PYMNTS

AUGUST 19, 2020

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. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Automation 127

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

PYMNTS

SEPTEMBER 26, 2018

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Users can view transaction activity and manage online banking entitlements, the bank explained.

Accounts 75

Accounts Payment APIs and Integration Liquidity Management Treasury 75

The Payments Association

DECEMBER 13, 2024

How A2A payments work A2A transactions are typically categorised as either push or pull payments: Push Payments: Initiated by the payer, similar to a standard bank transfer, often used for one-off purchases. Faster processing: Payments are processed in real-time, improving cash flow and reconciliation.

Transactions 88

Transactions Payment APIs and Integration Push-to-Card Payer 88

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Payer Financial Debuts New ID Verification Service. Today In B2B, U.K. Plus, Just Cashflow collaborates with Railsbank, and HashCash streamlines its B2B payments offering.

B2B 75

B2B Product Payer Verification 75

PYMNTS

JANUARY 6, 2020

At the same time, a shift to electronic payments causes more reconciliation challenges, so companies are spending more time reconciling and processing them than they do even for paper payments. 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

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

Fintech Finance

OCTOBER 17, 2024

It marks a significant advancement in account-to-account payment solutions, offering businesses a fully integrated payment experience with the Worldline brand at the forefront to build trust towards payers.

Accounts 96

Accounts Cross-Border Payer Payments 96

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. Speed will be key in several workflows of the B2B commerce experience.

B2B 119

B2B Payer Payments BNPL 119

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

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

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

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

PYMNTS

SEPTEMBER 28, 2016

In a separate statement, Argo CEO Luigi Botto pointed to the benefits virtual cards can have for corporate payers. “With WEX payment solutions and Argo, our clients will have better control over their cash flow and will gain operational agility by automating payments and reconciliation of travel expense,” the executive said.

Payer 64

Payer Push-to-Card B2B Reconciliation 64

PYMNTS

JULY 3, 2020

Open banking also allows developers to aggregate bank account data into a single accounting portal, enabling automated reconciliation of the entire data set rather than doing it piecemeal. Issuing invoices and processing B2B payments can be simplified through open banking.

B2B 111

B2B Payment APIs and Integration API Payments 111

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. The issue of reconciliation remains one of the largest challenges for companies of all sizes. However, progress is gradual.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

NOVEMBER 25, 2020

One mode supported by Transcard’s new offering is RTP, a faster payment capability that, while quickly gaining traction, may not immediately seem like the right fit for B2B payers looking to hold onto capital as long as possible. On the contrary, said Bloh, RTP isn’t necessarily about speed. Everybody calls RTP a faster payment.

B2B 116

B2B RTP Payments Real Time Payments 116

PYMNTS

APRIL 30, 2020

On the contrary, B2B payments have issues such as large transaction values, complex supply chain decisions and authorization mechanisms, and context behind payments and reconciliation. And while some banks might offer more digital options for corporate clients, those solutions are often closed-loop, limiting the operability between banks.

B2B 67

B2B ISO 20022 Interoperability Funds Transfer 67

PYMNTS

OCTOBER 30, 2020

Through artificial intelligence, we can do cash flow predictions, we can monitor the behavior of payers, which have direct implications on the cash that you have to pay your suppliers," he said. They can pay it immediately, without typing in data because it's already extracted for them," said Leybaert.

XML 110

XML Payer Checks Reconciliation 110

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.

Digital Payments 64

Digital Payments Payer Payments Reconciliation 64

EBizCharge

JUNE 19, 2024

Its importance is grounded in several crucial functions: it ensures that payments are accounted for correctly, simplifies the reconciliation process, and helps maintain a precise and updated receivable balance in the company’s ledger. Remittance advice is critical in financial management for any AR team.

Payer 52

Payer Reconciliation Correspondent Disputes 52

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

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

NOVEMBER 23, 2020

As Lapusneanu noted, the ability to marry the data within a FinTech platform like Fiskl with the bank data of the small business user provides a more holistic view of finances and promotes automation in transaction categorization and reconciliation to ensure small businesses are in a healthy cash flow position.

Finance 106

Finance Payment Gateways Gateways Small Business 106

PYMNTS

AUGUST 11, 2020

Indeed, solving some of the biggest AP challenges increasingly requires aa strategic focus not just on the payer, but on the supplier accepting that transaction. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either.

B2B 110

B2B Payments Wire Wires 110

Fintech Finance

FEBRUARY 5, 2025

The integration also enables merchants to scale — collections and payment reconciliation remain manageable, even as volumes grow in line with their customer base. For their part, payers can use IBP to make secure bank payments in seconds through a simple payment link.

Payment Reconciliation 52

Payment Reconciliation CRM Payer Service Provider 52

PYMNTS

APRIL 8, 2020

Paper-based tax payments create frictions because payers cannot receive stamp duty certificates until their checks clear, but digital payments allow for instant receipt. Singapore’s tax authority has been leveraging DBS’s banking APIs, which allow taxpayers to digitally transmit stamp duty taxes owed on property transactions, for example.

API 99

API Payment APIs and Integration Cross-Border Facilitators 99

PYMNTS

APRIL 6, 2018

Reconciliation offers up a challenge, then, and the costs are high, as the industry spends $2.1 Mike Jacobs, senior distinguished engineer with Optum, said that “as this information changes, it often takes several calls and emails from the payers to verify the updated data. billion across the continuum of care maintaining that data.

Blockchain 72

Blockchain Duplicate Payer Reconciliation 72

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

PYMNTS

MAY 4, 2020

“From a payer standpoint, this generates revenue in the form of cash back to the payer, and for any company that’s looking to offset the negative impact they’ve experienced from the pandemic, such as loss of business, this is a great way to do that.”

Payer 66

Payer B2B Due Diligence Reconciliation 66

Fintech Finance

APRIL 22, 2024

With Premium ACH, suppliers receive enhanced data and reconciliation information, as well as rich reporting, and can lower their cost of payment acceptance. Providing this important data and reconciliation, Premium ACH helps strengthen relationships between payers and their suppliers.

Business Payments 52

Business Payments ACH Reconciliation Payments 52

PYMNTS

SEPTEMBER 30, 2019

Its platform offers one point of management as well as payer engagement from billing and payment through reconciliation. Flywire is a payment solution for international students and educational institutions around the world.

Cross-Border 59

Cross-Border Payments Payer Reconciliation 59

PYMNTS

JANUARY 13, 2021

All too often, he said, bringing automated payments processes and reconciliation, as well as improved cash collections, are not viewed as offering significant enough returns on investment. With virtual cards, he said, a portion of that interchange rate gets shared with the payer.

Process 94

Process AI Accounts Lockbox 94

Stax

MARCH 18, 2025

Its the underlying infrastructure of digital or electronic payments, ensuring money moves freely and securely via the payers preferred payment method to the merchants bank account. They require manual entry or separate reconciliation. Theyre also often limited to specific platforms and switching providers can be difficult.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

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

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. Citi , for example, deploys both email and SMS or voice alerts to commercial card payers to confirm the legitimacy of a purchase.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

PYMNTS

FEBRUARY 28, 2019

Use of checks, cash and paper-based reconciliation was rampant. Digital offerings, such as Stack Sports ’ new in-development solution, aim to reduce the likelihood of human errors and remove other pain points stemming from slow, paper-based payments and reconciliation processes. Reconciliation and Automation.

Reconciliation 43

Reconciliation Payments Payee Payer 43