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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

PYMNTS

OCTOBER 11, 2019

In a PYMNTS interview with Karen Webster, Ryan Frere, vice president of global payments at Flywire , said the partnership “opens up 13 currencies across the network we can allow payers to choose when they use JCB cards to pay tuition.”. And, as he told Webster, the JCB partnership helps establish a beachhead into other verticals.

Cross-Border 53

Cross-Border Cross-Border Payments Payer Interoperability 53

PYMNTS

JUNE 20, 2017

The bank said in news Monday (June 19) that supporting use of a mobile wallet solution for corporate payers can help business travelers streamline transactions with online payments and expensing while boosting security. “Companies also are focused on the changing demographics of the U.S. labor force.

Commercial Card 44

Commercial Card Online and Mobile Banking Payer Card Issuer 44

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 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

NOVEMBER 20, 2019

Real-time payments could result in more efficient payment operations that improve payer-to-provider flows by quickly issuing disbursements from payers to healthcare providers. Electronic messaging standards, such as ISO 20022, could also repair healthcare’s reconciliation issues.

Real Time Payments 44

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Furthermore, the challenges faced by suppliers when collecting payments can mean additional friction for their payers. That’s because AR and accounts payable (AP) processes are intrinsically connected.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Payer 53

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

PYMNTS

MAY 7, 2020

.” Virtual checks and application programming interface (API) infrastructures enable seamless integration of electronic disbursement workflows within the rest of the back office to ensure that payment initiation retains the “look and feel” of a paper check payment for the payer.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

Clearly Payments

DECEMBER 5, 2023

Key functions of a payment processor include: Transaction Authorization: Payment processors verify the legitimacy of transactions by checking the availability of funds in the payer’s account or ensuring the credit line is sufficient. Merchants acquiring services from acquirers benefit from having their own dedicated merchant accounts.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Nanonets

SEPTEMBER 21, 2023

Here is a brief overview of the process: Initiation: The payment process begins with the creation of an electronic payment request by the payer. Transmission: The payment confirmation is transmitted back to the payer's system via EDI. The payer may also send an electronic message to confirm receipt of the payment confirmation.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

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