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

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

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. However, that understanding has not traditionally been the focus of B2B payments service providers.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Payer 53

Clearly Payments

DECEMBER 5, 2023

The Definition of a Payment Processor A payment processor is a financial service provider that facilitates transactions between a seller (merchant) and a customer. Moreover, they manage complex processes such as fund settlement and provide comprehensive reporting and reconciliation services.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another. 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.

Real Time Payments 75

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

PYMNTS

MAY 7, 2020

” That understanding means service providers cannot force corporates away from paper. By virtualizing the paper check and wielding API integrations in between payer and recipient, those workflows become smoother. “Checks will be around for a while. Preserving Check Workflows.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

EBizCharge

MAY 15, 2024

Invoice Generation: The process begins with one business providing goods or services to another. The seller generates an invoice detailing the products or services provided, along with their prices and any applicable taxes or fees. Below is the eight step process B2B payments need to go through to be processed.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

APRIL 6, 2018

The firms, in announcing the pilot, said this week that physicians, information service providers, managed care organizations and health systems maintain separate copies of healthcare provider information. Reconciliation offers up a challenge, then, and the costs are high, as the industry spends $2.1

Blockchain 72

Blockchain Duplicate Payer Reconciliation 72

PYMNTS

JULY 22, 2019

percent of survey respondents reporting that they are “very” or “extremely” satisfied with paper checks, it seems like B2B payers really don’t find them to be all that bad. Clark emphasized the importance of third-party service providers delivering a clearer message to accounts payable departments. Keeping the Supplier In Mind.

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. Moving forward, he continued, this will be the force driving B2B payments innovation. ” .

B2B 65

B2B Cross-Border Commercial Card Cross-Border Payments 65

PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. Agora Services To White-Label Technology. The solution is based on open banking wielding its payment initiation service, enabling Bottomline to use the U.K.’s

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

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

Stax

JULY 9, 2024

Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. Restaurants, retailers, and on the road service providers benefit the most from mPOS systems. What makes mobile POS systems unique? What makes peer-to-peer payments unique?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

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

NOVEMBER 26, 2018

In addition to the diversity of payment categories, he added that transaction sizes for small business payers emerged with another unexpected trend in electronic payments. We have people paying Kaiser for health premiums, people paying Google for Adwords.”.

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

PYMNTS

MARCH 29, 2018

With paper checks, of course, AP and accounts receivable (AR) professionals already have extra work in terms of manual data entry, reconciliation, fraud prevention and more. Card payments, meanwhile, are also subject to fraud as payers often email or phone in card details.

Checks 43

Checks B2B ACH Payments 43

PYMNTS

DECEMBER 18, 2019

However, friction breeds opportunity for innovation, with traditional financial service providers and FinTech firms stepping in to tackle businesses’ biggest payment pain points. ” Payer Pain Points.

B2C 52

B2C PayPal Cross-Border Cross-Border Payments 52

PYMNTS

JUNE 29, 2018

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. “Over the last two years, we’ve seen a significant change from insurance payers in the way they’re receptive to promoting electronic payments,” he noted.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

AUGUST 15, 2018

However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally. Behind that support of data sharing is service providers’ pursuit of usability for corporate customers. In the U.S., “Each one has to be contacted.

B2B 40

B2B Payments B2C API 40

PYMNTS

OCTOBER 22, 2019

Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. Bank introduced a new eBilling tool also designed both for billers and payers. Bank Targets Both Billers and Payers.

Payer 40

Payer B2B Commercial Card Faster Payments 40

PYMNTS

MARCH 1, 2019

It’s not just direct participants who are taking advantage of these payments schemes — financial services providers such as Fiserv are also working to extend access by offering FIs real-time payments connectivity and processing solutions. s FPS transferred £1.7 trillion ($2.25 trillion USD) in 2018 alone, for instance.

Faster Payments 53

Faster Payments Real Time Payments Security Message Standards 53

PYMNTS

JUNE 5, 2018

Working with PayPal, the company said, could ease friction for both payers and payees in the B2B payment process, encouraging firms to pay their vendors more quickly. “Younger generations are changing consumer payment habits, with paperless options like PayPal becoming the preferred choice for providing a frictionless customer journey.

B2B 46

B2B PayPal Payments Payee 46

EBizCharge

APRIL 17, 2024

Payment links are web addresses that, when clicked, take the payer to a secure payment portal to complete their purchase. Your business can benefit from payment links since they don’t involve technical requirements for the payer and offer versatile payment links such as credit cards, electronic payments, and mobile payment options.

Payments 59

Payments Online and Mobile Banking Payment Gateways Credit Cards 59

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

EBizCharge

APRIL 25, 2024

Paper checks and eChecks Paper checks are still used today since they offer a tangible record of transactions, providing both the payer and the payee with a physical document detailing the payment. EBizCharge is a versatile payment service provider that supports multiple payment options while also helping reduce transaction fees.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

PYMNTS

JANUARY 22, 2021

Morgan's Single-Use Accounts (SUA) virtual card payments offering, provides fraud protection and card rebates to OSV's finance and accounting clients, per the announcement. iBanFirst Debuts Payment Tracker For B2B Transactions Visibility.

B2B 66

B2B Payments Blockchain Payee 66

PYMNTS

SEPTEMBER 10, 2018

Financial service providers looking to enhance B2B payments offerings must turn their attention to the user experience. Moving forward, UMB said, the partnership will expand to develop a mobile app, a feature that Wilson said is becoming an increasingly important component for business payers.

Commercial Card 40

Commercial Card Payer Reconciliation B2B 40

PYMNTS

OCTOBER 9, 2019

B2B payments friction isn’t only experienced on the payer side. In terms of strengthening payment predictability, Wessels said that addressing carrier friction relies on the ability for service providers to aggregate, consolidate and streamline data from multiple sources. Failure to Act.

B2B 46

B2B Third-Party Service Provider Payments Audit 46

PYMNTS

SEPTEMBER 12, 2018

After all, with lengthier payment terms (a key factor behind cash flow issues for SMBs), targeting the payers themselves is a logical step to reaching the small business.

Finance 40

Finance Risk Mitigation Small Business Mitigation 40

The Fintech Times

FEBRUARY 28, 2024

Payment service providers such as banks, which provide standard credit transfers in euro, will be required to offer the service of sending and receiving instant payments in euro. The regulation takes into consideration particularities of non-euro area entities. This requirement will apply to regular transfers too.

Instant Payments 69

Instant Payments Regulations Non-Bank Payments 69

M2P Fintech

MARCH 28, 2024

Payment Initiation Service Provider (PISP) PISP is a third-party financial institution authorized to initiate payments directly from a customer’s bank account on their behalf. Push Payments Push payments are a type of electronic transaction where the payer actively initiates the transaction and sends funds directly to the payee.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59