EBizCharge

NOVEMBER 12, 2024

A merchant account is a business bank account that allows companies to accept payments, such as debit and credit card transactions, electronic funds transfers (EFTs), and Automated Clearing House (ACH) payments. What is a merchant account? Should I set up merchant services for my eCommerce business?

Accounts 52

Accounts Online and Mobile Banking MSPS Debit Card 52

EBizCharge

MAY 15, 2024

Payment Initiation: Once the buyer receives the invoice, they initiate the payment process. Payment methods commonly used in B2B transactions include bank transfers, checks, electronic funds transfers (EFT) , credit cards, and increasingly digital payment platforms.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

NOVEMBER 9, 2016

“But we are seeing a move toward electronic funds transfers, toward stored value card payments and toward outsourcing that process altogether.” “Instead of spending resources on the data entry and payment process,” he said, “they can focus more strategically.”

Compliance 69

Compliance Cross-Border Payments Payroll Accounts 69

Clearly Payments

MARCH 18, 2024

Limited Business Acceptance: The decreasing popularity of cash is propogated by a decline in businesses willing to accept it as a form of payment. Data from the Federal Reserve reveals a stark reality—only 60% of businesses in the United States currently accept cash.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

EBizCharge

JULY 18, 2024

Ideal for businesses globally, EDI payment systems are crucial for electronic data interchange, carving a niche in the financial transaction process. What is an EDI payment? EDI payments streamline the payment process, reduce human error, minimize manual data entry, and facilitate faster funds transfers between banks.

ACH 52

ACH Transactions Payments Funds Transfer 52

PYMNTS

MAY 12, 2020

He recommends digitizing key components of paper check payments, including the automatic capture of payment data and integration with firms’ enterprise resource planning (ERP) and other back-office systems. They’re foundational, and a lot of people still like using them,” he said.

B2B 52

B2B Same Day ACH FedNow Federal Reserve 52

Clearly Payments

JUNE 3, 2024

Tokenization in payments is a security process that transforms sensitive payment data, such as credit card numbers, into a unique string of characters called a token. This token acts as a stand-in for the original data, rendering it useless to anyone who might intercept it. What is Tokenization?

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

PYMNTS

APRIL 26, 2019

So much of that revolves around a payments and fund-transfer process that has as little friction as possible. Sure, a couple “may not be married anymore,” she said, “but if you have children, you are already in the business of having happy children.” And — as every parent knows — “kids are very expensive.”.

P2P 46

P2P Payments Funds Transfer Digital Payments 46

Stax

JULY 9, 2024

Digital payments incorporate robust security features to protect sensitive information and prevent fraud. Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. What makes peer-to-peer payments unique?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

DECEMBER 3, 2020

Once these systems are integrated, they can be used to automate incoming and outgoing cross-border payments, eliminating the need for human intervention for initiating international fund transfers. The benefits of ERP-linked cross-border B2B payments extend beyond speed and cost factors, however.

Cross-Border 52

Cross-Border Wire Transfer Cross-Border Payments Wires 52

PYMNTS

JUNE 28, 2019

dollar, and currencies from more than 50 countries, through a local funds transfer. Deep Dive: Why Smarter Payments Require Smarter Infrastructure. Cross-border B2B payments accounted for $125 billion in revenue last year. The platform will support the U.S.

Cross-Border 44

Cross-Border Cross-Border Payments Deposit Account SWIFT 44

Nanonets

APRIL 18, 2023

In this article, we’ll provide a detailed look at how ACH payments work , why they’re better than checks or cards, and how to get started with ACH. How do ACH payments work? ACH payments are electronic fund transfers used to move money between bank accounts in the United States.

ACH 52

ACH ACH Network Payments Best Practices 52

PYMNTS

OCTOBER 22, 2019

Network and Payment Method Next Steps. Some observers expect remittances to shift from relying on physical entities — such as MTOs or banks that provide recipients with cash — to digital fund transfers conducted through mobile phones, as removing the emphasis on cash could cut costs.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

PYMNTS

DECEMBER 10, 2019

The provider’s new Money Transfer API supports fund transfers directly into overseas bank accounts, while another API supports money settlement in local currencies to spare recipients from the frictions of handling conversions. However, sending funds abroad may not solve all businesses’ overseas spending needs.

Treasury 52

Treasury API B2B Faster Payments 52

PYMNTS

MARCH 16, 2016

The authors of the report, entitled “Adoption of ISO 20022 for Payments and Extended Remittance Information in Canada,” noted that, as the home of the world’s eleventh largest economy in terms of GDP, Canada cannot afford to ignore the possibilities of wide-scale ISO 20022 adoption.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

Stax

SEPTEMBER 17, 2024

Essentially, it’s a piece of software that creates a secure tunnel for customers to connect with and transfer funds to merchants in online transactions. It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting. Q: How does a Payment Gateway work?

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Stax

FEBRUARY 28, 2024

The credit card terminal sends payment data to the POS system, enabling you to process and record payments easily. This means when a customer swipes, taps, or dips their credit card using your payment terminal, the purchase amount and payment data are automatically transmitted to your POS.

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

EBizCharge

OCTOBER 25, 2023

An ACH prenote is a preliminary transaction verifying and validating bank account information before initiating an electronic fund transfer (EFT). Prenotes are used for many financial transactions, including direct deposit and payroll, recurring payments, loan repayments, vendor payments, and insurance premiums.

ACH 52

ACH Direct Deposit Electronic Funds Transfer (EFT) Verification 52

Stax

APRIL 30, 2024

Digital invoicing and payment collection links to simplify smartphone payments. Easy switch between POS and mobile payments using the Stax app. Highest level of PCI security compliance that keeps payment data secure. Features: Contactless membership models for hassle-free payment processing.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

EBizCharge

JULY 29, 2024

By using ERP payments, companies benefit from a streamlined approach to managing both inbound and outbound financial transactions. This integration ensures that payment data is accurate, secure, and easily reconcilable with all other business operations data.

Product 52

Product Payments Electronic Funds Transfer (EFT) Compliance 52

FICO

FEBRUARY 17, 2023

Where is your payment data stored, and who is responsible if it is stolen? While digital wallets make instant fund transfers easy, they also open the door to potential scams. Knowing for sure who the QR code belongs to and that it’s legitimate becomes a concern.

Online and Mobile Banking 52

Online and Mobile Banking Scams Debit Card Risk 52

Fintech News

MARCH 6, 2024

The bank uses analytics on real-time payments data and risk-management systems to analyse more than 3,000 variables when issuing loans. Backed by the Japanese e-commerce giant Rakuten, RICB offers deposits, fund transfer, small loan and debit card services with plans to expand into mortgages and corporate loans.

Online and Mobile Banking 135

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 135

Stax

MARCH 14, 2024

Unlike B2C, where most transactions are simply taken at the point of sale using a credit card, debit card, or mobile payments from digital wallets, the types of payments for B2B companies can differ. It’s popular with B2B businesses as it’s a contractual payment method, requiring both parties to complete paperwork.

B2B 88

B2B Process B2C Credit Cards 88

Nanonets

JULY 18, 2023

In addition to streamlining the approval and matching process, NetSuite AP Automation facilitates electronic payments. The platform supports various electronic payment methods, such as ACH (Automated Clearing House), EFT (Electronic Funds Transfer), and virtual credit cards. How is Nanonets AP Automation Different?

Automation 52

Automation Reconciliation Audit Correspondent 52

Finovate

JANUARY 24, 2025

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more.

Regulations 72

Regulations FinTech BNPL Cross-Border 72