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

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

Fintech Finance

JULY 10, 2024

By making progressive inroads into digitisation of commercial payments, Network continues to contribute towards the UAE’s aspirations for a cashless economy.” The solution is designed to reduce the costs for travel businesses payments through an innovative pricing model and efficiency through Mastercard’s virtual card technology.

Visa 89

Visa Cross-Border Payments Cross-Border Payments 89

PYMNTS

NOVEMBER 30, 2018

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation.

Commercial Card 86

Commercial Card Visa Payer Automation 86

PYMNTS

MAY 18, 2018

A new report from Mastercard links use of commercial cards to cost savings for businesses, according to reports in Verdict. Use of a commercial card program to manage employee travel expenses, however, reduces these operational costs and is linked to add-on benefits like travel insurance and rewards.

Commercial Card 40

Commercial Card Visa Disputes Procedures 40

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

NOVEMBER 26, 2018

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. percent of incoming payments volume for B2B vendors by 2020 — up just 1.5

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

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

FEBRUARY 27, 2019

card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. ” The Commercial Card Debate.

Commercial Card 70

Commercial Card Caps Regulations Card Issuer 70

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

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

MAY 29, 2019

Mastercard is rolling out a commercial card product designed for small businesses across Asia Pacific in a new collaboration with United Overseas Bank (UOB), an announcement Tuesday (May 28) said. Of these, most use their commercial credit cards in the region for travel and business entertainment.

Commercial Card 46

Commercial Card APACS Visa Small Business 46

PYMNTS

NOVEMBER 4, 2019

Earnings season is upon us, offering insight into business spending among payment network giants such as Visa , Mastercard and WEX — across cards and, of course, cross-border payments. In the Mastercard results late last month, management said it had seen growth across credit, debit, prepaid and commercial spending.

Commercial Card 40

Commercial Card B2B Visa Cross-Border 40

Fintech Finance

APRIL 10, 2024

Mastercard has announced a realignment of its teams centered on three interdependent areas of Core Payments, Commercial & New Payment Flows and Services. Raj Seshadri will lead Commercial & New Payment Flows as Chief Commercial Payments Officer.

Visa 52

Visa Real Time Payments Commercial Card Cybersecurity 52

Payments Source

SEPTEMBER 25, 2019

Mastercard signaled a new direction for corporate payments when it bought VocaLink a few years ago, and the company’s emerging vision for a B2B payments network suggests a new challenge for its commercial cards business.

Payment Networks 70

Payment Networks B2B Commercial Card Visa 70

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. In Mastercard's case, that involves embracing a mix of interoperable payment rails via its Mastercard Track Business Payment Service.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

NOVEMBER 16, 2020

Mastercard has added a new Account-to-Account (A2A) service to its Track Business Payment Service , to help businesses exchange data more efficiently and perform payments across multiple rails, a press release says. According to research from Mastercard, almost 80 percent of mid-size and larger suppliers see risk in sharing bank account data.

Visa 81

Visa Business Payments Payments Commercial Card 81

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

JUNE 28, 2019

Mastercard is deploying its Masterpass technology for the first time in Turkey, collaborating with Coca-Cola Icecek to facilitate transactions between the beverage conglomerate and corporate buyers. According to the companies, sales representatives can receive orders via the mobile apps they already use to interact with clients. ”

Visa 40

Visa B2B Commercial Card Payments 40

PYMNTS

APRIL 13, 2020

Aquilina previously spent almost eight years working in commercial card products at Mastercard prior to joining the Portland, Maine-based WEX. Bank and was in charge of fleet card programs. “As The new team’s focus will be on the $27 trillion domestic B2B payments market. He also previously worked at U.S.

B2B 95

B2B Payments Commercial Card Processors 95

PYMNTS

MAY 6, 2019

As European Union (EU) authorities continue to combat interchange fees charged by credit card companies Visa and Mastercard , some are now calling on such regulatory action to apply to corporate and commercial cards as well. Earlier this year, the EC issued a $648.3 Earlier this year, the EC issued a $648.3 ” .

Commercial Card 46

Commercial Card Caps Regs Visa 46

PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market.

Commercial Card 40

Commercial Card Cash Management Treasury Visa 40

PYMNTS

APRIL 15, 2019

Mastercard has announced it is upgrading commercial cardholders’ back-office insights by providing companies with more data for Amazon Business transactions. “For many businesses, reconciling B2B transactions can be challenging due to lack of robust reporting tools,” the company said in a release.

Visa 70

Visa Enrollments Commercial Card Correspondent 70

PYMNTS

JUNE 21, 2018

Mastercard is broadening its partnership with corporate payments firm Nvoicepay by linking corporate customers to Nvoicepay solutions, the companies announced on Thursday (June 21). Our partnership with Mastercard is a significant milestone as we continue to expand capabilities and meet the needs of complex global enterprises.

Visa 46

Visa B2B Push-to-Card Payroll 46

PYMNTS

OCTOBER 19, 2016

B2B payments firm Bottomline Technologies has announced a new integration to support payments using Mastercard virtual card technology. 18) said Bottomline is integrating Mastercard In Control for Commercial Payments into its payment platform Paymode-X. An announcement Tuesday (Oct.

Visa 66

Visa Commercial Card B2B Payment Networks 66

PYMNTS

JANUARY 18, 2019

Mastercard ‘s commercial card spend management solution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. That collaboration similarly involves the integration of Mastercard In Control.

Visa 55

Visa Commercial Card Automation Financial Analysis 55

PYMNTS

MARCH 17, 2017

Mastercard is once again expanding its presence in the B2B payments market, this time in the Asia Pacific region. A partnership with Eko-Pay , announced Thursday (March 16), will see the launch of Eko-B2B across APAC. The solution integrates with Mastercard’s inControl platform to automate accounts payable.

APACS 43

APACS B2B Visa Payments 43

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

OCTOBER 29, 2019

Mastercard posted results Tuesday (Oct. 29) that showed continued traction in new payment flows, especially B2B, core debit and credit spending. billion, and Mastercard increased its card count 6 percent to 2.6 Commercial Card Pacts and Click to Pay. Switched transactions grew by 20 percent to 22.9

Volume 40

Volume Visa Cross-Border B2B 40

PYMNTS

APRIL 12, 2018

Bank is mobilizing Mastercard commercial card products, the financial institution (FI) announced on Wednesday (April 11). Bank Corporate Travel Card said it will now support mobile payments for corporate customers using business travel cards that run on the Mastercard network. In a press release , U.S.

Visa 46

Visa Commercial Card Payer Mobile Payments 46

PYMNTS

SEPTEMBER 9, 2020

The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Mastercard Streamlines Amazon Expense Management. Airbase Spend Signals Rising Card Adoption. We should let them be used for EV charging, too.".

Payment APIs and Integration 94

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

PYMNTS

APRIL 17, 2020

With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. In a press release, Everee noted Origin Ventures and Signal Peak Ventures co-led the investment round, which will go towards product development and investments in sales and marketing.

B2B 77

B2B Cross-Border Cross-Border Payments FinTech 77

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

FEBRUARY 14, 2018

Beyond the stereotype of the piña colada on the beach and tropical climates, the Caribbean beckons as a hot spot for B2B payments through virtual commercial cards. This is just more of that, in a different region, with a great partner in Mastercard.”. The STP model is particularly suited for the Caribbean, said Leavitt.

B2B 40

B2B Visa Commercial Card Payment Solutions 40

PYMNTS

FEBRUARY 23, 2020

Revolution Payments is streamlining the process of commercial cards and interchange fees with its new NetSuite Level III Credit Card Processing Solution, the company announced on Friday (Feb.

Commercial Card 89

Commercial Card Credit Cards Payments Visa 89

PYMNTS

OCTOBER 25, 2019

Mastercard is strengthening its existing collaboration with commercial card startup Brex to fuel growth in the U.S., Brex added that it plans to develop and roll out additional products and services using Mastercard’s network. the companies announced on Thursday (Oct. “Co-creation is in our DNA. .

Visa 43

Visa Commercial Card Identity Theft Innovation 43

PYMNTS

AUGUST 13, 2020

B2B FinTechs are once again showing the different use cases for corporate card technology and how these offerings add value to the enterprise. While Comdata will connect CarrierHQ fleets with access to its OnRoad Card, Convoy rolled out a new fuel card that provides trucking companies with discounts on fuel.

Use Case 56

Use Case B2B Online and Mobile Banking Credit Cards 56