Payments Source

DECEMBER 6, 2020

Banks trudging along slowly with digital advancements are getting a push from virtual card technology providers touting the concept of mass distribution for commercial card issuers.

Card Issuer 157

Card Issuer Continuity Commercial Card B2B 157

PYMNTS

NOVEMBER 20, 2019

Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. Such was the strategy of JPMorgan in its latest corporate card initiative. Check out the latest in corporate card innovation below. The solution will first roll out in the U.K. customers mid-2020.

Issuers 62

Issuers Commercial Card Innovation Cross-Border 62

PYMNTS

DECEMBER 11, 2019

The interchange fees associated with commercial card acceptance are the latest target of commercial card optimization company Revolution Payments, which announced a new service designed to further reduce that burden on business-to-business (B2B) suppliers. In a press release Wednesday (Dec.

Commercial Card 73

Commercial Card B2B Card Issuer Credit Cards 73

PYMNTS

DECEMBER 2, 2020

This week's Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed to enhance spend management and help SMBs access credit during turbulent times.

Commercial Card 65

Commercial Card FinTech Small Business Visa 65

PYMNTS

DECEMBER 3, 2019

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power took one key friction point of the small business (SMB) credit card market to task. “Basics like credit card terms, and benefits and services, are the lowest-scoring factors in our study.

Commercial Card 40

Commercial Card Credit Cards Payment APIs and Integration Card Issuer 40

PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. “The card as a credit instrument is very much on a lot of people’s minds.”

Commercial Card 62

Commercial Card Payment APIs and Integration Card Issuer Multi-Currency 62

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches.

Commercial Card 52

Commercial Card Innovation Ransomware Credit Cards 52

PYMNTS

SEPTEMBER 13, 2018

Bank of America is adding mobile wallet functionality to its suite of commercial card products, the bank said Wednesday (Sept. According to Bank of America, mobile wallets can enhance payment security by tokenizing account numbers, effectively using a physical commercial card to generate a virtual card for a particular purchase.

Commercial Card 56

Commercial Card Card Issuer Payer Authentication 56

Stax

MARCH 14, 2024

While wire transfers and checks are quite common, the corporate credit card market is projected to have a compound annual growth rate (CAGR) of 7.3% by 2026 , so we’ll likely see more credit card use in the business sector. Industry data shows that the B2B payments landscape is rather diverse.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

OCTOBER 18, 2019

American Express is introducing a suite of new commercial card products targeted at startups and entrepreneurs in a move that is aimed at competing with industry newcomers like Brex, Bloomberg reports said on Thursday (Oct. At the same time, industry newcomers like Brex , which has now reached a $2.6

Commercial Card 43

Commercial Card Push-to-Card Card Issuer B2B 43

PYMNTS

SEPTEMBER 30, 2020

The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. And in another Nium collaboration, the company is joining forces with Volopay to provide a new and bolstered business credit card to let firms have a closer watch over expenditures.

Innovation 77

Innovation Card Issuer Debit Card PayPal 77

PYMNTS

DECEMBER 11, 2018

B2B payments company Finexio is adding support for corporates that want to pay their suppliers with a credit card, regardless of whether vendors accept cards as a form of payment. Companies can pay using Mastercard or Visa credit cards, Finexio noted. In a press release issued Monday (Dec.

Credit Cards 49

Credit Cards Commercial Card Card Issuer B2B 49

PYMNTS

JUNE 28, 2019

credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It Bank of Ireland U.K.

Credit Cards 40

Credit Cards Card Issuer Commercial Card Issuers 40

PYMNTS

MARCH 1, 2020

The partnership’s end was a setback to AmEx, which had Costco’s total credit card market for 16 years and also issued co-branded cards that gave members special perks. Customers could also use their Costco-branded cards at other merchants. business-card issuer, said the Nilson Report. It is the biggest U.S.

Card Issuer 60

Card Issuer Commercial Card Credit Cards Audit 60

PYMNTS

MAY 31, 2017

The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S. According to TSYS , U.S.

Mobile Payments 45

Mobile Payments Commercial Card Card Issuer Issuers 45

PYMNTS

JANUARY 27, 2020

Commercial card technology company Cardlay , based in Denmark, has announced a partnership with Mastercard Europe, expanding the FinTech’s reach throughout the continent via Mastercard’s network of issuing banks. Reports in Finextra said on Monday (Jan. We are already well into the negotiations with three banks.”

Visa 43

Visa Card Issuer Commercial Card Issuers 43

PYMNTS

JUNE 20, 2017

PNC Bank is linking its corporate clients with a new mobile solution that links users of its Visa commercial cards into mobile wallet solutions Apple Pay, Android Pay and Samsung Pay. Instead, the mobile pay app creates a virtual card number unique to each transaction. labor force. .” ” U.S.

Commercial Card 44

Commercial Card Online and Mobile Banking Payer Card Issuer 44

PYMNTS

OCTOBER 18, 2019

Net card fees increased 19 percent year over year and accounted for 9 percent of the total revenue for American Express in the third quarter. American Express currently stands as the globe’s largest commercial card issuer by spend, reports noted, and the company is pushing for an even greater position in the B2B payments market.

Push-to-Card 40

Push-to-Card Commercial Card Card Issuer Credit Cards 40

PYMNTS

OCTOBER 28, 2016

Some argue electronic payments, like credit cards, are the answer. ” Another option is to encourage the use of commercial cards in B2B payments. Proponents of this argue that buyers like to get the rewards associated with cards, while still being able to pay later, and suppliers get paid instantly.

B2B 71

B2B Credit Cards Payments Same Day ACH 71

PYMNTS

DECEMBER 4, 2017

Boost Payment Solutions is one company that seeks to bring electronic payments to the B2B realm, as both an acquirer and a FinTech with an exclusive focus on commercial credit cards. He likened his firm to a bridge between the accounts payable and receivable worlds as it relates to credit card usage and acceptance.

B2B 40

B2B ACH Credit Cards Payments 40

PYMNTS

MARCH 16, 2016

Midpoint is preparing to offer a way for Xero clients to use the “Pay Now” feature with a commercial card, in addition to its current offering, which uses direct bank transfer. These extra fees mean B2B suppliers and vendors are likely to pass on the cost of accepting commercial cards to their clients. Collaboration.

Commercial Card 42

Commercial Card Online and Mobile Banking Payments Payer 42

PYMNTS

MARCH 4, 2020

The biggest news from the commercial card world this week came from American Express, which is facing allegations that it mistreated small business customers to hike card approval numbers. Only 5 percent said a card’s ability to finance their purchases over time is the most valuable proposition of a card.

Commercial Card 56

Commercial Card Payment APIs and Integration Small Business Value Added Service 56

PYMNTS

AUGUST 5, 2020

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz Card Service. Apple Pay Lands More Commercial Cards. its current card issuer.

Commercial Card 63

Commercial Card Online and Mobile Banking Contactless Payments Visa 63

PYMNTS

MARCH 24, 2016

In MasterCard’s announcement of support for Android Pay, the credit card firm said that its small business and commercial card products will also support the mobile wallet. But it is unclear whether other banks and card issuers will link their corporate card products with Android Pay, too.

Commercial Card 40

Commercial Card Card Issuer Issuers Mobile Payments 40

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. One-time use makes cards very secure and less susceptible to fraud.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

AUGUST 9, 2018

A new initiative gaining momentum in Australia would ban interchange fees altogether – and according to reports, the effort includes commercial card swipe fees. 8) said that Commonwealth Bank of Australia (CBA) Chief Executive Matt Comyn is speaking out against efforts to nix interchange fees on electronic card payments. .

Commercial Card 40

Commercial Card Card Issuer Payer Regulations 40

PYMNTS

MAY 20, 2020

Some FinTechs are targeting small businesses directly with technology to ease card payment and acceptance capabilities. Others, meanwhile, are working with card issuers, banks and other financial service providers to roll out their own commercial and virtual card offerings. Adflex Touts The V-Card And The Cloud.

Commercial Card 68

Commercial Card Card Issuer FinTech Small Business 68