PYMNTS

MARCH 27, 2020

Their use for B2B payments, however, remains limited — but in the U.K., Payments Initiation, which is enabled by PSD2, is driving the adoption of Open Banking” in the business banking and payments space, she told PYMNTS, pointing to the benefits of lower transaction fees, speed and elevated security as key drivers of adoption.

Payment Initiation 60

Payment Initiation B2B Online and Mobile Banking Small Business 60

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. That’s not to say that small- to medium-sized business (SMB) invoice payment challenges are any easier to overcome. Conflict Of Interest.

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

PYMNTS

JUNE 11, 2020

Cash is king, and today, cash flow management is an imperative function for large corporations and small businesses — many of which continue to struggle with the market volatility and business disruption caused by the COVID-19 pandemic. Xero, Transferwise Team For SMB Cash Flow. AscendantFX Eases Payment Instruction Hurdles.

B2B 52

B2B Payee Cross-Border Small Business 52

PYMNTS

SEPTEMBER 10, 2019

The B2B payments discussion often centers around innovators’ efforts to kill the check. There is no straight line to killing the check, but in the path to B2B payments innovation, a plethora of possibilities emerges. B2B Payments’ Innovation Agenda. According to Phalen, that includes speed, transparency and global scale.

B2B 59

B2B Cross-Border Payments ISO 20022 59

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. “Checks will be around for a while. .”

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

APRIL 1, 2020

. “The answer to this problem has to be more than the federal government offering low interest loans to business owners,” Alignable Co-Founder and CEO Eric Groves said in a statement. The B2B FinTech ecosystem seems to agree.

B2B 67

B2B Product FinTech Payer 67

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

SEPTEMBER 19, 2019

This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers. Bento for Business estimates that the U.S.

B2B 53

B2B Innovation Real Time Payments Same Day ACH 53

PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. Small Business Card Use On The Rise. Virtual Cards Drive B2B Payments Consumerization.

Office of the Comptroller of the Currency 66

Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments.

B2B 65

B2B Cross-Border Commercial Card Cross-Border Payments 65

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

Stax

APRIL 23, 2024

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. Among those announcements includes a deepened integration with PayPal, which allows small businesses using QuickBooks to send out invoices with a feature enabling debit and credit card payment on those bills, facilitated by PayPal.

Use Case 52

Use Case B2B Commercial Card Cross-Border 52

PYMNTS

JUNE 5, 2018

While the same cannot necessarily be said about business customers, the findings do highlight the progress technology conglomerates have made in the financial services space: Traditional banks are no longer the only option for customers. This combination will be the driving force for getting businesses to adapt.”

B2B 46

B2B PayPal Payments Payee 46

PYMNTS

DECEMBER 23, 2019

But Scott Wolfe, CEO of Levelset (formerly known as Zlien), told PYMNTS that market fragmentation is holding up B2B cash flows, even as larger contractors or lenders want to disburse payments down the supply chain. Small businesses are the fabric of the construction industry,” he said. Regulation Steps In. In the U.K.,

B2B 52

B2B Faster Payments Payments Payer 52

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. Late and delayed B2B payments have turned many small business suppliers into a sort of “free bank” for their corporate customers.

B2B 40

B2B Payments Small Business Credit Cards 40

PYMNTS

OCTOBER 23, 2017

TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. There are still a lot of checks and traditional means of pain that businesses have not been able to move away from.”. There are still a lot of checks and traditional means of pain that businesses have not been able to move away from.”.

B2B 45

B2B Payee ACH Payer 45

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 percent from 2017 volume.

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

PYMNTS

MARCH 23, 2017

So when consumers are cautiously embracing mobile payments, it’s no wonder that corporate payers are even slower at taking up the technology. Still, adoption is slowly but surely on the rise, with businesses beginning to consider using the technology for their own payment needs, too. Bank has lent support for mobile B2B payments.

B2B 51

B2B Online and Mobile Banking Commercial Card Mobile Payments 51

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

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. Further, 64 percent of businesses said they see their invoices go 60 days or longer without being paid.

B2B 69

B2B Payments Small Business Payer 69

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. But there is a third party involved in this transition that plays a huge role in businesses’ ability to put down the paper: the bank. There is a lot going on in B2B payments,” he said.

B2B 45

B2B Payments Treasury Payee 45

PYMNTS

OCTOBER 27, 2016

Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs. there is evidence that B2B payment practices are improving. In the U.S., But the U.S.

Cash Management 75

Cash Management Small Business B2B Finance 75

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. Vroozi Pay Eyes Vendor Relations.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

JUNE 24, 2019

In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

JUNE 18, 2020

Kate Carnell , the small business ombudsman of Australia, however, called the remark “stupid” and noted “there would be a lot of businesses trading insolvent” if firms didn’t possess the necessary funds to remunerate suppliers on schedule, The Australian reported.

Small Business 56

Small Business Payer Government Governance 56

PYMNTS

SEPTEMBER 10, 2019

With other payment processors, when a small business is looking to get paid, it can take 24, 48, sometimes 72 hours over the weekend for that payment to hit,” Bill Clerico, CEO of WePay , told CNBC. It also offers a virtual B2B card created in collaboration with Bora Payment Systems that helps clients pay their vendors.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Processors Payer 77

PYMNTS

JULY 23, 2019

PYMNTS research estimates businesses across industry and sizes are owed $3.1 trillion on any given day as more businesses deploy a “buy now, pay later” strategy when procuring and buying from other businesses. Indeed, sluggish B2B payments can be felt the world over. In the U.S., The firm, which announced a $33.6

Payments 58

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

PYMNTS

JANUARY 28, 2020

.’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. 1, a move that could encourage broader use of RTP in the B2B payments arena. percent jump. SMBs Embracing the Blockchain Rail.

Same Day ACH 79

Same Day ACH RTP NACHA ACH 79

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

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. Indeed, it can be difficult for businesses to change their payment habits. It's not just about the speed.". What Will Drive Adoption Tomorrow?

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

NOVEMBER 7, 2016

4), the FinTech firm revealed a new service geared towards SME payers. based Xendpay is rolling out Xendpay Business , an online money transfer service for small businesses that need to make international payments. The business model has been endorsed by Wikipedia Founder Jimmy Wales, the company pointed out. .

Cross-Border Payments 67

Cross-Border Payments Cross-Border Payer Small Business 67

PYMNTS

DECEMBER 22, 2020

In a recent interview with PYMNTS, Kountable CEO Chris Hale reflects on how the pandemic has altered small businesses' biggest friction points in a market full of uncertainty and complexity, and what's on the horizon as new technologies emerge to drive inclusivity for SMBs in the global trade ecosystem. Intensifying Challenges.

Cross-Border 106

Cross-Border Central Bank Digital Currency Due Diligence 106

PYMNTS

JANUARY 30, 2018

29) said only 17 businesses in Scotland have complied with requirements under the payment practices and performance reporting rules, which require larger companies and LLPs to submit reports every six months on their B2B payment practices. Reports in The Times on Monday (Jan.

Rules 40

Rules Small Business Payer B2B 40

PYMNTS

JANUARY 16, 2020

Prepaid corporate card solution provider Soldo is teaming up with NatWest to connect joint business customers to small business loan solutions. Last October, the bank announced a pilot test of biometric corporate cards that enable business payers to use a fingerprint instead of a PIN to authorize transactions.

Small Business 52

Small Business Payer Commercial Card Authorization 52

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. He recently told PYMNTS that small business accountants are much like their clients in the way they make and receive payments.

Accounts 44

Accounts Wire Transfer Wires Wire 44

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