PYMNTS

JANUARY 28, 2021

When it comes to strengthening the B2B payment proposition, oftentimes, tackling friction for only one side of a transaction is no longer sufficient. For the payer, this means interest-free cash flow for up to 55 days, the company said in its announcement. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

JANUARY 22, 2021

Today in B2B payments, TripActions announces new funding that values the T&E startup at $5 billion, while OneSource Virtual launches invoice payment capabilities. Plus, iBanFirst launches B2B payment traceability tool, Georges rebrands with new funding, and HashCash partners with a bank on blockchain payments.

B2B 66

B2B Payments Blockchain Payee 66

PYMNTS

DECEMBER 2, 2019

Digital identity solutions provider Signicat is partnering with payment information firm SurePay to combat B2B payments fraud. Payers are warned of any mismatch between payee identity and bank account information in real time in an effort to combat identity and payments fraud , the firms said.

Due Diligence 40

Due Diligence B2B Payee Payer 40

PYMNTS

SEPTEMBER 14, 2017

One exception may be in the T&E space, in which FinTechs are introducing ways for employees to make B2B payments and integrate transaction data into expense management systems, a reflection of the mobile nature of the traveling employee. In some ways, the app is a reflection of existing corporate payer needs.

B2B 55

B2B Payment APIs and Integration Due Diligence Payer 55

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. But addressing payee needs is just as critical to easing the digital migration.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

OCTOBER 24, 2016

But late last week, Visa announced that it will be rolling out Visa B2B Connect, a platform for banks to make payments and settle funds across borders using Chain Core, the blockchain infrastructure developed by Chain. “The payers and the payees are going to have greater visibility and transparency into transactions,” he said.

Blockchain 77

Blockchain B2B Real Time Payments Payer 77

PYMNTS

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. Providing payers with this information could make it easier for them to quickly and efficiently pay their suppliers.

B2B 40

B2B Federal Reserve Payee FedWire 40

PYMNTS

OCTOBER 23, 2017

TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. It presents major opportunities in the B2B payments space, the executive of the corporate payments company added. Whether it’s an employee or a supplier, payees each have different needs that corporates must keep in mind, Bloh said.

B2B 45

B2B Payee ACH Payer 45

PYMNTS

OCTOBER 1, 2018

In a press release, NACHA said that the partnership will align the efforts with both organizations to facilitate business-to-business (B2B) payments through development and deployment of a B2B payments and remittance directory. The] BPDA was formed to bring to market the B2B directory,” said Lawrence Buettner, BPDA chairman. “By

NACHA 56

NACHA Business Payments Payee ACH 56

PYMNTS

AUGUST 3, 2018

Discover Financial Services is pushing for digitization of B2B payments in the U.S. The companies said Discover will be working with the BPDA, recently formed to create a business payments directory to make it easier for payers to electronically make B2B payments, to create a blockchain-powered platform. for B2B transactions.

B2B 40

B2B NACHA API Payee 40

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

DECEMBER 10, 2019

The convergence of accounts payable (AP) and accounts receivable (AR) continues as banks and FinTechs collaborate on new solutions that pull double-duty, tackling friction for both payers and payees.

Payee 52

Payee Payer B2B Accounts 52

PYMNTS

MAY 24, 2016

The firm revealed the rollout of its commercial payment solution, TSYS Virtual Payment Precept (VPP), a virtual payment tool for accounts payable and accounts receivable to streamline reconciliation and heighten risk controls in the B2B payments space, the company said.

B2B 41

B2B Security Fraud Detection Payee 41

PYMNTS

DECEMBER 12, 2019

Last month, Bill.com announced a slew of updates to its corporate payments platform designed to ease friction for both payers and payees in business-to-business (B2B) transactions. You can bet on much more movement toward digital in this vital part of the global economy.

B2B 52

B2B Cross-Border Payments Cross-Border Payments 52

PYMNTS

APRIL 12, 2018

Although discussion threads are not public, Hathaway said the flow is essentially a “Twitter for B2B.”. Once the payee has pinged the payer, the payee can present questions that are either automated or part of the payee’s workflow to determine the reason for the discrepancy and resolve the issue.

Payer 46

Payer Accounts Payee Automation 46

PYMNTS

MARCH 29, 2018

This creates an interesting predicament for B2B payments disruptors: Should technology be used to make paper checks less friction-filled, or should it be used to entice businesses away from the paper check altogether? ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said.

Checks 43

Checks B2B ACH Payments 43

PYMNTS

JULY 17, 2019

For payees, NetNow accelerated payments can be used to reinvest back into their businesses, expand product lines, fund inventory, grow sales teams and more. We are proud to be the only accounts payables automation vendor who offers this program embedded directly within its platform for easy payer and payee adoption.”.

Payee 44

Payee Multi-Currency Payer PayPal 44

PYMNTS

OCTOBER 25, 2017

Embracing electronic B2B payments is a two-way street: Payers and payees alike have to put in the effort to make the change. According to his colleague, Matt Richardson, head of Product Solutions within Citizens’ Treasury Solutions unit, this is a particularly impactful trend in B2B payments.

B2B 45

B2B Payments Treasury Payee 45

PYMNTS

MARCH 16, 2018

The solution would require both payer and payee to create a blockchain-based digital wallet, enabling payments to occur on the blockchain platform itself rather than via a third-party institution. If approved, the platform would automate processing and adjust accounts on both ends of the transaction.

Faster Payments 77

Faster Payments Blockchain Payee Payments 77

PYMNTS

AUGUST 15, 2018

B2B payments continues to enjoy its moment in the innovation spotlight, but the industry still has a long way to go if it’s going to beat the race against paper and manual processes. ACOM Solutions SVP of Core Business Division James Scott says there are a few things that the B2B payments industry is certainly getting right today.

B2B 40

B2B Payments B2C API 40

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct. Partnerships & New Initiatives, Visa Business Solutions.

Automation 47

Automation Reconciliation Card Issuer Payee 47

PYMNTS

NOVEMBER 18, 2020

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Just ask the estimated 42 percent of small- to medium-sized businesses ( SMBs ) that continue to use paper checks to make B2B payments.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting. Customer Choice. Scale is required to innovate, but it’s not enough to have a better solution,” he said. Innovation Ahead.

Accounts 53

Accounts B2B End User Payer 53

PYMNTS

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. B2B payments in particular saw an 11.7 Just which payment rail they will migrate to, however, remains unclear.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

PYMNTS

MARCH 9, 2020

Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand. Payers who receive the requests can then decide to comply and issue the funds in real time or decline the transaction.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

NOVEMBER 18, 2019

Last month, Bill.com announced a slew of updates to its corporate payments platform designed to ease friction for both payers and payees in B2B transactions.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Payee Payer 40

PYMNTS

JANUARY 21, 2020

Unique to the services and B2B industries is the fact that those services or goods are provided before payment is made, opening up the opportunity for an end customer to, in theory, take as long as they would like to settle the bill – even if that bill arrives quicker. “Every payee is different,” he said.

Accounts 64

Accounts Payee Automation Payer 64

PYMNTS

JANUARY 14, 2020

This week’s look at payment rail innovation explores how B2B payments players are embracing technologies that either ease friction for banks, or offer corporates an entirely new alternative to their financial institutions (FIs). Paystand Collaborates on New B2B Payment System. ATCE Sews New Payment Rail Seeds.

Innovation 53

Innovation Cross-Border Cross-Border Payments B2B 53

PYMNTS

NOVEMBER 17, 2017

But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s s Faster Payments scheme , some are beginning to realize that, when it comes to corporate payers, real-time payments capabilities can offer more than speed. Take payroll, for example.

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

PYMNTS

OCTOBER 10, 2018

When it comes to business-to-business (B2B) transactions, paper checks are often the villain, cards an expensive but quick underdog, and ACH and its non-U.S. Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

PYMNTS

MARCH 6, 2018

Commercial cards make up just a fraction of the supplier payments space, but the rise in virtual card technology – and the efficiency and security that come along with it – could help card issuers grab a larger slice of the B2B payments market. They are also an excellent way to facilitate payments from a wide range of payers.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

JUNE 6, 2019

Business consultancy CGI has announced a collaboration with invoice payments FinTech Ordo to develop a service that combats fraud for both payers and payees. In a press release on Wednesday (June 5), the companies announced their tie-up, which aims to boost efficiency of invoice payments on both sides.

Payee 48

Payee Payer Payments Push-to-Card 48

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

JULY 31, 2019

With NetNow, he said, Tipalti already has existing relationships with payers and payees and “a huge source of data” at the ready, enabling it to provide accounts payable and remittance services for clients. Payment processing can begin on the same day (although payments, done through wire, check, U.S.

Faster Payments 69

Faster Payments Payee Payments Underwriting 69

PYMNTS

FEBRUARY 20, 2018

While the CPMI’s research highlights the challenges of consumer retail payments, the need to address friction in cross-border corporate payments is just as imminent, especially as B2B payments can involve a greater degree of complexity. Card networks have also taken measures to increase their presence in the B2B payments market.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

OCTOBER 31, 2019

It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Although the traditional lockbox can support access to this information, the fact that B2B payments are digitizing cannot be ignored. Take the lockbox, for example.

Lockbox 43

Lockbox Remittance Data Checks RTP 43