PYMNTS

MARCH 21, 2017

Bank will enable its corporate customers to use their commercial cards via the mobile Apple Pay , Android Pay and Samsung Pay solutions, reports said Monday (March 20). According to the bank, this makes it the first to support mobile payments for Visa commercial card transactions. Bank Corporate Travel Card, while U.S.

Commercial Card 40

Commercial Card Online and Mobile Banking Mobile Payments Card Issuer 40

PYMNTS

SEPTEMBER 10, 2018

That focus led UMB to recently announce a partnership with Fraedom , a deal that sees UMB’s corporate customers being migrated to the Fraedom expense management platform linked to commercial cards. “In corporate America, people are not just eight-to-five,” she said.

Commercial Card 40

Commercial Card Payer Reconciliation B2B 40

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

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Below, PYMNTS looks at the latest in AP that does exactly that.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

JUNE 12, 2017

ACH is the most preferred payment rail for corporate payers, according to Strategic Treasurer and Bottomline Technologies. “As more banks and bank accounts must be managed and new currencies and regulations come into play, the complexity faced by corporates with their payments operations grows.”. Payments Rails.

Payer 60

Payer ACH FinTech Push-to-Card 60

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

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Commercial Card 81

Commercial Card B2B Visa Issuers 81

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

PYMNTS

DECEMBER 11, 2020

In a podcast with PYMNTS, Todd Tracey , executive director at MPX , Deluxe Corporation said online platforms can bring providers and payers together in a way that improves transparency and cash flow — especially when providers are paid for one-off or out of network services. The problem is they just can’t get rid of that check.”.

Payer 67

Payer Checks Push-to-Card Commercial Card 67

PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. In a statement, American Express said it is "cooperating with a regulatory review of small business card sales between 2015 and 2016.".

Office of the Comptroller of the Currency 66

Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

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

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

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

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 Commercial Card Distributed Ledger Technology (DLT) 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 Commercial Card Cross-Border Cross-Border Payments 65

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 5, 2016

Their partnership will create a platform in which Visa’s Payables solutions and card technology integrates into MineralTree’s AP management tool and will be offered to financial institutions so they can support their own corporate clients’ commercial card payment needs.

Accounts 73

Accounts Commercial Card Push-to-Card ACH 73

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

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. Descoteaux recently told PYMNTS that businesses using a travel management company (TMC) may charge for virtual card capabilities, though.

Commercial Card 40

Commercial Card Payer Credit Cards Small Business 40

PYMNTS

APRIL 5, 2016

The fleet card is becoming a rare breed among commercial card products in Europe, finds a new report on the industry. According to “ Commercial Cards in Europe 2015 ,” an examination of the continent’s corporate card space, just 4 percent of payment cards in Europe are commercial cards.

Commercial Card 40

Commercial Card Visa Card Issuer Payer 40

PYMNTS

NOVEMBER 23, 2020

Visa Commercial Pay has three components, as detailed on Monday, and which are also available on an a la carte basis: Visa Commercial Pay Mobile is a Visa-branded app developed by Conferma Pay that hosts digitally-issued Visa commercial cards on employees’ and contractors’ mobile devices.

B2B 115

B2B Payments Reconciliation Payer 115

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

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

MARCH 23, 2017

So when consumers are cautiously embracing mobile payments, it’s no wonder that corporate payers are even slower at taking up the technology. The bank announced earlier this week that some of its commercial cards are now compatible with Apple Pay, Android Pay and Samsung Pay. This isn’t the first time U.S.

B2B 51

B2B Online and Mobile Banking Commercial Card Mobile Payments 51

PYMNTS

AUGUST 6, 2020

In its announcement, Bottomline highlighted the enhanced payer experience, as well as the ability to reduce card fees for recipients, as key benefits of the solution. Morgan Enhances Virtual Cards Via Marqeta. ’s Faster Payments real-time payments system. Plaid, Galileo Boost ACH Efficiency.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

PYMNTS

JANUARY 12, 2021

Part of that strategy increasingly involves the migration of commercial cards , and especially virtual cards, within functions like AP. Opportunities for early payment discounts are also encouraging adoption of commercial card technology.

B2B 91

B2B Payments Commercial Card Best Practices 91

PYMNTS

NOVEMBER 28, 2018

In an interview with iTnews, American Express VP of Global Commercial Services Becky Cook pointed to the broader, changing payments landscape and how it’s affecting corporate payers. “Every aspect of payments is facing ongoing innovation — who, how, when, where and even why we pay is changing,” Cook said. ”

Commercial Card 49

Commercial Card Payer NOV B2B 49

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

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

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

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 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

SEPTEMBER 17, 2019

However, the real proof of progress in B2B payments, Phalen said, is in how industry stakeholders — including FIs, FinTechs and corporates — have overhauled how they think about those commercial payments challenges as they move forward to tackle them. Thinking Beyond the Payer. Payment Rails Converging.

B2B 52

B2B Innovation Payer Cross-Border 52

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

Stax

MARCH 14, 2024

Payments work by giving the payer a link to complete the transaction. This would take them to the gateway where they can pay by credit card, Paypal, or other payment options the payee wishes to add. The business has to collect extra information from the payer to qualify for these levels.

B2B 88

B2B Process B2C Credit Cards 88

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

MARCH 31, 2020

Plastiq Eases Card Rail Friction. In B2B payments, commercial cards are typically considered more beneficial to the buyer than to the supplier, with card acceptance a critical barrier to corporate card adoption.

B2B 77

B2B Payroll Payments Cross-Border Payments 77