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The Commercial Card Embraces A Season Of (Major) Change

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In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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Commercial Cards: It’s All About The Data

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Leavitt, founder and CEO of Boost Payment Solutions , this is among the largest priorities for today’s accounts receivable departments, and commercial cards are stepping up to meet that demand. The drive for payment information is a key factor behind suppliers’ gradual path toward commercial card acceptance.

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How Virtual Cards Can Live Up To Their Faster Payments Promise

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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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FinTech Boost Teams With J.P. Morgan For Automated Payments

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Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers.

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J.P. Morgan Links With FinTech Boost For Automated Payments

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Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers.

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AP Innovations Begin Targeting Supplier Acceptance

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It’s a shift that may have risen out of the B2B payments industry’s commercial card conundrum. Today, emerging accounts payable (AP) solutions that wield payment tools, including commercial cards and more, are beginning to design solutions with the vendor in mind. Discover Targets Reconciliation Data.

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Discover To Power Payments On JAGGAER Procurement Platform

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The vendors, meanwhile, can have access to more detailed remittance data. Last year Discover launched the Discover It Business credit card, a new commercial card product targeting cash back rewards for its business customers. billion, including debt.