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Virtual Cards and Straight-Through Processing Set To Level B2B Playing Field

PYMNTS

“It’s widely acknowledged in the industry that for a long time, the benefits of commercial cards [for supplier payments] have been … weighted in favor of corporate buyers,” Reid said, adding that “among the innovations and trends we’re currently seeing is the industry’s attempt to redress that balance between buyers and suppliers.”.

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Citi Rolls Out Fleet Card In Europe, UK With Centralized Reporting

PYMNTS

Trudy Curtis , EMEA head of commercial cards at Citi Treasury and Trade Solutions, said in the announcement that company car drivers could historically just choose between closed-loop fuel networks. In that case, every fuel card could be used at only one brand. “Our Kao EMEA's U.K. 17) announcement.

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J.P. Morgan Payments Expands Oracle Partnership to Streamline Payments Across Treasury, Trade and Commerce

Fintech Finance

Morgan Commercial Cards and Oracle Fusion Cloud. Morgan Payments’ in-store payment application with the Oracle Payment Interface to accept point-of-sale (POS) payments consistently across J.P. Morgan Payments to help corporate treasury make informed and smarter decisions. Morgan Payments’ terminals.

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American Express and Boost Payment Solutions Bring Optimized Virtual Card Payments to Suppliers

Fintech Finance

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.

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American Express Bolsters Virtual Card Processing for US Merchants

The Fintech Times

Many suppliers continue to process virtual card payments manually, including the opening of each email and copying the tokenised card number in their Point-of-Sale (POS) terminal. However, the increasing volume of virtual card transactions is making automation even more essential for suppliers.

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Solving B2B eCommerce Friction At The Intersection Of Payments And Trade Credit

PYMNTS

While the practice of extending trade credit to corporate customers is a uniquely B2B experience, the growing traction of consumer-facing point-of-sale (POS) financing offerings like Klarna , PayPal Credit and Affirm have sparked new opportunities in the B2B landscape, he said.

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How Closing The AR-AP Gap Boosts Enterprise Modernization

PYMNTS

Speaking with PYMNTS , PROS Vice President of Commerce Strategy John Bruno said B2B eCommerce tools have the opportunity to address friction on both the buyer and supplier side at the point of payment. Virtual Cards' Value Prop.

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