PYMNTS

MAY 6, 2019

Settlement delays are inherent in these kinds of pull payments, meaning merchants do not know at the point of sale (POS) if consumers actually have funds. . This is one area in which push payments have an advantage. Push payments’ simplicity can also streamline reconciliation in B2B situations.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

Stax

MARCH 14, 2024

Payment gateway Payment gateways are commonly used when services are purchased online, such as with online retailers. But they’re also popular to provide a way for B2B customers to make electronic payments. Payments work by giving the payer a link to complete the transaction.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

AUGUST 28, 2019

While financial institutions upgraded their technology to handle electronic batch payments, it was corporates’ systems that prevented quicker adoption. The process added friction not only to payment processes, said Cooley, but also in terms of reconciliation and the ability to access payment data.

ISO 20022 52

ISO 20022 Real Time Payments B2B ISOs 52

PYMNTS

APRIL 12, 2016

Commercial cards are often a preferred payment choice among payers for their opportunity to build up rewards. The second major benefit to v-cards, according to Vendor Centric, is the strengthened internal controls the payment tool provides. The first is cash rebates. Virtual cards, the report noted, can do the same.

Commercial Card 40

Commercial Card Credit Cards Reconciliation Payments Tools 40

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

JUNE 29, 2018

But the market’s B2B payments practices present a tougher sell to make the switch from faster, electronic payment technologies, Peters told PYMNTS. That’s because the insurance industry is heavily reliant on payment data, perhaps more so than other verticals. ”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

MARCH 1, 2019

With traditional payment methods, there are waits between when transactions are authorized and when funds are finally disbursed. According to a report , real-time payments schemes that use global messaging standards could incur new risks. These messaging standards attach more data to the transactions. Security strategies.

Faster Payments 53

Faster Payments Real Time Payments Security Message Standards 53

PYMNTS

MARCH 18, 2020

.” While COVID-19 may jumpstart some conversations about organizations’ abilities to adopt electronic payments and cloud-based financial processes, digitization is not the silver bullet to process inefficiencies, whether it’s during a pandemic or not. Lockbox Data Headaches. Automating Lockbox Data – And Beyond.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

DECEMBER 30, 2020

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. For sellers, automating payment acceptance and cash application will be important, too.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

JULY 3, 2020

Open banking — a system in which banks allow third parties to freely access their data to develop new apps and services and provide bank customers with greater transparency — is accomplished with APIs that allow third parties to interface with bank systems and access data with minimal friction.

B2B 111

B2B Payment APIs and Integration API Payments 111

PYMNTS

DECEMBER 8, 2017

Even for business payers themselves, though, virtual card adoption has perhaps been slower than some industry players would like. Leavitt, founder and CEO of Boost Payment Solutions, told PYMNTS that friction remains and holds back v-card adoption. “We But as the virtual card hype builds, some shortcomings have surfaced too.

Payer 43

Payer Payments Reconciliation Data Breach 43

PYMNTS

JANUARY 10, 2019

. “The beauty of the virtual card is that it’s the only payment modality today that solves the four biggest challenges in [the] payment process: speed, good funds, reconciliation [and] fraud risk,” explained Blair Jeffery, chief operating officer at payments processing company Noventis.

Reconciliation 61

Reconciliation B2B ACH Addressing 61

PYMNTS

OCTOBER 31, 2017

One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. In some cases, you can’t use that cash — you have it in the bank, but you can’t use it until you can apply that payment to the right invoice.”.

Treasury Management 41

Treasury Management Treasury Remote Deposit Capture Disputes 41