PYMNTS

OCTOBER 14, 2016

American Express is a top player in the commercial card space but is perhaps best known in the B2B space as a provider of solutions for larger corporates. The credit card giant has teamed up with a familiar face in the SME FinServ industry, however, to heighten its presence among smaller firms. Reports on Thursday (Oct.

Finance 74

Finance Commercial Card Small Business B2B 74

PYMNTS

OCTOBER 23, 2018

Amazon Business is bolstering its services for small businesses through a new co-branded commercial card with American Express as well as enhanced Prime features for business users. Further, small businesses can obtain heightened visibility into transaction data for reconciliation, accounting and spend management purposes.

Commercial Card 76

Commercial Card Small Business Reconciliation Credit Cards 76

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service.

Commercial Card 53

Commercial Card Reconciliation Payments ACH 53

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

APRIL 11, 2017

earlier this month, Visa simultaneously revealed that it is working with Amazon Business to link its commercial cards within Amazon Business to help clients manage expenses and spending. That includes line-item details, Visa said, with that data able to integrate into reconciliation tools.

Commercial Card 40

Commercial Card Reconciliation B2B Audit 40

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

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

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. Leavitt says suppliers are indeed more difficult than buyers to convince of commercial cards’ value proposition.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

AUGUST 30, 2017

American Express is continuing its ongoing efforts to encourage businesses to pay suppliers with commercial cards in its latest accounts payable partnership. The credit card firm announced Tuesday (Aug. According to the companies, the solution can also support batch payments with automated reconciliation and data entry.

Accounts 43

Accounts Commercial Card B2B Wire 43

PYMNTS

OCTOBER 1, 2019

“JAGGAER and Discover had a long history of listening to customers and are entering into a synergistic relationship to deliver the full value of virtual cards, with features that enable reconciliation,” said JAGGAER Chief Technology Officer Zia Zahiri in a statement. “We billion, including debt.

Commercial Card 51

Commercial Card Remittance Data Payments Reconciliation 51

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. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Payer Payments BNPL 119

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

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. With virtual payments, buyers gain from being able to increase their days payables outstanding by leveraging their credit lines on their commercial card products.

Checks 93

Checks B2B Payment APIs and Integration Payments 93

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 13, 2020

And in the United Kingdom, Clear Books has integrated with Stripe to let small to medium-sized businesses (SMBs) accept card payments, while B4B Payments is finding a valuable niche for the corporate prepaid card. Below, PYMNTS rounds up the latest in commercial card innovation: CarrierHQ Adds Access To Comdata Card.

Use Case 56

Use Case B2B Online and Mobile Banking Credit Cards 56

PYMNTS

OCTOBER 20, 2020

Panelists included Jay Dearborn, president at WEX Corporate Payments; Greg Bloh, CEO at Transcard; Muhammad Chbib, CEO at Tradeling; Simon Barker, CEO at Conferma Pay; and Brad Garfield, head of product for commercial cards and comprehensive payables in global transaction services at Bank of America.

B2B 104

B2B Online and Mobile Banking Payments Treasury 104

PYMNTS

JANUARY 26, 2017

The credit card conglomerate said Wednesday (Jan. Their services will be offered to federal agencies that are a part of the General Services Administration’s SmartPay initiative, which helps the government access better charge card and commercial payment solutions via partnerships with financial institutions.

Visa 40

Visa Commercial Card Fraud Detection Governance 40

PYMNTS

DECEMBER 30, 2019

Commercial card technology was a particularly bright spot of 2019, with industry giants including Visa, Mastercard and JPMorgan embracing the ability for commercial and virtual cards to step into the accounts payable department. Credit Card Giants Stake Their B2B Bets.

Innovation 42

Innovation Cross-Border Commercial Card B2B 42

PYMNTS

JUNE 14, 2017

In Visa news, the credit card company is hitting back at rival Mastercard with the rollout of a B2B payments program just days after Mastercard announced its own B2B payments tool. Last year Visa launched Visa B2B Connect, a show of support for blockchain technology in corporate payments.

B2B 44

B2B Payment APIs and Integration Cross-Border Payments Payments 44

PYMNTS

JUNE 28, 2019

Customers can confirm passwords from the banks of their registered debit and credit cards linked to Masterpass. for reconciliation or collection,” the press release explained. According to the companies, sales representatives can receive orders via the mobile apps they already use to interact with clients.

Visa 40

Visa B2B Commercial Card Payments 40

PYMNTS

AUGUST 18, 2016

Under the extended agreement, TSYS will continue to process the company’s consumer credit card and commercial card portfolio on the TS2 platform. Swisscard AECS is a joint venture between Credit Suisse and American Express. TSYS , the payment processing company, said on Thursday (Aug.

Agreements 40

Agreements B2B Commercial Card Reconciliation 40

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

SEPTEMBER 23, 2019

While there may be some debate over ISO 20022’s compatibility with APIs, as PYMNTS’ August 2019 Faster Payments Tracker notes, the standard can enable banks to offer faster, more transparent global payment services to corporate clients — while also connecting them with essential transaction data for reconciliation and analysis purposes.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

NOVEMBER 21, 2017

Many of these hurdles, researchers noted, can be attributed to the fact that SMBs use an array of payment methods, often complicating payment tracking and reconciliation. Interestingly, use of personal credit cards and PayPal surpassed usage of ACH and other direct transfer methods, the report found. “A

Visa 43

Visa B2B Credit Cards Small Business 43

PYMNTS

DECEMBER 1, 2016

For corporate payments, that could mean more accurate cash flow forecasting, fraud identification or more efficient reconciliation. “If you were to use a credit card 20 years ago, when they had the machines that took a print of the card, that would still take five to six days to process,” he added.

B2B 58

B2B Payments Data Audit Credit Cards 58

PYMNTS

AUGUST 30, 2018

According to a Mastercard report , citing PayStream Advisors data, 40 percent of executives said their firms don’t use cards for T&E spend, instead relying on manual processes to manage expenses, reconciliation and reimbursement. corporate travel buyers don’t rely on single-use virtual cards.

Reconciliation 40

Reconciliation Credit Cards Addressing Visa 40

Evolve Payment

NOVEMBER 21, 2022

They streamline everything from manually keying in a credit card transaction to handling payroll and reconciliation. The SAQs differ slightly depending on how your business accepts credit cards, so it’s important to double-check that your business is eligible for the SAQ form you choose. Complete the SAQ.

Process 52

Process Processors Credit Cards PCI DSS 52

PYMNTS

SEPTEMBER 17, 2019

Because we are a bank [as well as a payments processor], we can deposit their credit card proceeds the same day, including weekends, at no additional cost,” explained WePay CEO Bill Clerico in an interview at the time. Community Banks Go Real Time. According to the companies, speed is a crucial benefit of such a tool.

B2B 43

B2B RTP Bankers' Bank Funding Agent 43

PYMNTS

JUNE 19, 2018

Also known as a “ghost card,” this payment tool enables travel suppliers to bill a company’s master credit card account used by multiple employees. .” Researchers found that most corporate travel buyers (56 percent) in the U.S. use a central travel account (CTA). Challenges To Adoption.

Mobile Payments 41

Mobile Payments Research Ubiquitous Commercial Card 41

PYMNTS

JULY 2, 2018

This week, American Express (Amex) and Amazon announced their intended team-up on the release of a new commercial card product designed for small businesses (SMBs) buying on the Amazon platform. The co-branded card for SMBs in the U.S. The new card product will expand that functionality when it hits the market.

Small Business 41

Small Business Commercial Card Online and Mobile Banking Blockchain 41

PYMNTS

AUGUST 14, 2018

Many solutions aim to get rid of expense reports altogether, and instead aid corporates in allowing employees to efficiently and securely use company money while they travel (often using commercial card products).

Addressing 40

Addressing Research Commercial Card Reconciliation 40

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. Womply Eases Corporate Card Acceptance.

Commercial Card 63

Commercial Card Online and Mobile Banking Contactless Payments Visa 63

PYMNTS

OCTOBER 22, 2018

Kaiser told Webster that POS financing may prove especially appealing in “less developed countries, where there’s not as much availability of credit or credit cards, [and] where there are more cash transactions. Beyond payments, there is friction for corporates around reconciliation, Kaiser said.

Payments 55

Payments Point-of-Sale (POS) Credit Cards Finance 55

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance.

Commercial Card 52

Commercial Card Finance B2B Small Business 52

PYMNTS

AUGUST 15, 2018

Corporate customers can view their invoices, payments and credits on mobile phones and tablets, as well as set up their wallets and pay invoices via the app. The tool supports ACH and commercial card payments.

Accounts 40

Accounts Online and Mobile Banking Commercial Card ACH 40