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. Check out the latest in corporate card innovation below. JPMorgan Taps Boost For Corporate Card Acceptance.

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Issuers Commercial Card Innovation Cross-Border 62

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

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.

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Commercial Card Caps Regulations Card Issuer 70

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

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 30, 2019

Yet, according to Kris Carrera, general manager and business line executive of Credit Payments at FIS , the middle market is often underserved — particularly when it comes to commercial card products. Once that occurs, they continue to face obstacles in understanding exactly what drives commercial card adoption for this customer base.

Commercial Card 53

Commercial Card Push-to-Card Small Business Addressing 53

PYMNTS

DECEMBER 30, 2020

Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. Suppliers, he said, have traditionally been less amenable to commercial card payments, but are increasingly starting to accommodate buyers’ payment preferences.

B2B 105

B2B Process Point-of-Sale (POS) Commercial Card 105

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 4, 2019

In results that also spotlighted a 17 percent cross-border volume growth, CEO Ajay Banga told analysts that — among other pacts, such as with Bank of America — continued growth was in the cards for commercial business outside the U.S. Other earnings reports showed continued growth in commercial payments.

Commercial Card 40

Commercial Card B2B Visa Cross-Border 40

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

PYMNTS

MAY 17, 2017

Commercial cards are tricky. Their use is hardly ubiquitous across categories of B2B payments. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way.

Commercial Card 43

Commercial Card Assessments End User B2B 43

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

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 25, 2017

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. Bank issued the corporate card.

Commercial Card 40

Commercial Card Credit Limit Card Issuer Correspondent 40

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

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, 2016

percent per transaction, do not cover commercial cards, instead allowing individual Member States to decide whether the fee caps apply to these corporate cards. Payment Systems Regulator ruled last month that individual pay corporate cards are not considered commercial cards. regulator declared. “The

Commercial Card 40

Commercial Card Rules Caps Regulations 40

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

JANUARY 9, 2020

When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers.

B2B 57

B2B Payment Gateways Issuers Gateways 57

PYMNTS

NOVEMBER 24, 2020

As Nick Reid, director of B2B partner development at Conferma , said in an interview with PYMNTS, virtual cards can help eliminate those hidden costs. Against that backdrop, he said, the “sweet spot” of virtual cards comes along what he termed that “long tail of supplier spend.” He offered the example of a U.K.-based

Commercial Card 72

Commercial Card Accounts Cross-Border Payments Cross-Border 72

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

JULY 31, 2019

JPMorgan has announced it will use the service to streamline the delivery of electronic B2B payments for its commercial card clients. BPN’s offering is a great fit for JPMorgan’s commercial card clients and their suppliers,” said John Skinner, head of commercial cards at JPMorgan.”

Payment Networks 76

Payment Networks Business Payments Commercial Card B2B 76

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

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

MAY 6, 2020

FinTech Conferma Pay said Wednesday (May 6) that it has teamed up with Visa to integrate the payment network’s virtual cards into the Conferma Pay mobile app, provisioning commercial cards to their phones’ digital wallets. It’s just more appropriate than ever,” he said, of the shift to virtual cards and mobile wallets.

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Reconciliation Commercial Card Contactless Payments Online and Mobile Banking 107

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

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