PYMNTS

JANUARY 8, 2020

There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. A Focus On Transparency.

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Commercial Card FTC Federal Trade Commission Small Business 52

PYMNTS

DECEMBER 30, 2019

Unlike a small business, the middle market typically holds a lower-risk profile with steady profits and strong growth. And unlike the large commercial enterprise space, the middle market doesn’t often demand immense complexity of products and services. In the credit card arena, rewards are king, Carrera said.

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Commercial Card Push-to-Card Small Business Addressing 53

PYMNTS

NOVEMBER 18, 2020

The suite of Mastercard payment solutions aims to enable businesses to save time, reduce costs and manage business expenses in more streamlined ways, with corporate clients able to further access Mastercard's In Control for Commercial Payments , a platform that helps companies add end-to-end virtual payments for an enhanced user experience.

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Commercial Card Visa B2B Reconciliation 75

PYMNTS

MARCH 13, 2020

Yet in only the last few months — and even weeks — India’s FinTech startup community has seen a proliferation of commercial card innovation. It’s an interesting phenomenon, especially considering the path to corporate card adoption elsewhere. “All of these expenses require a credit card,” he said.

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PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

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Commercial Card Payroll B2B Small Business 52

PYMNTS

FEBRUARY 27, 2019

Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban. However, missing from much of this regulatory debate is the issue of interchange fees on commercial cards. ” The Commercial Card Debate.

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Commercial Card Caps Regulations Card Issuer 70

PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Commercial Card 53

Commercial Card Card Issuer Issuers B2B 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.

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Small Business Credit Cards Commercial Card Reconciliation 59

PYMNTS

SEPTEMBER 19, 2019

challenger FinTech Cashplus has hired a commercial card risk expert from American Express, reports this week said. Commercial Cards and Payments and before working at Amex, Duseja held a position at Accenture. According to reports Wednesday (Sept. He comes from American Express as its head of credit risk for U.K.

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Commercial Card Risk Small Business API 43

PYMNTS

FEBRUARY 20, 2020

In fast-growth small businesses, the focus is on expanding the top line — not tackling the paper chase in the back office. “Businesses are at the point where they’re maximizing their key product offering[s], trying to grow revenue and their finance teams are stretched. ” The Biggest Culprits Of Waste.

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Commercial Card Duplicate Underwriting Transactions 56

PYMNTS

MAY 13, 2020

EedenBull , a Norwegian FinTech, has rolled out its new commercial card platform to banks to take advantage of better B2B payment capabilities, according to a press release.

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Commercial Card B2B Legal Small Business 58

PYMNTS

SEPTEMBER 5, 2016

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. Now, the Australian Small Business and Family Enterprise Ombudsman Kate Carnell is taking a look at the Reserve Bank’s potential plans. would impact the market.

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Commercial Card Regulations Caps Small Business 40

PYMNTS

FEBRUARY 6, 2018

BMO Bank of Montreal is expanding its commercial card portfolio with a focus on small businesses. 5) that it is launching four new small business credit card products with various spender benefits. We want to support small business every step of the way as they grow and evolve.”.

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Commercial Card Small Business Visa Credit Cards 40

PYMNTS

MAY 29, 2019

Mastercard is rolling out a commercial card product designed for small businesses across Asia Pacific in a new collaboration with United Overseas Bank (UOB), an announcement Tuesday (May 28) said. Of these, most use their commercial credit cards in the region for travel and business entertainment.

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Commercial Card APACS Visa Small Business 46

PYMNTS

NOVEMBER 5, 2018

With the new research finding opportunity for wire to disrupt checks’ hold on accounts payable, and millennial entrepreneurs shying away from business credit card products, the latest data signals changes ahead for the way small business owners pick their payment rails.

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Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

OCTOBER 26, 2018

Moving over to Hong Kong, Neat is a startup that provides SMBs with financial services like commercial cards and banking tools. million in Series A funding, Futrli landed support from e.ventures, Notion Capital and firstminute Capital for its small business forecasting and reporting solutions.

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Small Business Cross-Border Cross-Border Payments FinTech 77

PYMNTS

MAY 13, 2016

Indian airliner Jet Airways is teaming up to bring SMEs in the nation a commercial card solution, a move reports said will bring India its first contactless business card. Reports on Thursday (May 12) said ICICI Bank will collaborate with Jet Airways to launch the Jet Airways ICICI Bank Business Advantage Card.

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Commercial Card Cash Management Credit Cards Small Business 40

PYMNTS

JANUARY 6, 2021

With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. American Express Expands Small Business Offering. Neat Debuts Its Visa Card For Small Businesses.

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Commercial Card Small Business Credit Cards B2B 102

PYMNTS

NOVEMBER 4, 2019

Under the existing relationship, Brex has been able to issue World Elite Mastercard for Business commercial cards. Mastercard said separately that it is adding Microsoft solutions to its suite of small business benefits. BlueVine Business Banking. Brex has named Mastercard as its preferred network giant.

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Commercial Card B2B Visa Cross-Border 40

PYMNTS

APRIL 10, 2019

Bank of America is making changes to its cash-back small business credit card, reports in NerdWallet said this week. The biggest change to the bank’s Business Advantage Cash Rewards Mastercard small business credit card is a lower cap on bonus rewards.

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Small Business Adjustments Credit Cards Caps 46

PYMNTS

DECEMBER 2, 2020

This week's Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed to enhance spend management and help SMBs access credit during turbulent times.

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Commercial Card FinTech Small Business Visa 65

PYMNTS

MARCH 25, 2016

In an announcement made Thursday (March 24), the bank revealed the rollout of its Deposit Express mobile app, geared specifically for small businesses and employees collecting paper checks while out in the field. Deposit Express is specifically tailored to meet the needs of small businesses. Bank has rolled out this year.

Small Business 40

Small Business Checks Online and Mobile Banking Treasury Management 40

The Fintech Times

JUNE 1, 2024

UK-based NatWest Bank has extended access to Business Savings from Mastercard to its business debit card customers, in a move to provide more savings to small businesses. ” All cardholders with an eligible business debit card product are automatically enrolled in the programme.

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Debit Card Enrollments Small Business Visa 59

PYMNTS

APRIL 9, 2020

Access to financial services is a staple of success for any business, but many SMBs can face particularly high hurdles when accessing the products and services they require. ” “It’s an outdated process,” he said of the hoops small businesses have to jump through to obtain a small business credit card.

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Commercial Card Small Business Credit Cards Underwriting 60

Payments Source

APRIL 10, 2017

Bank of America Merrill Lynch, Citi and PNC Bank are the first three banks to adopt the service, which is aimed at customers who use Visa commercial and small-business credit cards to buy supplies from Amazon Business.

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Commercial Card Credit Cards Small Business Payments 60

PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. Small Business Card Use On The Rise. Amex Under Fed Scrutiny Over SMB Card Practices.

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Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

PYMNTS

APRIL 2, 2020

With cash flow constraints dominating the headlines, financial service providers are introducing a slew of new products and services to help small businesses strengthen their financial standings amid the coronavirus crisis. PYMNTS rounds up the latest in commercial card innovation below.

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Commercial Card Small Business Debit Card Credit Cards 65

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.

Commercial Card 52

Commercial Card Finance B2B Small Business 52

Finovate

APRIL 16, 2024

Small business banking platform Rapid Finance is launching a Rapid Access Mastercard , a prepaid card through which small businesses can access their line of credit. Rapid Finance’s card program is the first program sponsored by SoFi Bank.

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Small Business Visa Commercial Card Finance 52

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

Fintech Finance

MAY 29, 2024

NatWest has extended access to Business Savings from Mastercard to business debit card customers. Business Savings is a merchant discount programme provided by Mastercard which gives small business customers access to merchant offers when paying with an eligible Business Mastercard at merchants participating in the programme.

Visa 52

Visa Debit Card Enrollments Small Business 52

PYMNTS

NOVEMBER 20, 2019

Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. Such was the strategy of JPMorgan in its latest corporate card initiative. Check out the latest in corporate card innovation below. Amex Collaborates On Virtual Card Adoption. customers mid-2020.

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Issuers Commercial Card Innovation Cross-Border 62

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.

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Commercial Card Card Issuer Visa Issuers 56

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. 7) said Visa and Payment Logic are launching Yak Pay, a new company that connects small businesses with a supplier payment solution.

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Commercial Card Small Business Wires Wire 57

PYMNTS

OCTOBER 16, 2019

Small business accounting solution provider ScaleFactor is expanding its product suite to include a commercial card product to support expense management. The tool enables small business owners to issue cards to employees and digital accounts while integrating that spend data into the ScaleFactor platform.

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Commercial Card Small Business Accounts Product 50

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches.

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Commercial Card Innovation Ransomware Credit Cards 52

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2B Payments. CardUp Mixes Rails To Enable Card Payments.

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B2B NACHA Innovation Nacha Operating Rules 88