Fintech Finance

JULY 10, 2024

These include increased security, robust controls, and real-time remittance data for more efficient reconciliation. As soon as the payment is initiated and validated, the MTA’s banking partner will issue a Mastercard virtual card to pay the healthcare provider directly.

Cross-Border 96

Cross-Border Visa Wire Transfer Accreditation 96

EBizCharge

MAY 31, 2024

Imagine a world where managing financial transactions is as easy as clicking a button, free from the tedious task of manual data entry and the errors that come with it. By streamlining financial processes, this innovative technology plays a pivotal role in modernizing company operations. What is remittance data?

Automation 52

Automation Remittance Data Correspondent Wire Transfer 52

PYMNTS

OCTOBER 22, 2020

With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction.

B2B 89

B2B Lockbox Remittance Data Payments 89

PYMNTS

NOVEMBER 27, 2019

“The question is, how will you leverage the amount of information that’s contained within the message to ensure that you’re giving your customers the ultimate advantage of complete data,” Halpin said. That’s where I believe it becomes an assessment for each participant in the payments chain to consider.”.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

JANUARY 21, 2019

The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executives turning to hiring activity and technological innovation as drivers of their success. A Holistic View. “It’s a matter of when, not if.”

B2B 75

B2B Remittance Data Payments Process 75

PYMNTS

NOVEMBER 17, 2020

Anderson described Mastercard's approach to driving change in the B2B payments arena as checks falling by the wayside, and how innovating upon existing rails can ease the digital transition for corporates looking to optimize their payment workflows. Driving B2B Payments' Evolution. Slowly but surely, corporates are migrating away from checks.

B2B 128

B2B Visa Cross-Border ACH 128

PYMNTS

OCTOBER 26, 2018

In an earlier interview with PYMNTS, Ben Peters, chief operating officer at insurance payments solutions company VPay, said a lack of remittance data may be partially to blame for ACH’s lack of ubiquity. But even as regulators like the Fed in the U.S., As markets enhance payment systems, transaction times are slashed.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Businesses Drive Australia's NPP Adoption.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

JANUARY 24, 2018

The publication said the NPP is not only a response to the demand for faster payments, but also for payments innovation and modernization as well. Reports in OpenGov said Tuesday (Jan. The NPP’s official website highlights four key goals of the faster payments effort.

Real Time Payments 49

Real Time Payments Cross-Border Payments Faster Payments Remittance Data 49

PYMNTS

SEPTEMBER 7, 2020

Mastercard in May launched its Track Business Payment Service , again with a focus on working capital optimization for both buyers and suppliers and added value through enhanced remittance data collection and automation. Summer Trips: Canceled.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

FEBRUARY 26, 2020

As the world’s payment market infrastructures and their currencies complete their adoption of ISO 20022, they are reaping the benefits that interoperable and data-rich standard can offer.

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

PYMNTS

OCTOBER 31, 2019

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. And while the lockbox continues to play an important role in AR and reconciliation, it no longer addresses the entire challenge as more electronic payments come in without remittance data.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

JUNE 13, 2019

Popular use cases that have emerged in recent years include blockchain’s potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions.

Blockchain 73

Blockchain Distributed Ledger Technology (DLT) Participant Use Case 73

PYMNTS

DECEMBER 3, 2020

Embracing cross-border digital payment innovations is critical to mitigating the excessive costs and frictions of relying on old-school cross-border payment rails. Factors Driving Cross-Border Innovation . The B2B payments space has been slow to adopt digital innovations in the past, and cross-border payments are no exception.

Cross-Border 52

Cross-Border Wire Transfer Cross-Border Payments Wires 52

PYMNTS

DECEMBER 20, 2018

And while B2B payments innovation has produced a range of viable payment alternatives, there isn’t necessarily an alternative that has proliferated as easily as the check. Yet in reality, he said, remittance data – or lack thereof – can be just as big of a factor in suppliers’ decisions not to accept cards.

B2B 65

B2B Push-to-Card Payments Checks 65

PYMNTS

JANUARY 25, 2019

Data integration is key for any area of the enterprise, but data sharing between financial platforms is now one of the biggest focuses for enterprises and their financial service providers, particularly as open banking trends begin to simmer in the U.S.

API 69

API Payment APIs and Integration Finance Facilitators 69

PYMNTS

OCTOBER 23, 2019

B2B innovators have a choice when they decide to search for a better way to move money between corporates. Below, PYMNTS looks at the latest solutions that take one of those two paths as innovators address friction in checks, ACH and other rails. Work With What You’ve Got. s first new payment rail since ACH launched in 1974.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

APRIL 1, 2016

Innovation, said FTNI, is key, but the right type of innovation is even more important. For banks, according to an e-book by payments processing firm FTNI, receivables management is a constant juggling act across corporate customers, and their own internal daily ebb and flow of cash flow.

Remote Deposit Capture 40

Remote Deposit Capture Lockbox Remittance Data Compliance 40

PYMNTS

MARCH 16, 2016

“The main drivers behind CPA’s ISO 20022 initiative are to provide the Canadian financial community with enriched, robust remittance data, to enhance domestic and cross-border interoperability and to increase efficiency,” said Mark Brule, director of the CPA’s payments innovations operations.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

AUGUST 3, 2017

Commercial cards, and virtual cards specifically, have their place in B2B transactions, Krishna said, thanks to their cash flow management advantages for buyers and suppliers, their security, and remittance data capabilities. We’re not trying to drive the vast majority of B2B payments on cards,” Krishna said.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

PYMNTS

JULY 21, 2017

The buyer-supplier disconnect in how payments are made and received is a predicament at the cornerstone of many innovative B2B FinTech solutions. Buyers have their own preferences in how they want to pay, and they typically want to wait to settle their invoices to hold on to their cash for as long as possible.

Checks 47

Checks ACH Payments Same Day ACH 47

Fintech Labs Insights

OCTOBER 6, 2015

Creativity, innovation and entrepreneurial spirit combined with the resources and strength of a well-established company creates a culture expected at a start-up rather than a Fortune 1000 company. Deluxe eChecks combines the best of check writing with the convenience and speed of email delivery. ” Key takeaways.

Remittance Data 22

Remittance Data Checks Payment Solutions Security 22

PYMNTS

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. Lawrence Buettner is one member of the industry participating in this effort.

B2B 40

B2B Federal Reserve Payee FedWire 40

PYMNTS

JULY 1, 2019

Blockchain has potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions.

Cross-Border Payments 84

Cross-Border Payments Cross-Border Blockchain SWIFT 84

PYMNTS

JUNE 26, 2019

That’s the story told by Oscar Roque, AVP of innovation, research and emerging solutions at Canadian payments network Interac , in a new PYMNTS interview. However, in Canada, real-time payments, energy and incentives have combined in a way that includes blockchain, which would pave the way for other such efforts. Pilot Push.

Use Case 58

Use Case Real Time Payments Distributed Ledger Technology (DLT) Blockchain 58

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. But addressing payee needs is just as critical to easing the digital migration.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67