PYMNTS

AUGUST 10, 2020

For small- and medium-sized businesses in B2B industries like construction and manufacturing, the need for alternative funding products like asset-based loans and factoring could see an increase amid supply chain disruptions and B2B payment delays.

B2B 52

B2B Finance Small Business Third-Party Service Provider 52

PYMNTS

OCTOBER 9, 2019

B2B payments friction isn’t only experienced on the payer side. These hurdles can also stifle electronic payments adoption in the B2B arena. Transplace is hoping to address that gap and is focusing on collaboration in that initiative — both with those third-party intermediaries and with banks. Failure to Act.

B2B 46

B2B Third-Party Service Provider Payments Audit 46

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

API 78

API Payment APIs and Integration Innovation Privacy 78

PYMNTS

MARCH 4, 2017

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

API 76

API Payment APIs and Integration Innovation Privacy 76

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? Offering value for both ends of a B2B payment could help address the rising issue of late supplier payments too.

Checks 43

Checks B2B ACH Payments 43

PYMNTS

OCTOBER 29, 2019

But to understand where B2B payments innovation is going, Jay Dearborn, president of corporate payments at WEX , said the industry must first take a look in the rearview mirror. “To Indeed, Dearborn said, comparing the B2C and B2B payments spaces “isn’t useful for us as an industry” due to just how different the two ecosystems are.

B2B 40

B2B Innovation Payments B2C 40

PYMNTS

OCTOBER 3, 2019

Prophix is another company that recently rolled out its own addition to the B2B virtual assistant space, having launched its Virtual Financial Analyst for middle-market finance departments. But Ajmera said B2C and B2B data privacy challenges cannot necessarily be compared. “In in particular.

Privacy 55

Privacy Finance Third-Party Service Provider B2C 55

PYMNTS

DECEMBER 19, 2018

Tradeshift Link offers a way for banks and third-party service providers to connect into the Tradeshift network and provide their own FinTech solutions to customers, including early payment services or trade finance.

Third-Party Service Provider 51

Third-Party Service Provider Acquirers B2B Blockchain 51

PYMNTS

AUGUST 13, 2020

Choosing the right third-party service providers can be tactical. Beyond the cloud service providers, other partners like NuoDB can not only guide entities in their cloud migration journeys, but also facilitate connectivity between clouds to elevate performance.

Third-Party Service Provider 133

Third-Party Service Provider Payments Service Provider Volume 133

PYMNTS

DECEMBER 12, 2018

In the constant fight against paper, service providers have been tackling the paper check in B2B payments for several years, with minimal success. ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. “Folks do not want to sign up for ACH.

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

JULY 22, 2019

percent of survey respondents reporting that they are “very” or “extremely” satisfied with paper checks, it seems like B2B payers really don’t find them to be all that bad. Clark emphasized the importance of third-party service providers delivering a clearer message to accounts payable departments.

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

JANUARY 14, 2020

Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s ’s Open Banking , which promote end-customer ownership of financial data and enable those customers to allow for banks to share their financial data with third-party service providers.

Security 101

Security PCI DSS Compromise Service Provider 101

PYMNTS

JANUARY 17, 2019

The exchange’s APIs will span product offerings and service offerings such as deposits, foreign currency exchange, insurance and loan offerings — and will also include safe deposit boxes, branch and ATM services that are part of general banking operations.

API 53

API Cross-Border Payments Payment APIs and Integration Cross-Border 53

PYMNTS

APRIL 9, 2018

Payments and commerce company PaySimple announced its latest integration into a third-party service provider.

Cash Management 60

Cash Management Third-Party Service Provider Payments ACH 60

PYMNTS

SEPTEMBER 16, 2019

In separate news, a report surfaced in August that Amazon India was rolling out an online marketplace to connect vendors on its platform to B2B services. Amazon’s Marketplace Appstore is now live in the country, enabling sellers to access third-party applications to promote their business management, automation and growth goals.

Third-Party Service Provider 43

Third-Party Service Provider Origination B2B Automation 43

PYMNTS

OCTOBER 7, 2016

While those capabilities of alternative finance players have led many traditional banks to partner up with them to gain those capabilities themselves, Horrocks said other third-party service providers to the banks can help them compete with the alt-fin market. Data is vital to remaining competitive , he said. ”

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

PYMNTS

FEBRUARY 27, 2020

Below, PYMNTS looks at the latest developments in open banking and bank-FinTech collaboration, including a look at how data sharing drives challenger bank competition, China’s exploration of open banking, and FinTechs embracing data connectivity to broaden their small business services. Open Banking Drives Challenger Bank Adoption.

Small Business 77

Small Business Third-Party Service Provider Privacy Financial Crimes 77

PYMNTS

NOVEMBER 18, 2019

With Open Banking business models inspiring FinTech innovators to explore other use cases for data integrations, the B2B financial services market has seen a swath of collaboration between traditional financial institutions and FinTech firms — and between FinTech firms themselves. Technological Barriers. A Changing Payroll Landscape.

Payroll 48

Payroll API Economy Accounts 48

PYMNTS

JANUARY 13, 2020

Federation of Small Businesses (FSB) has released the results of a survey of small to medium-sized businesses’ (SMBs) embrace of open banking two years since the framework took hold and discovered that SMBs continue to distrust lenders. According to reports Monday (Jan.

Third-Party Service Provider 52

Third-Party Service Provider Small Business FinTech Payroll 52

PYMNTS

JUNE 18, 2019

.’s Faster Payments Scheme via their Real Time Payments Express Service, acknowledges the opportunity that faster and real-time payments have in the corporate realm. “The stage is set for the U.S.

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47

PYMNTS

AUGUST 28, 2018

The company will also look to connect with third-party service providers that want to participate in the small business financing process, including debt collection and insurance companies. last year.

Blockchain 40

Blockchain Finance Third-Party Service Provider Small Business 40

PYMNTS

JANUARY 21, 2020

Federation of Small Businesses (FSB), research of 1,000 small business owners revealed that fewer than one in seven SMBs are sharing their bank data with third-party service providers. In a recent report from the U.K. “The financial crash casts a long shadow.

Continuity 60

Continuity Payment APIs and Integration FinTech Small Business 60

PayHawk

APRIL 18, 2023

L Level 2 Data Additional data fields, such as sales tax and order number, required for certain types of B2B transactions to qualify for lower interchange rates. Level 3 Data Detailed transaction data, such as line item descriptions and quantities, required for certain types of B2B transactions to qualify for the lowest interchange rates.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

PYMNTS

DECEMBER 6, 2017

Reports in Coin Desk said Aruba’s ATECH Foundation is collaborating with Switzerland-based Winding Tree to develop a blockchain-based marketplace to facilitate travel booking to the island, an effort to regain some of the lost revenue that ends up with third-party service providers like online travel agencies and airlines.

Blockchain 50

Blockchain Distributed Ledger Technology (DLT) Third-Party Service Provider Governance 50

PYMNTS

JULY 25, 2018

Earlier this year, Oracle rolled out Oracle Banking APIs , a set of APIs for retail and corporate banking that support FIs’ efforts to develop partnerships with third-party service providers. Oracle is also enhancing its financial management services directly for corporate customers.

Accounts 40

Accounts Payment APIs and Integration Third-Party Service Provider Non-Bank 40

PYMNTS

FEBRUARY 2, 2021

This week's look at the latest in open banking and bank-FinTech collaboration finds financial institutions (FIs) exploring both partnerships and acquisitions to strengthen their offerings for corporates, while third-party service providers have also boosted their data-sharing capabilities to empower those financial service provider tie-ups.

Lockbox 57

Lockbox FinTech Treasury Management Payment APIs and Integration 57

PYMNTS

APRIL 6, 2018

At the time, the company said the capability propelled its ability to reduce reliance on third-party service providers. A month prior, FairFX announced plans to launch its small business current account , which links small businesses to account services and a corporate card for cross-border payments.

Visa 40

Visa Finance Cross-Border Payments Cross-Border 40

PYMNTS

JUNE 11, 2019

As a digital-first bank, Axos Bank is investing in its own application programming interface (API) strategy to promote the ability for FIs to connect with third-party service providers, and enhance access to data for improved (and less risky) lending — a tall hurdle, considering small business default and failure rates.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

PYMNTS

OCTOBER 2, 2017

But according to a new report from BitSight, that’s exactly what’s happening as FIs work with partners and other third-party service providers. Assessing the Cybersecurity Performance of the Finance Supply Chain ,” which explores how financial service providers manage third-party cyber risk.

Cybersecurity 51

Cybersecurity Risk Compromise Risk Management 51

PYMNTS

DECEMBER 26, 2018

While traditionally, banks have controlled the infrastructure, hardware and operating systems for financial services, new entrants may have the agile infrastructure and innovative propositions to personalize to meet individual consumer needs.

Cross-Border 51

Cross-Border Cross-Border Payments SWIFT Innovation 51

PYMNTS

JUNE 3, 2020

With data integration capabilities, newer payroll solutions can support the cross-platform connectivity that payroll and HR departments need, whether organizations run payroll in-house or outsource it to a third-party service provider.

Payroll 52

Payroll Faster Payments API Payment APIs and Integration 52

PYMNTS

JULY 26, 2017

Many banks have increasingly leveraged and become dependent on third-party service providers to support key operations within their banks,” the report stated. Over time, consolidation among service providers has resulted in large numbers of banks reliant on a small number of service providers.”.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

MAY 9, 2017

In an interview with PYMNTS’ Karen Webster, Ralf Ohlhausen, business development director at PPRO Financial, said, “From the outset, none of the banks would have been very excited about the prospect of letting third parties access their customer data, which is quite understandable of course.”

Third-Party Service Provider 54

Third-Party Service Provider Authorization API Non-Bank 54

EBizCharge

JULY 16, 2024

Risk management Financial institutions and third-party service providers must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions. Cash concentration or disbursement (CCD): CCD entries are primarily used for business-to-business (B2B) payments.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

OCTOBER 2, 2017

Those custom, in-house ERP systems, though, demand greater involvement from IT teams to support integrations from third-party service providers, Whitmire added. The inherent challenge is how customized the ERP is, and how bulky the implementation is for those larger clients,” he said.

Third-Party Service Provider 43

Third-Party Service Provider Adjustments Finance Accounts 43

PYMNTS

JUNE 26, 2019

However, particularly for companies in an industry considered to be high-risk for third-party service providers (and as many regulations remain in limbo), supply chain transparency and product verification can also mitigate risk for those business partners considering a deal with a cannabis company.

Legal 44

Legal Mitigation Verification Risk Mitigation 44

PYMNTS

OCTOBER 24, 2019

But with expectations that more corporates will outsource functions like multi-bank connectivity, Lutz said it’s up to these third-party service providers — especially banks — to be up for the task of managing growing complexity resulting from regulations, faster global payment initiatives, and intensifying data integration needs.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40