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

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

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. The shift to digital payments has been gaining momentum.

B2B 115

B2B Payments Reconciliation Payer 115

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 87

Payment Solutions Point-of-Sale (POS) Payments Automation 87

PYMNTS

NOVEMBER 19, 2020

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning.

B2B 65

B2B Visa Commercial Card NOV 65

PYMNTS

JANUARY 22, 2020

National bank RAKBANK , headquartered in the emirate of Ras Al-Khaimah in the United Arab Emirates, has teamed up with Mastercard to introduce corporate payment solutions, Zawya reported Wednesday (Jan. It also provides efficient monitoring of travel and entertainment expenses via the SmartData expense monitoring and management tool.

Commercial Card 52

Commercial Card Visa B2G Cross-Border Payments 52

PYMNTS

NOVEMBER 19, 2020

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning.

B2B 52

B2B Visa Commercial Card NOV 52

PYMNTS

SEPTEMBER 23, 2020

Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Comdata Digitizes Legacy Fleet Payment Tool. Embracing the virtual card opportunity is Comdata, a FLEETCOR company, which announced last week the rollout of Virtual Comchek.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

PYMNTS

NOVEMBER 15, 2019

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner.

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

SEPTEMBER 11, 2017

Even as B2B payments progresses toward digitization, paper checks stick around. Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails.

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

SEPTEMBER 2, 2019

For B2B payments, this summer was a season of technological progress. percent) express satisfaction with using virtual cards to settle invoices. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

JANUARY 17, 2020

Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. That’s not to say that small- to medium-sized business (SMB) invoice payment challenges are any easier to overcome. . The result?

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

PYMNTS

OCTOBER 26, 2018

Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Businesses increased their spend on commercial cards by 24 percent in 2017, Citi’s analysis found. Overall, B2B spending jumped by nearly 50 percent last year.

ACH 79

ACH Commercial Card Correspondent Treasury 79

PYMNTS

JUNE 14, 2017

In Visa news, the credit card company is hitting back at rival Mastercard with the rollout of a B2B payments program just days after Mastercard announced its own B2B payments tool. They include virtual cards, accounts payable automation, data analytics and other capabilities, Visa said.

B2B 44

B2B Payment APIs and Integration Cross-Border Payments Payments 44

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. The card as a credit instrument is very much on a lot of people’s minds.”. The Virtual Card Perks Up.

Commercial Card 81

Commercial Card B2B Visa Issuers 81

PYMNTS

NOVEMBER 30, 2020

Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. Razorpay, Visa Team for SMB Corporate Cards.

B2B 64

B2B Cross-Border Liquidity Management Small Business 64

PYMNTS

DECEMBER 22, 2020

Technologies and payment solutions are finding the opportunity to multitask with solutions that, while initially focused on the corporate buyer, have now expanded to tackle friction for the supplier as well. Boost Gives Suppliers A Voice In Card Acceptance. CardUp Eases Card Adoption In Asia.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

PYMNTS

SEPTEMBER 10, 2019

The B2B payments discussion often centers around innovators’ efforts to kill the check. Unfortunately, simply introducing an electronic alternative to paper checks is not enough to kill this sticky and popular payment method. B2B Payments’ Innovation Agenda.

B2B 59

B2B Cross-Border Payments Payer 59

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Boost Payment Solutions Expands Globally.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

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. Payments Speed and Security. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

SEPTEMBER 9, 2020

Yet it's not only the need to embrace electronic payments that is encouraging government agencies, small businesses and larger enterprises to embrace the payment tool. Businesses using Mastercard cards on Amazon Business can benefit from the integrated and automated data capture.

Payment APIs and Integration 94

Payment APIs and Integration Commercial Card Push-to-Card Visa 94

PYMNTS

DECEMBER 23, 2019

In cases like Carillion, analysts have raised concerns that large conglomerates are intentionally withholding payments to take advantage of capital float — to the dismay of smaller players and professionals in the market. They’re also in the thick of these payment pains. Regulation Steps In. In the U.K.,

B2B 52

B2B Faster Payments Payments Payer 52

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

DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. Tackling Supplier Misconceptions. The Value-Add Proposition.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

JULY 9, 2020

There’s no single path to payments infrastructure innovation. This week’s examination of the latest initiatives to target B2B payments friction from the ground up finds a mix of strategies. For some, like Currencycloud and Steamchain, the path involves bypassing legacy payment rails and embracing blockchain.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

DECEMBER 20, 2018

Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce.

Commercial Card 57

Commercial Card Payment APIs and Integration Push-to-Card Adjustments 57

PYMNTS

APRIL 20, 2016

Digital payment solutions may be taking off in the AR department, but not all electronic payment tools are created equal. Even more traditional payment tools, like credit cards, don’t have a high enough corporate value for suppliers, he added. For instance: blockchain and bitcoin? I really don’t see it.

Commercial Card 40

Commercial Card ACH Push-to-Card Same Day ACH 40

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. But a new report from the Association of Financial Professionals , underwritten by JPMorgan Chase , suggests that corporate payments appear to finally be shifting away from paper checks. On Wednesday (Sept.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

JANUARY 9, 2018

Bank holding company Bancorp has yet to be named a participant of Android Pay, but users are reportedly confirming that their PayPal Business Debit Mastercard, issued by Bancorp, now works with the mobile payment tool. in 2016, though first only to work with consumer card products. Reports in Android Police said Monday (Jan.

PayPal 44

PayPal Visa Commercial Card Online and Mobile Banking 44

PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

Commercial Card 60

Commercial Card Small Business Credit Cards Underwriting 60

PYMNTS

MARCH 15, 2016

B2B payments firm Payoneer announced today (March 15) that it will be acquiring industry peer Armor Payments, a deal the companies said is about far more than market consolidation. The B2B marketplace will be a targeted focus for Payoneer and Armor Payments coming together, the executives said.

Cross-Border 40

Cross-Border Commercial Card B2B Payments 40

PYMNTS

MARCH 18, 2016

Banks need modern infrastructure, but instead of overhauling their pipelines internally, financial institutions have begun striking strategic partnerships with FinTech and payments innovators. That said, we occasionally see some buyers wanting to pay by credit card to receive points or reward from their card,” Kriplani added.

Compromise 40

Compromise B2B ACH Commercial Card 40

PYMNTS

MARCH 22, 2016

Its 2016 Payment Survey concluded that these companies still make 75 percent of their B2B payments with paper checks. According to reports, 83 percent of businesses use ACH payments for at least some of their processes.

Checks 40

Checks Commercial Card ACH Electronic Payment Processing 40

PYMNTS

NOVEMBER 3, 2016

With data analytics now a paramount process of cash flow management, developers are tasked with making their most innovative B2B payments and finance technologies seamlessly integrate with ERP and accounting platforms. The issue, said U.S. But it’s just one technology of many.

Payments Data 73

Payments Data Payments Reconciliation Commercial Card 73

PYMNTS

APRIL 22, 2020

The traditional process of setting up bank accounts in multiple jurisdictions is a headache and too resource-intensive for many small businesses, like B2B exporters. Enabling entrepreneurs to grow globally is all about providing them choice, including in the way they make payments, as well as the currency they send and receive them.

Cross-Border 96

Cross-Border Economy Cross-Border Payments Multi-Currency 96

PYMNTS

MARCH 17, 2017

The company said at the time that it is also looking to help digitize B2B invoices and help companies paying with commercial cards to take advantage of rebates and rewards by supporting supplier acceptance of these payment tools.

Technology 40

Technology Commercial Card Wire Wires 40

PYMNTS

MARCH 6, 2019

The B2B payments landscape is giant, so its problems and points of friction are behemoths, too. While the industry has opened doors to many new FinTech firms that tackle individual pain points of corporate payments, large-scale problems need large-scale solutions. Beyond The Payment. A Collaborative Approach.

B2B 56

B2B Addressing ACH Operator ACH Operations 56