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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 commercialcards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction.
Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.
One survey respondent told the AFP that more than 100 commercialcards in the company’s card program “fell victim to a credit master attack.” “Organizations are now using measures, such as positivepay, to a much larger extent than before, after its use declined in 2016,” the AFP noted.
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