PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction.

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ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

JANUARY 21, 2019

What businesses may often miss in their growth trajectories, however, is the importance of focusing on back-office operations, particularly when it comes to finance and payments. Usually, the back office, where payments come in or go out, [is the] last to be addressed.” ” The First Step — And Beyond. A Holistic View.

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PYMNTS

SEPTEMBER 21, 2016

Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. In B2B payments, those characteristics could have a significant impact on supplier payments and other B2B payment habits.

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PYMNTS

FEBRUARY 25, 2020

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. Achieving this goal in improving B2B payments means moving beyond the transaction itself. The Remittance Challenge. This is what businesses are asking for.

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PYMNTS

DECEMBER 20, 2018

The payments industry has been talking about the digitization of B2B transactions for years, maybe decades, with not much of a nudge of that needle. Corcentric President and COO Matt Clark recently told PYMNTS’ Karen Webster that some of the industry’s missteps can be traced back to the beginning of the digital B2B push.

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PYMNTS

FEBRUARY 19, 2019

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. “We see faster payments coming into the U.S. In the U.K., In the U.K.,

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Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

DECEMBER 29, 2020

In a time of mass illness and economic contraction, are doctors and hospitals feeling OK about payments? Demystifying the matter is PYMNTS December 2020 Digitizing B2B Payments Tracker® done in collaboration with Deluxe , examining the hurdles now set out before healthcare providers. Treating A Payments Toothache.

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PYMNTS

DECEMBER 21, 2016

The NBA’s Orlando Magic may not be the first franchise that comes to mind when one thinks of B2B payments technology, but Viewpost changed that with its announcement Tuesday (Dec. Viewpost is like Facebook for B2B payments,” said Orlando Magic Vice President of Finance Jeff Bissey in a statement. “It

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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.

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PYMNTS

NOVEMBER 16, 2020

Fast-growing payments automation firm Transcard is rolling out an account-to-account (A2A) solution that it says will boost the speed and efficiency with which buyers and sellers are able to exchange money and data, while reducing risk as well. 16) press release issued by the Chattanooga, Tenn. based company.

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Accounts Payment Solutions Payment APIs and Integration Remittance Data 69

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Indeed, the U.S. Spring’s SMB Support.

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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. Corporations need to get more than just a payment. They want to get information,” the executive noted.

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PYMNTS

OCTOBER 23, 2019

But in payments, understanding whether something is broken in the first place — and, if so, how to fix it — is a complicated matter. Legacy payment rails can be slow and clunky, yet have already reached ubiquity. B2B innovators have a choice when they decide to search for a better way to move money between corporates.

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PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. There were glaring friction points, he said, from regulatory challenges for incompatible payment methods.

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PYMNTS

OCTOBER 1, 2019

Payments company Discover has entered a new partnership with source-to-pay solution provider JAGGAER to power B2B payments on the JAGGAER ONE procurement platform. 1), Discover announced its collaboration to enable payments via virtual card from directly within the JAGGAER ONE platform.

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PYMNTS

JUNE 29, 2018

B2B payments in the insurance industry suffer from many of the same challenges that other markets do: namely, check-based payments. However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine.

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Faster Payments Same Day ACH ACH Remittance Data 40

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. The concept of a B2B payments directory isn’t new. However, in its “ Strategies for Improving the U.S.

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PYMNTS

MARCH 28, 2017

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. But as with any payment technology, gaining traction can be an uphill battle. Among the biggest hurdle is suppliers that don’t accept cards as payment. The reason?

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PYMNTS

MARCH 3, 2020

Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. A Trusted Relationship.

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PYMNTS

OCTOBER 26, 2018

With government and private sector-led initiatives pushing for faster, digital payments across the globe, corporates and financial institutions are still missing a key element of enhanced transactions: data. In corporate banking and payments, the challenges that arise can be vast. But even as regulators like the Fed in the U.S.,

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PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. But a new report from the Association of Financial Professionals , underwritten by JPMorgan Chase , suggests that corporate payments appear to finally be shifting away from paper checks. On Wednesday (Sept.

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PYMNTS

DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. In another scenario, he pointed to some suppliers’ use of early payment discount programs.

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PYMNTS

NOVEMBER 13, 2019

New York-headquartered Boost Payment Solutions is collaborating with J.P. Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. Boost is the only FinTech acquirer solely dedicated to B2B payments. It will serve J.P.

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PYMNTS

JANUARY 24, 2018

Australia is the next jurisdiction to embrace payments speed, with the country preparing for the rollout of its New Payments Platform (NPP), a real-time payments infrastructure, in the coming months. The NPP’s official website highlights four key goals of the faster payments effort. Reports in OpenGov said Tuesday (Jan.

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PYMNTS

NOVEMBER 13, 2019

New York-headquartered Boost Payment Solutions is collaborating with J.P. Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. Boost is the only FinTech acquirer solely dedicated to B2B payments. It will serve J.P.

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Automation Commercial Card Enrollments FinTech 43

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.

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PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. Data’s Favorite Payment Rails. According to Dean M.

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PYMNTS

OCTOBER 31, 2019

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. 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.

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PYMNTS

JUNE 13, 2019

Popular use cases that have emerged in recent years include blockchain’s potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions.

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PYMNTS

DECEMBER 3, 2020

The value of the global cross-border payments market is expected to grow from $27 trillion in 2020 to $35 trillion by 2022. . Embracing cross-border digital payment innovations is critical to mitigating the excessive costs and frictions of relying on old-school cross-border payment rails.

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PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. SMEs are hit even harder by long payment terms that clock in at an average of 72 days, the Asset Based Finance Association found.

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PYMNTS

JULY 27, 2017

In an often-cited report released by NACHA last month, accounts receivables executives said they are gearing up for ACH payments to over take paper checks when it comes to how their business customers pay. Of course, there’s the roadblock of challenging the status quo with which EML Payments must contend too.

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PYMNTS

AUGUST 3, 2017

Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. The vast majority of payments are still made by paper check.”.

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PYMNTS

JULY 21, 2017

The buyer-supplier disconnect in how payments are made and received is a predicament at the cornerstone of many innovative B2B FinTech solutions. ” The payment rail through which these invoices are paid, too, is often backing up payments to suppliers. That’s where the disconnect occurs.”

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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.

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PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Deep Data For Swift, Secure Payments . High-value payment systems operated by the U.S.

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PYMNTS

JULY 16, 2020

With remote working mandates forcing the enterprise to accelerate its digitization journey, CFOs have elevated their payments modernization roadmaps to the top of their priority lists. “For CFOs in this day and age, it’s all about no-touch payments ,” Anderson said. ” Mixing Payments Tools.

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