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.

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Visa Reconciliation Contactless Payments Commercial Card 109

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 64

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.

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Payment Solutions Point-of-Sale (POS) Payments Automation 98

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

The Fintech Times

APRIL 8, 2024

SUNRATE , a Singapore-based payment and treasury management platform, is bringing Apple Pay to its customers, offering a safer, more secure and private way to pay, and using the iPhone’s power to protect each transaction. Customers can also generate real-time transaction statements, and cater to various reconciliation needs.

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Credit Cards PCI DSS Commercial Card Treasury Management 59

Fintech Finance

APRIL 8, 2024

An intelligent global payment and treasury management platform, SUNRATE brings Apple Pay its customers, a safer, more secure and private way to pay, and uses the power of iPhone to protect every transaction. Customers can also generate real-time transaction statements, and cater to various reconciliation needs.

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Credit Cards PCI DSS Commercial Card Contactless Payments 52

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

SEPTEMBER 12, 2024

Touchless Expense: Create expense reports faster using near real-time transaction authorization data through J.P. Morgan Commercial Cards and Oracle Fusion Cloud. Morgan and Oracle partnership enables our mutual clients to achieve touchless transactions, gain cash insights, and connect actions across finance and the business.”

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Treasury Payments Point-of-Sale (POS) Near Real-Time 110

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Capital on Tap wields the commercial card to connect small and medium-sized businesses (SMBs) to financing.

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Payroll Commercial Card Legal Facilitators 83

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

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.

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Credit Cards B2B Visa Payment APIs and Integration 52

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.

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

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. Consumerized Experience .

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B2B Payments Reconciliation Payer 115

Tearsheet

OCTOBER 2, 2024

Despite the availability of digital alternatives, approximately one-third of B2B transactions continue to use cash and checks. This persistence of traditional methods, even with established options like ACH and the growing adoption of virtual cards, indicates both challenges and opportunities in the modernization of B2B financial operations.

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B2B Checks Payment APIs and Integration Push-to-Card 59

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

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance.

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Commercial Card Finance B2B Small Business 52

PYMNTS

JANUARY 28, 2021

When it comes to strengthening the B2B payment proposition, oftentimes, tackling friction for only one side of a transaction is no longer sufficient. As solution providers position innovative commercial payment solutions in the market, they're increasingly having to benefit both buyers and suppliers.

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Innovation Payer Cross-Border Payee 61

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

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 Cross-Border Commercial Card Cross-Border Payments 65

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. ” Recognizing Commercial Card Advantages.

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B2B Commercial Card Payments ACH 53

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

SEPTEMBER 22, 2020

The company noted that the product offers a full view and management over business spending in addition to allowing for orchestration, reconciliation and data on spending, according to a Tuesday (Sept. Companies have Mesh Payment’s cardless payment offering take the place of their current corporate card set-up, according to the announcement.

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B2B Payments Cross-Border Commercial Card 73

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. Discover Targets Reconciliation Data. Boost Payment Solutions Expands Globally.

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Commercial Card Innovation Payer B2B 52

PYMNTS

OCTOBER 23, 2018

Amazon Business is bolstering its services for small businesses through a new co-branded commercial card with American Express as well as enhanced Prime features for business users. Further, small businesses can obtain heightened visibility into transaction data for reconciliation, accounting and spend management purposes.

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Commercial Card Small Business Reconciliation Credit Cards 76

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. . ” U.S.

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Commercial Card Online and Mobile Banking Payer Card Issuer 44

PYMNTS

JUNE 26, 2019

According to Thakur, “this will reduce suppliers’ labor-intensive reconciliation of virtual card payments, increase their operating efficiencies and help them get paid faster.” According to the firms, Citi Commercial Cards makes Citi the first virtual card provider to integrate into Coupa Pay.

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PayPal B2B Cross-Border Payments Cross-Border 43

PYMNTS

JUNE 26, 2019

According to Thakur, “this will reduce suppliers’ labor-intensive reconciliation of virtual card payments, increase their operating efficiencies and help them get paid faster.” According to the firms, Citi Commercial Cards makes Citi the first virtual card provider to integrate into Coupa Pay.

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PayPal B2B Cross-Border Payments Cross-Border 43

Stax

MARCH 14, 2024

Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. While wire transfers and checks are quite common, the corporate credit card market is projected to have a compound annual growth rate (CAGR) of 7.3%

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B2B Process B2C Credit Cards 88

PYMNTS

OCTOBER 14, 2016

American Express is a top player in the commercial card space but is perhaps best known in the B2B space as a provider of solutions for larger corporates. The credit card giant has teamed up with a familiar face in the SME FinServ industry, however, to heighten its presence among smaller firms. Reports on Thursday (Oct.

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Finance Commercial Card Small Business B2B 74

PYMNTS

OCTOBER 1, 2019

“JAGGAER and Discover had a long history of listening to customers and are entering into a synergistic relationship to deliver the full value of virtual cards, with features that enable reconciliation,” said JAGGAER Chief Technology Officer Zia Zahiri in a statement. “We billion, including debt.

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Commercial Card Remittance Data Payments Reconciliation 51

PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. With virtual payments, buyers gain from being able to increase their days payables outstanding by leveraging their credit lines on their commercial card products.

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Checks B2B Payment APIs and Integration Payments 93

PYMNTS

JULY 11, 2019

Commercial payments company WEX is broadening its virtual payments offering through a collaboration with Visa and separately announced the broadened acceptance of its mobile payment technology at Shell locations. Canada and Europe, an expansion of their existing collaboration announced last year, to digitize commercial payments.

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Payments Commercial Card Reconciliation Authentication 43

PYMNTS

JUNE 1, 2016

MasterCard is eyeing Asia to expand its commercial card services, and in its most recent effort to do so has partnered with CIMB Bank in Malaysia. In a separate statement, CIMB transaction banking head Thomas Tan said the venture is breaking new ground for the bank and for the country.

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Visa Commercial Card Central Bank Checks 40

PYMNTS

JANUARY 9, 2020

When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers. Expanding The Virtual Payments Playing Field .

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B2B Payment Gateways Issuers Gateways 57

PYMNTS

JUNE 28, 2019

Mastercard is deploying its Masterpass technology for the first time in Turkey, collaborating with Coca-Cola Icecek to facilitate transactions between the beverage conglomerate and corporate buyers. for reconciliation or collection,” the press release explained. “This [is] efficiency in field operations.” ”

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Visa B2B Commercial Card Payments 40

PYMNTS

AUGUST 15, 2018

The tool supports ACH and commercial card payments. Corporate customers can view their invoices, payments and credits on mobile phones and tablets, as well as set up their wallets and pay invoices via the app.

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Accounts Online and Mobile Banking Commercial Card ACH 40