Fintech Finance

JULY 12, 2024

Automatic payment collection and reconciliation will offer them greater visibility, decrease manual admin and free up valuable time. At the same time, payers will benefit from peace of mind, knowing their payments will be taken on the day they’re due, without having to take any extra steps.

Faster Payments 104

Faster Payments Payer Payments Reconciliation 104

PYMNTS

JANUARY 6, 2020

The first trend that DadeSystems has noticed is that the cost of processing payments is rising, and that is for a few reasons, according to Chief Marketing Officer Tom Berdan. If they don’t use automation, companies dedicate more people to the reconciliation challenge — but automation can significantly help.

Payer 52

Payer FinTech Reconciliation Automation 52

The Fintech Times

JULY 15, 2024

The new partnership will allow ICE customers to benefit from automated payment collection and reconciliation. At the same time, payers will benefit from peace of mind, knowing their payments will be taken on the day they’re due, without having to take any extra steps. The integration is easy to set up.

Digital Payments 64

Digital Payments Payer Payments Reconciliation 64

Fintech Finance

JANUARY 31, 2024

Now, finance departments using Acumatica can accelerate AR processes to reduce days sales outstanding (DSO) and speed time-to-cash, all with zero transaction fees. Additionally, AR staff can utilize full reconciliation automation and feeless bank-to-bank payment options that eliminate card fees.

B2B 52

B2B Payer Payments Automation 52

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov.

B2B 115

B2B Payments Reconciliation Payer 115

Fintech Finance

JANUARY 18, 2024

Fragmented, slow and inefficient payment processes have long been a challenge within the healthcare ecosystem. These bottlenecks are amplified by the legacy systems that many insurance companies still rely on to manually process claims.

Visa 52

Visa B2B Innovation Payment APIs and Integration 52

PYMNTS

DECEMBER 11, 2020

In a podcast with PYMNTS, Todd Tracey , executive director at MPX , Deluxe Corporation said online platforms can bring providers and payers together in a way that improves transparency and cash flow — especially when providers are paid for one-off or out of network services. The problem is they just can’t get rid of that check.”.

Payer 67

Payer Checks Push-to-Card Commercial Card 67

Paystand

APRIL 16, 2024

Paystand’s tools boost A/R efficiency through automation and incentivize payers to change their financial behavior, enabling earlier, more profitable payments for finance departments. He noted that two key features of Paystand particularly stood out.

ISVS 52

ISVS Consulting Payments Payer 52

PYMNTS

AUGUST 19, 2020

Breaking it down, he pointed to the “three Ps” of differentiation: price, process and pain points. This can come in several forms, but what’s important, said Fordyce, is to optimize the costs and fees associated with cards, checks, ACH and other rails for all parties involved — not just the payer.

Automation 127

Automation B2B Point-of-Sale (POS) Payer 127

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

PYMNTS

APRIL 7, 2019

The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Cross-Border 62

Cross-Border Cross-Border Payments Reconciliation Payments 62

EBizCharge

JULY 15, 2024

The primary difference hinges on whether the payer remits funds before or after receiving the benefit of a service or product. Scheduled payments: Scheduled payments refer to predetermined and agreed-upon dates when payments for invoices are to be submitted by a payer to a payee.

Disputes 52

Disputes Payer Legal Service Provider 52

PYMNTS

SEPTEMBER 26, 2019

Push, or credit, transactions see payers instructing their banks to send money from their accounts to recipients’ accounts, whereas pull, or debit, transactions have recipients’ banks extract money from payers’ accounts. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Real Time Payments Push-to-Card Payee 67

EBizCharge

MAY 15, 2024

Business-to-business payments play a crucial role in commerce by allowing companies to process payments with each other using specific payment methods and key players to facilitate these transactions. Compared to B2C payments, B2B payments have a more tedious and complex process to go through. How do B2B payments work?

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Clearly Payments

DECEMBER 5, 2023

In the intricate landscape of payment processing, merchants encounter a myriad of options, each playing a pivotal role in the facilitation of financial transactions. Its primary function is to handle the processing of payment transactions, ensuring the secure and timely transfer of funds between the buyer and the seller.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. But as Anderson explained, it won’t be easy for chief finance officers (CFOs) to entirely transform these processes all at once.

Payer 66

Payer B2B Due Diligence Reconciliation 66

Stax

JULY 9, 2024

Transactions can be initiated and completed in seconds, reducing the time spent on payment processing. Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. To check, simply contact your payment processing company to confirm.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct.

Automation 47

Automation Reconciliation Card Issuer Payee 47

PYMNTS

APRIL 2, 2019

BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP has shaped opportunities for bill payers to get funds to recipients faster than ever, and helps electronic billing providers better process received transactions.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

Nanonets

SEPTEMBER 21, 2023

This paperless process has revolutionized the payment industry, replacing paper checks and manual processing with automation and electronic transfer of funds. EDI payment replaces paper checks and manual processing with automation and electronic transfer of funds. One of the main advantages of EDI payment systems is their speed.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

PYMNTS

FEBRUARY 28, 2019

Use of checks, cash and paper-based reconciliation was rampant. Payments were often manually reconciled using spreadsheets, and the process was rife with opportunities for mistakes, Alt said. Different stakeholders have different needs, however, and it is important to provide interfaces tailored to various types of payers and payees.

Reconciliation 43

Reconciliation Payee Payments Payer 43

PYMNTS

OCTOBER 23, 2019

Deluxe Corporation is augmenting its treasury management solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe automates payments and invoice matching for streamlined reconciliation. Deluxe Treasury Management said in a press release on Tuesday (Oct.

Treasury Management 40

Treasury Management Treasury IRS Reconciliation 40

PYMNTS

NOVEMBER 20, 2018

Innovators large and small are addressing some of the many friction points of paying suppliers with a commercial card, from a lack of vendor acceptance to inefficient reconciliation to cybersecurity risks. Those cost benefits can result from lower interchange fees or the reduced cost of processing a card payment, compared to paper checks.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

PYMNTS

JUNE 24, 2019

Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made. However, new small businesses (SMBs) being launched by a new generation of entrepreneurs aren’t bogged down by decades-old processes and systems that limit flexibility and evolution.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Discover Targets Reconciliation Data. Vroozi Pay Eyes Vendor Relations.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

OCTOBER 30, 2020

In the past, people were a bit lazy in changing their processes towards digital," he said. The focus of the integration remains fixed on the procure-to-pay process, explained Leybaert, with opportunities to optimize this workflow as a result of the automation of data capture and entry. It's all starting from that invoice data.".

XML 110

XML Payer Checks Reconciliation 110

Nanonets

APRIL 16, 2023

Source: esker The introduction of intelligent automation into the accounts payable process minimizes the risk of manual intervention, accelerates operations, and helps maintain compliance. Although you may think the AP automation process starts with invoice capture , digitization actually begins with the supplier relationship.

Automation 52

Automation AI Accounts Reconciliation 52

PYMNTS

JULY 21, 2020

“Not only have we been able to streamline vendor payments, reduce costs and save time, but we’ve also been able to continue processing checks while maintaining necessary social distancing protocols,” he said. OnPay Talks V-Card Adoption. SAP ERP Integrates With ezyCollect.

Commercial Card 70

Commercial Card B2B Payer Transactions 70

PYMNTS

NOVEMBER 19, 2019

The partnership will allow WEX to connect its corporate customers to Billtrust’s B2B payments services, which addresses friction for both corporate payers and the suppliers accepting payments. “We’re pleased to partner with Billtrust to solve for the ‘last mile’ of automated settlement and reconciliation. .

B2B 51

B2B Payer Reconciliation NOV 51

Nanonets

APRIL 8, 2024

QuickBooks, one of the most popular accounting and bookkeeping platforms on the market, offers a fairly straightforward method of managing recurring ACH payments to help ensure no surprises come during reconciliation time. What are ACH Payments? ACH payments are generally fast during the work week but aren’t instantaneous.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

PYMNTS

APRIL 8, 2020

— banks do not typically get involved in the intricacies of the customer’s business processes and are usually only involved in posting transactions that need to be done,” Latiff explained in a recent interview with PYMNTS. This is where APIs change the ball game. Making Money Move.

API 99

API Payment APIs and Integration Cross-Border Facilitators 99

PYMNTS

AUGUST 12, 2020

The FI will integrate nCino’s Bank Operating System with a focus on streamlining commercial and small business financing, with their tie-up first targeting Small Business Administration (SBA) loan processing to support SMBs through the pandemic. ’s Faster Payments scheme.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. That’s because AR and accounts payable (AP) processes are intrinsically connected. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Payer 53

PYMNTS

MAY 7, 2020

According to Reed, Deluxe’s lockbox services process $2 trillion worth of paper check payments every year, and there is no silver bullet to transitioning that volume to electronic payment method all at once. By virtualizing the paper check and wielding API integrations in between payer and recipient, those workflows become smoother.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

AUGUST 8, 2019

Commercial and virtual cards, meanwhile, support faster payments to vendors while enabling payers to retain their capital for longer, too, as well as the opportunity for rebates and rewards. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

NOVEMBER 13, 2020

This can be particularly troublesome for businesses waiting to receive payment, while for payers, the cost associated with these transfers is another common pain point. Enabling real-time payments via Interac can not only help to mitigate those challenges, but also introduce value-added functionality for SMBs.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75