PYMNTS

DECEMBER 30, 2020

Yes, many organizations shifted the needle away from the paper check toward ePayment tools like commercial cards and ACH as a result of necessity. According to Markus Jansson , chief product officer of Payer , for instance, real-time onboarding of new customers on eCommerce platforms will become vital to the success of B2B vendors.

B2B 119

B2B Payer Payments BNPL 119

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

PYMNTS

JANUARY 2, 2019

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Yet, 2018 was certainly a big year for commercial cards, and for credit card giants’ B2B payments aspirations overall. Visa Acquires Fraedom.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. “But in the cross-border space, it’s a different ball game.”

B2B 65

B2B Cross-Border Commercial Card Cross-Border Payments 65

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

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

NOVEMBER 20, 2018

Plastiq allows businesses and consumers to pay Klarna with their credit cards, while Klarna will then pay their bills on the appropriate payment rail. The tool also helps companies pay bills that typically aren’t paid via cards, such as rental payments. .

Credit Cards 60

Credit Cards Payer Commercial Card NOV 60

PYMNTS

NOVEMBER 5, 2018

New data has emerged about how SMBs use other payment rails , including cards and wire transfers. million Same Day ACH payments were made during the quarter, a 192 percent year-over-year increase, though NACHA did not disclose what percentage of that volume was made by business payers. NACHA said 43.2

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

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

MARCH 11, 2020

While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. Below, PYMNTS rounds up the latest in commercial card innovation. QuickBooks Adds Card Payment Support.

Use Case 52

Use Case B2B Commercial Card Cross-Border 52

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. As that figure rises, the number of corporate mobile payers is also expected to increase. To do this across all of our U.S.

Mobile Payments 45

Mobile Payments Commercial Card Card Issuer Issuers 45

PYMNTS

APRIL 12, 2018

Bank is mobilizing Mastercard commercial card products, the financial institution (FI) announced on Wednesday (April 11). Bank Corporate Travel Card said it will now support mobile payments for corporate customers using business travel cards that run on the Mastercard network. In a press release , U.S. According to U.S.

Visa 46

Visa Commercial Card Payer Mobile Payments 46

PYMNTS

AUGUST 30, 2018

Commercial card adoption can face an array of barriers, and one of the largest is a lack of supplier acceptance due to interchange fee costs. Many small- and medium-sized businesses (SMBs) aren’t using a TMC at all, passing multiple commercial cards between employees rather than adopt a virtual card.

Commercial Card 40

Commercial Card Payer Credit Cards Small Business 40

PYMNTS

SEPTEMBER 19, 2018

Jolly, head of financing and channels in global transaction services at Bank of America Merrill Lynch , about the financial institution’s latest product launch: adding mobile wallet functionality to its suite of commercial card products. “We That virtual card number is not stored and can only be used for that transaction.

B2B 56

B2B Push-to-Card Commercial Card Point-of-Sale (POS) 56

PYMNTS

DECEMBER 4, 2018

American Express is also enticing its business card members to shop with Dell via its “Shop Dell with Business Platinum” benefit, allowing payers up to $200 in statement credits a year when they make purchases from Dell.

Commercial Card 49

Commercial Card Payer Small Business On-Demand 49

PYMNTS

MARCH 2, 2016

Commercial Card Acceptance. One of the largest discrepancies between buyers’ and suppliers’ payment preferences is the commercial card. The interchange fees associated with commercial card acceptance might be the biggest deterrent to card acceptance. Faster ACH Onboarding.

Commercial Card 40

Commercial Card ACH Credit Cards Credential 40

PYMNTS

APRIL 12, 2016

The company published its analysis on the role of virtual cards in the nonprofit sector, “The Nonprofit CFO’s Guide to Virtual Credit Cards,” last week, exploring how a sophisticated payment tool like the v-card can be particularly valuable to this breed of business. The first is cash rebates.

Commercial Card 40

Commercial Card Credit Cards Reconciliation Payments Tools 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. But the hurdle of card adoption persists.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

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

APRIL 21, 2020

“Nobody will take your money unless it’s cash or secured by a bank-to-bank transaction,” he said, adding that for many payers, “cash is still king.” Adoption of electronic payments isn’t as mature in other parts of the world, however.

B2B 57

B2B Payer Payments Legal Framework 57

PYMNTS

MARCH 1, 2016

But could this revolution be a bust for credit card giants? The mutual fund operator, which invests in MasterCard, said that while the company has proven resilient over the last decade, blockchain technologies and other disruptive tools could start to eat away at the card giant’s value.

Blockchain 41

Blockchain Visa Payer Credit Cards 41

PYMNTS

JANUARY 16, 2020

” Commercial cards continue to be a focus for NatWest. Last October, the bank announced a pilot test of biometric corporate cards that enable business payers to use a fingerprint instead of a PIN to authorize transactions. We’re thrilled to be working with them.”

Small Business 52

Small Business Payer Commercial Card Authorization 52

PYMNTS

MARCH 16, 2016

This means Xero’s SME users can pay their international invoices via Midpoint’s FX services, which uses a peer-to-peer matching model, allowing payers to obtain the midpoint of the interbank market rate for foreign exchange costs at that moment in time. Direct Competition.

Commercial Card 42

Commercial Card Online and Mobile Banking Payments Payer 42

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

MARCH 14, 2018

It undeniably takes a page from credit cards’ book, but according to data from NACHA and the Credit Research Foundation released last year, credit and debit cards currently make up just 11 percent of payments received by accounts receivable departments in the U.S. “What is your cash flow?

B2B 40

B2B Payments Small Business Credit Cards 40

PYMNTS

MAY 20, 2020

Below, PYMNTS examines the latest efforts in commercial card innovation. EedenBull Connects Banks To Corporate Card Tech. In the rollout of its Commercial Payments-as-a-Service, EedenBull is expanding banks’ and other financial service providers’ ability to develop and manage their own commercial card programs.

Commercial Card 68

Commercial Card Card Issuer FinTech Small Business 68