PYMNTS

JULY 18, 2020

Though the coronavirus pandemic has highlighted the impact of late B2B payments in the U.S. Speaking with the publication, Federation of Small Businesses Senior Policy Advisor Daniel Bellis warned that even top-performing vendor payers may still have lackluster processes in place. both due to U.S. Australia and Malaysia.

Addressing 85

Addressing B2B Payer Payments 85

EBizCharge

MAY 15, 2024

To better understand what and who is involved in these transactions, this article will dive into common business-to-business (B2B) terminology and payment methods. What are B2B payments? A reliable B2B payment system plays a pivotal role in the smooth operation of businesses across industries. How do B2B payments work?

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

JULY 6, 2020

Steady digitization in stale B2B payments and the open banking movement are two closely related and increasingly exuberant expressions of money’s digital makeover. Impacts expected from open banking on the laggard B2B payments space are hard to understate. It’s worth the effort, as the growing number of B2B payments use cases prove.

API 76

API B2B Payment APIs and Integration Legal Framework 76

Fintech Finance

JANUARY 18, 2024

Supporting B2B healthcare claim settlements with virtual cards To support healthcare providers and insurance companies, Mastercard is pioneering a first of its kind medical claim payment solution with key partners using its innovative virtual card technology.

Visa 52

Visa B2B Innovation Payment APIs and Integration 52

PYMNTS

APRIL 1, 2020

The B2B FinTech ecosystem seems to agree. Although connecting SMBs to capital is essential, it’s not the only challenge that B2B FinTechs are tackling with their newest offerings. Also targeting supply chain volatility is PayCargo , a company that facilitates payments between payers like forwarders to vendors like airlines.

B2B 67

B2B Product FinTech Payer 67

PYMNTS

MARCH 18, 2020

Goldman Sachs recently announced that it will offer its Global Payments capabilities on the SAP Ariba Network, a solution designed to enable faster, more affordable cross-border B2B payments. 1st Commercial Credit Discusses Payables Finance. Western Union Targets Law Firms.

B2B 67

B2B Cross-Border Payments Payer 67

Fintech Finance

MAY 1, 2024

Outpayce currently provides payer services to help travel sellers make B2B payments to airlines and hotels using modern methods like virtual cards with its B2B Wallet solution. The post Outpayce Granted eMoney License to Offer Regulated Payments Services appeared first on Fintech Finance.

Regulations 52

Regulations Debit Card Payments Payer 52

PYMNTS

FEBRUARY 21, 2020

In a market ecosystem where Instagram influencers are a new norm in advertising, and where corporate sponsorships are diversifying throughout the digital ether, businesses’ vast network of strategic B2B partnerships is getting even bigger, and more complex. From Discovery To Payment. Slashing The AP Ambiguity.

B2B 65

B2B Process Automation Payments 65

PYMNTS

SEPTEMBER 14, 2018

NACHA has tapped AeroPay Express as its newest Preferred Partner for B2B Electronic Payment Enablement, the organization said Thursday (Sept. B2B payments today cause many significant challenges for AP/AR [accounts payable/accounts receivable] departments.

NACHA 49

NACHA B2B Payments Payer 49

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

PYMNTS

MARCH 27, 2020

Their use for B2B payments, however, remains limited — but in the U.K., As Roy explained, there are certain advantages of the QR code specifically that can address the unique pain points of smaller and micro B2B businesses in particular. A B2B Opportunity. open banking may be able to change that.

Payment Initiation 60

Payment Initiation B2B Online and Mobile Banking Small Business 60

PYMNTS

SEPTEMBER 17, 2019

However, while many believe B2B payments are stuck in the past, Kevin Phalen, the global head of Visa Business Solutions, has a more optimistic viewpoint. “I I would say we’re seeing the most change we’ve seen in this space in probably decades,” Phalen told Karen Webster as he opened this year’s PYMNTS B2B Payments Executive Forum.

B2B 52

B2B Innovation Payer Cross-Border 52

Paystand

APRIL 16, 2024

This article was originally posted on businesswire.com Company expands ISV Partnerships, adding ERP Connect Consulting SCOTTS VALLEY, Calif.--( BUSINESS WIRE )-- Paystand , the global leader in B2B payments, today announced it has brought full payments integration to Microsoft Dynamics 365 Business Central.

ISVS 52

ISVS Consulting Payments Payer 52

PYMNTS

MARCH 7, 2019

based corporate finance operation, is broadening its position in the trade finance landscape through an acquisition of Global Technology Finance , which provides supply chain finance to value-added resellers targeting the technology sector, according to reports in Asset Finance International.

Finance 51

Finance Payer Small Business Non-Bank 51

PYMNTS

MARCH 14, 2018

Today, alternative small business (SMB) lending company Fundbox is launching Fundbox Pay, a solution the company says will move its credit offering closer to the B2B transaction itself. Fundbox Pay turns the tables and puts money in the supplier’s pocket by making it possible for the buyer to do that by financing those payments.

B2B 40

B2B Payments Small Business Credit Cards 40

PYMNTS

OCTOBER 1, 2018

As it turns out, in Europe, late payments in the B2B space seem to be a continent-wide problem. In a wide-ranging survey of B2B activity in Eastern Europe, trade credit insurer Atradius reported that payment delays tied to insufficient funds have been on the rise in the region, up 10 percent over last year. percent the year before.

B2B 49

B2B Payments Payer Credit Risk 49

PYMNTS

JUNE 5, 2018

That includes corporates, too, as firms like PayPal press into the B2B payments and small business finance market – but they’re not always doing it alone. Working with PayPal, the company said, could ease friction for both payers and payees in the B2B payment process, encouraging firms to pay their vendors more quickly.

B2B 46

B2B PayPal Payments Payee 46

PYMNTS

MAY 7, 2020

But process mining has potential on the other end of a B2B transaction as well. Accounts payable and accounts receivable are the most in-demand areas within finance that we’re looking at,” said Thomsen. They’re clear levers for bolstering liquidity, which is very important right now amid COVID-19.

Process 56

Process B2B Payments Accounts 56

PYMNTS

OCTOBER 14, 2016

That’s how invoice financing company Aztec Exchange , based in Ireland, found itself spreading into Spain and Latin America. But there was more to this global expansion, explained COO Oliver Gabbay, than entering markets where small suppliers are struggling to access financing. Late Payments.

Finance 62

Finance Regulations Payer Compliance 62

PYMNTS

APRIL 22, 2020

With more B2B payment technology providers turning their attention to the electronic invoice, the document has become a keystone that connects accounts payable (AP) and accounts receivable (AR) portals. Trade finance company Tradewind Finance is positioning itself to ease cash flows on both the AR and AP ends of the B2B spectrum.

Payment APIs and Integration 56

Payment APIs and Integration Payer B2B Automation 56

PYMNTS

MAY 4, 2020

With finance professionals no longer able to receive paper invoices and checks in the mail, Neal Anderson, president and CEO of OnPay Solutions, said organizations are quickly realizing that the status quo is no longer acceptable. “The ultimate B2B payment is really a virtual card,” he said.

Payer 66

Payer B2B Due Diligence Reconciliation 66

PYMNTS

JANUARY 25, 2019

Thielens said payments is a particularly interesting area, considering how much innovation has occurred in the last decade with payers (consumer and corporate alike), demanding greater choice and variety in how they make payments.

API 69

API Payment APIs and Integration Finance Facilitators 69

PYMNTS

FEBRUARY 20, 2020

Indeed, the late payments epidemic is heightening awareness of the importance of cash flow management – but, according to Toni Dare, MD of Pulse Cashflow Finance , full understanding continues to lag, particularly among young businesses. ” Finding Balance Through Financing. In the U.K.,

Payer 62

Payer Finance Small Business Continuity 62

PYMNTS

AUGUST 6, 2018

The movement to speed commerce comes alongside the movement to open up trade finance, the funding of international trade through various agreements between sellers and buyers. But when late payments become part of the tapestry, financing options and inventiveness suffer. One notable user of such financing: Carillion, the U.K.

Finance 40

Finance Payments Payer Laws 40

PYMNTS

DECEMBER 26, 2018

Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions.

Blockchain 80

Blockchain Cross-Border B2B Payments 80

PYMNTS

MAY 13, 2020

With the restaurant industry so deeply rooted in the customer experience, Contardi noted that the B2B side of the market hasn’t quite followed suit with the B2C side when it comes to offering a better payments workflow. ” That was the motivation behind the recent rollout of integrated B2B payments capabilities for AutoQuotes. .”

B2B 52

B2B Credit Cards Payer B2C 52

PYMNTS

JULY 23, 2019

Indeed, sluggish B2B payments can be felt the world over. In addition to its factoring solution, Billie has also introduced an online point of sale (POS) financing solution for corporate buyers to access capital to finance their purchases and accelerate funds to the merchant. In the U.S., The firm, which announced a $33.6

Payments 58

Payments Point-of-Sale (POS) Small Business Payer 58

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

DECEMBER 21, 2020

Additionally, she said she sees the solution as a new financing tool for small- to medium-sized businesses ( SMBs ). “We We see it as a new way for small businesses to use and benefit from their commercial card, by enabling small businesses to use their card as a financing tool, similar to having a loan in your pocket,” Ramsay said.

Commercial Card 70

Commercial Card Cross-Border Payments Cross-Border B2B 70

PYMNTS

OCTOBER 27, 2016

But B2B payment habits continue to stifle suppliers’ growth plans across the globe, found the latest Working Capital Outlook Survey released by C2FO this month. there is evidence that B2B payment practices are improving. SMEs told C2FO that their corporate payers are paying late, down from 20 percent last year. In the U.S.,

Cash Management 75

Cash Management Small Business B2B Finance 75

PYMNTS

FEBRUARY 15, 2018

The conversation around B2B payments innovation and progress cannot be held without the banks. ” Fox spoke with PYMNTS for its latest B2B API Tracker, powered by FI.SPAN. Check out a full breakdown of the latest news in B2B API trackers in PYMNTS’ latest report. Different Markets, Different Challenges.

API 65

API Payment APIs and Integration NACHA Cross-Border 65

PYMNTS

DECEMBER 22, 2020

But when doing business abroad, often with large multinational corporations (MNCs), smaller firms can struggle to access the resources they need to level the playing field with their larger counterparts, from workflow technologies to trade finance. Driving SMB Inclusivity.

Cross-Border 106

Cross-Border Central Bank Digital Currency Due Diligence 106

PYMNTS

NOVEMBER 5, 2018

According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. ACH may be the most popular ePayments rail option for B2B transactions in the U.S. today, but it’s not the only one.

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

JULY 23, 2019

That collaboration enabled businesses using SAP Ariba to send and receive B2B payments to access new financing options from directly within the Ariba Network. American Express is deploying Ariba Network APIs to integrate virtual cards as a new offering for business payers, the companies explained at the time.

Risk 47

Risk Risk Mitigation Payment APIs and Integration Database 47

PYMNTS

DECEMBER 12, 2017

That’s the status quo in corporate payments, and it’s not only creating friction for the business payer; it’s creating headaches for small business (SMB) accounting too. Cards, for instance, can address many areas of friction for smaller-value B2B transactions, while ACH is an appropriate rail for high-value B2B payments, the executive added.

Accounts 44

Accounts Wire Transfer Wires Wire 44

PYMNTS

OCTOBER 19, 2016

Small business financial services firm Intuit is taking advantage of Apple’s move to roll out Apple Pay as a web offering, linking the electronic payment tool into its QuickBooks platform for B2B payments. ” Intuit added that the integration of Apple Pay into the QuickBooks platform is part of an effort to accelerate B2B payments.

B2B 69

B2B Payments Small Business Payer 69