PYMNTS

DECEMBER 27, 2016

Commercial cards have struggled to gain widespread adoption in B2B payments, and new research from Mercator Advisory Group aims to explain why — and how to overcome those adoption barriers. But corporate buyers often prefer cards to obtain rewards points.

Commercial Card 43

Commercial Card Card Issuer Issuers B2B 43

PYMNTS

JANUARY 22, 2020

The expansion of traditionally consumer-focused FinTechs widening their solution scope to include B2B payments tools exemplifies just how massive the opportunity is for service providers to tackle friction.

Commercial Card 52

Commercial Card Visa B2G Cross-Border Payments 52

PYMNTS

OCTOBER 26, 2018

Corporates across the Asia Pacific region are increasing their use of commercial card products, according to a new report from Citi. Businesses increased their spend on commercial cards by 24 percent in 2017, Citi’s analysis found. Reports in The Asset on Thursday (Oct. Reports in The Asset on Thursday (Oct.

ACH 79

ACH Commercial Card Correspondent Treasury 79

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

JANUARY 29, 2020

Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries. Cards Tackle Event Planning Expenses.

Commercial Card 56

Commercial Card Card Issuer Visa Issuers 56

PYMNTS

SEPTEMBER 9, 2020

Yet it's not only the need to embrace electronic payments that is encouraging government agencies, small businesses and larger enterprises to embrace the payment tool. Airbase Spend Signals Rising Card Adoption. While corporate travel has all but gone away, business spend on cards hasn't, even amid the pandemic.

Payment APIs and Integration 94

Payment APIs and Integration Commercial Card Push-to-Card Visa 94

PYMNTS

SEPTEMBER 2, 2019

Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. Elevating the Commercial Card. APIs and Data Integration.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

Fintech Finance

OCTOBER 2, 2024

While virtual cards offer a dynamic payment option that replaces a physical card number with a tokenized, one-time-use digital version, in B2B payments, some suppliers are still processing virtual card payments manually, including the opening of each email and copying the tokenized card number in their Point-of-Sale (POS) terminal.

Payment Solutions 95

Payment Solutions Point-of-Sale (POS) Payments Automation 95

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

DECEMBER 5, 2019

Initially, this came in the form of purchase cards that gave managers the ability to allow their employees to make purchases on behalf of their companies, from office supplies to travel and expense spending. 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

APRIL 20, 2016

Digital payment solutions may be taking off in the AR department, but not all electronic payment tools are created equal. Even more traditional payment tools, like credit cards, don’t have a high enough corporate value for suppliers, he added. For instance: blockchain and bitcoin? I really don’t see it.

Commercial Card 40

Commercial Card ACH Push-to-Card Same Day ACH 40

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. Boost Payment Solutions Expands Globally.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

DECEMBER 20, 2018

Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce.

Commercial Card 57

Commercial Card Payment APIs and Integration Push-to-Card Adjustments 57

PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

Commercial Card 60

Commercial Card Small Business Credit Cards Underwriting 60

PYMNTS

DECEMBER 22, 2020

Technologies and payment solutions are finding the opportunity to multitask with solutions that, while initially focused on the corporate buyer, have now expanded to tackle friction for the supplier as well. Boost Gives Suppliers A Voice In Card Acceptance. CardUp Eases Card Adoption In Asia.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

PYMNTS

NOVEMBER 19, 2020

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning.

B2B 65

B2B Visa Commercial Card NOV 65

PYMNTS

NOVEMBER 19, 2020

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning.

B2B 52

B2B Visa Commercial Card NOV 52

PYMNTS

NOVEMBER 15, 2019

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner.

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

JANUARY 9, 2018

Bank holding company Bancorp has yet to be named a participant of Android Pay, but users are reportedly confirming that their PayPal Business Debit Mastercard, issued by Bancorp, now works with the mobile payment tool. in 2016, though first only to work with consumer card products. Reports in Android Police said Monday (Jan.

PayPal 44

PayPal Visa Commercial Card Online and Mobile Banking 44

PYMNTS

SEPTEMBER 11, 2017

Analysts and industry players generally have their bets set on ACH to help guide accounts payable toward electronic payments, and indeed, research suspects ACH payments will finally surpass paper checks in corporate payments (the Federal Reserve’s latest data found it already has).

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

SEPTEMBER 23, 2020

Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Comdata Digitizes Legacy Fleet Payment Tool. Embracing the virtual card opportunity is Comdata, a FLEETCOR company, which announced last week the rollout of Virtual Comchek.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

PYMNTS

NOVEMBER 30, 2020

Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. Razorpay, Visa Team for SMB Corporate Cards.

B2B 64

B2B Cross-Border Liquidity Management Small Business 64

PYMNTS

JULY 9, 2020

With its solution designed to address friction in supplier commercial card acceptance, Nium ‘s InstaReM brand announced the expansion of BizPay into a new market: Australia. It’s a mixing of payment rails that aims to overcome one of the largest barriers to commercial card adoption.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

AUGUST 5, 2020

And, he said, the credit card is a valuable payment tool to achieve that insight. “Our point of view is that the card is effectively the next frontier for control,” he said. Singh noted that Center is also exploring the potential for virtual cards to further enhance that control and security.

Credit Cards 79

Credit Cards Commercial Card Automation Facilitators 79

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.

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B2B Payments Reconciliation Payer 115

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.

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Commercial Card Credit Cards Reconciliation Payments Tools 40

PYMNTS

MARCH 22, 2016

Further, researchers found that the businesses least in need of going digital — the companies already making a low percentage of their B2B payments with checks — are taking the most aggressive approach to implementing electronic payment tools. That means 55 percent are content sticking to paper and manual payments.

Checks 40

Checks Commercial Card ACH Electronic Payment Processing 40

PYMNTS

SEPTEMBER 12, 2019

It’s a stark contrast from its historical high of 81 percent in 2004, analysts noted, and suggests checks are steadily declining within corporate payments. The AFP’s report was released the same week a range of new electronic B2B payment tools were announced, the latest in a deluge of digital payment solutions emerging in recent years.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

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. They include virtual cards, accounts payable automation, data analytics and other capabilities, Visa said.

B2B 44

B2B Payment APIs and Integration Cross-Border Payments Payments 44

PYMNTS

MARCH 15, 2016

Outdated, Inadequate Payment Tools. Another point of friction in cross-border B2B payments that Payoneer and Armor are targeting is the commercial card. It’s an ecosystem that has forced especially smaller businesses to rely on outdated technologies, Galit and Reynolds said. Take the letter of credit, for instance.

Cross-Border 40

Cross-Border Commercial Card B2B Payments 40

PYMNTS

MARCH 17, 2017

The company said at the time that it is also looking to help digitize B2B invoices and help companies paying with commercial cards to take advantage of rebates and rewards by supporting supplier acceptance of these payment tools.

Technology 40

Technology Commercial Card Wires Wire 40

PYMNTS

APRIL 22, 2020

Augmenting its service is the Mastercard corporate card, with Rosa noting that commercial cards remain an important payments tool for small businesses and their employees to pay for services like software as a service (SaaS) and advertising, or finance employee business trips.

Cross-Border 96

Cross-Border Economy Cross-Border Payments Multi-Currency 96

PYMNTS

NOVEMBER 3, 2016

Bank Senior Vice President of Corporate Payments Robert Kaufman, is that there are so many versions of these accounting platforms and so many ways to customize them that ensuring B2B payments tools integrate properly isn’t a sure bet. But it’s just one technology of many.

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Payments Data Payments Reconciliation Commercial Card 73

PYMNTS

DECEMBER 5, 2019

With the average invoice taking more than eight days for processing, companies can struggle to act quickly enough to secure those early payment discount opportunities before it’s too late, not to mention help companies avoid late payment fees.

Accounts 40

Accounts Automation Commercial Card CHIPS 40

PYMNTS

MARCH 25, 2016

Paper checks are far from disappearing in business payments, but a new solution from U.S. Bank will add a digital, mobile twist to the paper payment tool. In January, the FI announced support of all of its card solutions — including commercial cards — for Apple Pay. Bank has rolled out this year.

Small Business 40

Small Business Checks Online and Mobile Banking Treasury Management 40

PYMNTS

JANUARY 17, 2020

“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?

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

PYMNTS

AUGUST 18, 2016

TSYS , the payment processing company, said on Thursday (Aug. 18) it has extended its payments agreement with Swisscard AECS. Under the extended agreement, TSYS will continue to process the company’s consumer credit card and commercial card portfolio on the TS2 platform.

Agreements 40

Agreements B2B Commercial Card Reconciliation 40