PYMNTS

NOVEMBER 26, 2018

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. These are optimistic observations for an industry where commercial cards have struggled to get off the ground.

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

Fintech News

APRIL 21, 2024

Payments giant Mastercard has launched a new mobile app that allows virtual commercial cards to be added directly to digital wallets, enhancing contactless payment solutions for businesses. This is particularly beneficial for employees and contractors who previously had to rely on personal cards or cash for business expenses.

Visa 107

Visa Reconciliation Contactless Payments Commercial Card 107

Fintech Finance

MARCH 14, 2024

By adopting this solution, Merex Investment will be able to collect rental receivables into their bank account through commercial card payments made by their tenants in the UAE, including The Beach, City Walk. In addition to this, it also helps their tenants with enhanced working capital while making payments using commercial cards.

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B2B Facilitators Commercial Card Reconciliation 52

PYMNTS

SEPTEMBER 10, 2018

Digital payments, faster transaction times, streamlined reconciliation, and greater visibility and control are all key components to an improved corporate payments offering, noted Uma Wilson, director of bank products at UMB Financial Corporation. “In corporate America, people are not just eight-to-five,” she said.

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Commercial Card Payer Reconciliation B2B 40

Fintech Finance

MAY 21, 2024

American Express , a leader in global business payments, and Emburse , a leading provider of travel and expense software, are partnering to offer end-to-end virtual card issuance, card reconciliation, and expense management in Emburse Spend, an all-in-one expense management solution, to American Express customers.

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Reconciliation Enrollments Commercial Card Transaction Limits 52

Fintech Finance

FEBRUARY 21, 2024

Kani Payments , the disruptive global data reconciliation and reporting platform, today announces a strategic partnership with issuer processing and core banking platform Pismo. The Pismo partnership is a significant step forward in Kani’s global expansion, representing its largest client win with tangible global scale potential.

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Reconciliation Issuers Payments Compliance 52

Fintech Finance

APRIL 18, 2024

Mastercard announced a new mobile virtual card app that enables virtual commercial cards to be seamlessly added to digital wallets. The innovative app is designed to offer financial institutions more choice in how they deliver the secure and sustainable contactless payment solutions that companies increasingly expect.

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Visa Contactless Payments Payment APIs and Integration Commercial Card 52

PYMNTS

FEBRUARY 10, 2020

. “Many organizations have long struggled with the challenge of gaining real-time visibility into purchases made on corporate cards, and, as a result, they were unable to get an accurate and timely picture of employee spend,” said Ted Power, chief product officer of Emburse.

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Commercial Card Reconciliation B2B Automation 52

The Fintech Times

APRIL 8, 2024

“Ever since SUNRATE started issuing commercial cards, it has been all hands on deck to expand our offerings and bring even more features to our customers – the support of Apple Pay is part of SUNRATE’s global vision to drive B2B digitalisation for businesses worldwide.”

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Credit Cards PCI DSS Commercial Card Treasury Management 58

The Fintech Times

MARCH 16, 2024

By adopting this solution, Merex Investment can now collect rental receivables into its bank account through commercial card payments made by its tenants in the UAE. Shahram Shamsaee , CEO of Merex Investment, commented: “By leveraging Visa’s BPSP solution, we digitise payments, enhance efficiency, and drive transparency.

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Reconciliation B2B Commercial Card Non-Bank 58

The Fintech Times

OCTOBER 3, 2024

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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Process Point-of-Sale (POS) Automation B2B 63

Fintech Finance

AUGUST 23, 2024

SetldPay provides solutions for any kind of prepaid card program including gift cards, fuel cards, travel & FX, B2B and commercial cards. A key USP for SetldPay is their automated funds flow that allows just-in-time funding to minimise pre-funding requirements and massively simplify reconciliation.

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Issuers Process Reconciliation AML 98

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.

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Commercial Card Reconciliation Payments ACH 53

Fintech Finance

NOVEMBER 14, 2024

Virtual Mobile Wallet Commercial Cards: Santander was the first financial institution in the U.S. to offer clients mobile virtual cards. Treasury Fusion also streamlines clients’ day-to-day account reconciliation, including frequent updates of balances and transaction activity so they can focus on running their business.

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Online and Mobile Banking Product Cash Management Treasury 52

PYMNTS

MAY 6, 2020

FinTech Conferma Pay said Wednesday (May 6) that it has teamed up with Visa to integrate the payment network’s virtual cards into the Conferma Pay mobile app, provisioning commercial cards to their phones’ digital wallets. billion a month in the U.S. ” The Mechanics And The Roadmap.

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Reconciliation Commercial Card Contactless Payments Online and Mobile Banking 107

Fintech Finance

APRIL 8, 2024

. “Ever since SUNRATE started issuing commercial cards, it has been all hands on deck to expand our offerings and bring even more features to our customers – the support of Apple Pay is part of SUNRATE’s global vision to drive B2B digitalisation for businesses worldwide.”

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

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.

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Commercial Card Risk Push-to-Card Reconciliation 47

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 96

Payment Solutions Point-of-Sale (POS) Payments Automation 96

PYMNTS

NOVEMBER 17, 2020

is partnering with Global Healthcare Exchange (GHX) to help healthcare organizations pay suppliers with commercial cards, Boost announced today (Nov. Commercial cards have become an effective cash management solution, especially during the pandemic’s disruptive effects on how organizations choose to pay and hold cash.

Payment Solutions 52

Payment Solutions Commercial Card Payments Wires 52

PYMNTS

FEBRUARY 18, 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 the biggest in areas outside of payments.

FinTech 82

FinTech Commercial Card Cross-Border Cross-Border Payments 82

PYMNTS

SEPTEMBER 9, 2020

In this week's Commercial Card Innovation Tracker, PYMNTS rounds up the latest innovations that showcase how industry players are looking beyond the card itself — and toward API integrations and value-added features — to encourage corporate card use. Airbase Spend Signals Rising Card Adoption.

Payment APIs and Integration 94

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

PYMNTS

DECEMBER 30, 2020

“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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B2B Process Point-of-Sale (POS) Commercial Card 105

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

Fintech Finance

SEPTEMBER 12, 2024

Morgan Commercial Cards and Oracle Fusion Cloud. With the pre-configured setup, we aim to enhance our workflows along with streamlining our reconciliation process. Morgan Payments to help corporate treasury make informed and smarter decisions. Morgan Payments and Oracle Fusion Cloud ERP is an exciting opportunity. ” J.P.

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Treasury Point-of-Sale (POS) Payments Near Real-Time 106

PYMNTS

OCTOBER 2, 2020

Plus, Boost Payment Solutions is collaborating with Visa to provide further automation and flexibility to commercial card issuers, cardholders and suppliers. Boost Partners With Visa To Enhance Commercial Card Use. In today’s top news in digital-first banking, banking startup Dave Inc.

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Payroll Commercial Card Card Issuer Central Bank 52

PYMNTS

JULY 31, 2019

JPMorgan has announced it will use the service to streamline the delivery of electronic B2B payments for its commercial card clients. BPN’s offering is a great fit for JPMorgan’s commercial card clients and their suppliers,” said John Skinner, head of commercial cards at JPMorgan.”

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Payment Networks Business Payments Commercial Card B2B 76

Fintech Finance

JANUARY 16, 2024

Suppliers who accept Mastercard will be able to extend net terms, or trade credit financing, and SKU-level invoicing to business buyers through TreviPay’s Universal Acceptance solution using Mastercard’s commercial card payment capabilities.

Credit Cards 52

Credit Cards B2B Visa Payment APIs and Integration 52

PYMNTS

OCTOBER 8, 2019

Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for Australian businesses. The tool is designed to enable SMBs to pay their vendors with commercial cards, even if that vendor does not accept them. Reports in IT Wire on Monday (Oct.

Commercial Card 57

Commercial Card Small Business Wires Wire 57

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.

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Faster Payments Commercial Card ACH Payments 53

PYMNTS

MAY 13, 2020

As commercial card transaction volumes climb, two of the industry’s biggest players – Visa and Mastercard – have each announced new solutions designed to enhance the payment experience for corporates. This has particularly importance today, as fewer people are interested in touching devices and cards at the point of sale.

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Commercial Card Contactless Payments Visa Reconciliation 52

PYMNTS

SEPTEMBER 22, 2020

In the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space. But we’ve focused on finding new areas of spend for buyers to utilize their cards,” Leavitt noted. But in an interview with Karen Webster, Dean M.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

JUNE 26, 2018

American Express (Amex) and Amazon have teamed up to release a new commercial card product designed for small businesses (SMBs) buying on the Amazon platform. Announced today (Tuesday, June 26), the co-branded card for SMBs in the U.S. Amazon and Chase have an existing relationship to offer consumer card solutions.

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Small Business Credit Cards Commercial Card Reconciliation 59

PYMNTS

DECEMBER 29, 2020

But even if a business is sending ACH or accepting commercial card transactions, the processes and workflows associated with a B2B transaction remain complex, and they often cannot be remedied solely by adopting electronic payment methods.

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B2B Reconciliation Payments Automation 114

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.”

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B2B Commercial Card Cross-Border Cross-Border Payments 65

PYMNTS

DECEMBER 2, 2020

Witness the rise of commercial card products and rebates over the past several decades, where Aquilina said “the focus really generated heat around the buyer and the cardholder that was absolutely not matched by banks on the supplier or merchant side.”. Suppliers have been pretty much forced to accept cards.

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B2B Innovation Commercial Card Push-to-Card 79

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov.

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B2B Payments Reconciliation Payer 115

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.

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Innovation Payer Cross-Border Payee 61