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AP Innovations Begin Targeting Supplier Acceptance

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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. Boost Payment Solutions Expands Globally.

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Mesh Eyes Virtual Cards For Global B2B Payments

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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.”

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How The Corporate Card Recharted Its Adoption Course

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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.

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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

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“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. ACH is the most preferred payment rail for corporate payers, according to Strategic Treasurer and Bottomline Technologies.

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Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

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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.

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The Virtual Card Case For Nonprofits

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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.

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Where Faster Payments Fits Between B2B Buyers And Suppliers

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“They either stuffed envelopes with checks and licked stamps or they used their bank’s bill payment tool — which is too simple and archaic.” For many small businesses, invoice payment options are vast, but few actually fit their needs, according to Bar. ” Finding A Middle Ground. The result?