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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Remittance Data Same Day ACH ACH B2B 69

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. Preserving Check Workflows.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

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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B2B Remittance Data Payments Process 75

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

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.,

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

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

B2B 50

B2B Remittance Data Payments Cash Management 50

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.

Same Day ACH 76

Same Day ACH ACH Checks B2B 76

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.

Accounts 69

Accounts Payment Solutions Payment APIs and Integration Remittance Data 69

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.

B2B 45

B2B Payee ACH Payer 45

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

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. Canadian payments network Interac has experimented with blockchain for consumer payments.

Cross-Border Payments 84

Cross-Border Payments Cross-Border Blockchain SWIFT 84

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.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

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.

Commercial Card 51

Commercial Card Remittance Data Payments Reconciliation 51

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.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

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.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

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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AFP Checks ISO 20022 Cross-Border 51

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.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

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?

Push-to-Card 51

Push-to-Card B2B Payments Commercial Card 51

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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Commercial Card Innovation Payer B2B 52

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.

Real Time Payments 49

Real Time Payments Cross-Border Payments Faster Payments Remittance Data 49

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.

Accounts 74

Accounts Reconciliation Underwriting Credit Limit 74

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.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

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.,

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

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.

ACH 40

ACH Payments Checks B2B 40

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.”.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

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.

Automation 42

Automation Accounts Payments Disputes 42

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.

Blockchain 73

Blockchain Distributed Ledger Technology (DLT) Participant Use Case 73

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.”

Checks 47

Checks ACH Payments Same Day ACH 47

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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ISO 20022 ISOs Interoperability Message Standards 58

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

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.

ACH 68

ACH Remittance Data Payments Strategy Payments Tools 68

PYMNTS

MAY 22, 2017

Remittance advice matching automatically matches data from ACH and wire payments with remittance data sent by various channels, including paper mail, email and fax. ACH and wire repair, meanwhile, automatically fixes information on payments sent via these payment rails when that data is unreadable or missing.

ACH 40

ACH Accounts Wires Wire 40

PYMNTS

NOVEMBER 5, 2018

5) announced the launch of the Billtrust Business Payments Network (BPN), an open buyer/supplier payments platform that Billtrust CEO Flint Lane said will do what other B2B payment platforms have struggled to do: put paper checks on the path to extinction by streamlining and digitizing payments between businesses — and doing it at scale.

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B2B Checks Payments Push-to-Card 78

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.

B2B 65

B2B Push-to-Card Payments Checks 65

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.

Digital Payments 84

Digital Payments Remittance Data Payments B2B 84

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.

Faster Payments 40

Faster Payments B2B RTP ACH 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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B2B Federal Reserve Payee FedWire 40