PYMNTS

OCTOBER 31, 2019

Take the lockbox, for example. 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 Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

MARCH 18, 2020

The trend presents a unique conundrum for organizations’ order-to-cash operations, especially when businesses’ own clients continue to pay via paper check : The check may be in the mail, but how can a business apply that cash if there is no one at the office to open it? Lockbox Data Headaches.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

Fintech Finance

NOVEMBER 14, 2024

(“Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. With an increased focus on mobile banking and investments in treasury products, the Bank will continue to expand its offerings in 2025.

Online and Mobile Banking 52

Online and Mobile Banking Product Cash Management Treasury 52

Fintech Finance

APRIL 26, 2024

Paystand , the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay , an industry-leading spend management software. The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network.

B2B 52

B2B Acquirers Lockbox Payments 52

PYMNTS

JANUARY 29, 2020

Michael Cichy, general manager of the Americas at Palette Software , said FIs continue to face barriers when developing products and services that can compete with agile FinTechs. This is a classic build-versus-buy decision,” he told PYMNTS. Historically, opportunities to wield this kind of data have been limited for traditional FIs.

P2P 52

P2P Lockbox Payment Reconciliation Value Added Service 52

PYMNTS

NOVEMBER 15, 2019

But shifting priorities among buyers and suppliers have elevated the opportunity for cards to meet changing cash management needs. It’s going to be in a format that is very cumbersome for the supplier to bring into their systems,” he noted, adding that lockbox services and manual data entry costs hit businesses hard.

B2B 53

B2B Commercial Card Payments ACH 53