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

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

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 62

Digital Payments Payer Payments Reconciliation 62

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 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

Fintech Finance

JANUARY 31, 2024

Additionally, AR staff can utilize full reconciliation automation and feeless bank-to-bank payment options that eliminate card fees. When payers complete the Checkout experience, the cash is immediately applied as well as any merchant-set convenience fees, enabling CFOs to have the cash on hand immediately.

B2B 52

B2B Payer Payments Automation 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

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

PYMNTS

NOVEMBER 23, 2020

The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation. Commercial Pay Travel helps companies manage business travel spend by integrating with business travel reservation processes and reconciliation. Visa and Conferma Pay said Monday (Nov.

B2B 115

B2B Payments Reconciliation Payer 115

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

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 8, 2024

ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account. ACH Debit Transactions: Conversely, ACH debit transactions allow the payee to pull funds from the payer’s account with the payer’s authorization.

ACH 52

ACH Checks Process ACH Network 52

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

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.

ISVS 52

ISVS Consulting Payments Payer 52

Fintech Finance

JANUARY 18, 2024

At the same time, due to manual reconciliation, these healthcare providers also lack visibility into the claim payment status, putting even more strain on their billing teams. As a result, healthcare providers are often faced with significant payment delays, triggering cash flow challenges and increased borrowing costs.

Visa 52

Visa B2B Innovation Payment APIs and Integration 52

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

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

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 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

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

The Fintech Times

FEBRUARY 28, 2024

Tackling fraud in a single market Under the new rules, instant payment providers will need to verify that the beneficiary’s IBAN and name match in order to alert the payer to possible mistakes or fraud before a transaction is made. This requirement will apply to regular transfers too.

Instant Payments 67

Instant Payments Regulations Non-Bank Payments 67

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

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 Payee Payments Payer 43

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 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

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

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

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

Nanonets

MAY 30, 2023

Looking to automate the mundane & mechanical Payment Reconciliation process? Try Nanonets ™ AI-based OCR solution to automate Payment Reconciliation in your organization!  Both payer and payee receive notifications of funds transfer, which makes it a dependable process. per check avoided.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52

PYMNTS

OCTOBER 23, 2019

Deluxe automates payments and invoice matching for streamlined reconciliation. Deluxe explained that this tool automatically aggregates customer data to obtain remittance details when the payer fails to send remittance information. The AR.Bots solution, also known as Automated Retrieval Bots, is part of the Payment Reassociation tool.

Treasury Management 40

Treasury Management Treasury IRS Reconciliation 40

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

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

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

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

JUNE 15, 2018

But the reconciliation, security, payment terms and buyer-supplier relationship do not mean one size fits all for B2B transactions initiated on an eCommerce platform. Electronic payment technologies may be more expensive to suppliers, but for more streamlined reconciliation, that extra cost is often worth the value.

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

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