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

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

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. Consumerized Experience .

B2B 115

B2B Payments Reconciliation Payer 115

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

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

MAY 24, 2017

With lack of visibility into the correspondent banking system a top challenge for B2B payments, SWIFT is rolling out a way for payers to track their cross-border payments in real time. SWIFT gpi targets companies with a global presence conducting cross-border transactions.

SWIFT 43

SWIFT Transactions Cross-Border Correspondent Bank 43

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 26, 2018

Users can view transaction activity and manage online banking entitlements, the bank explained. The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Citi said it plans to expand the offering into the U.S.

Accounts 75

Accounts Payment APIs and Integration Liquidity Management Treasury 75

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

Stax

MARCH 14, 2024

Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. All this to say that if your company transacts with other businesses, it’s worth supporting multiple B2B payment methods so you can cover your bases.

B2B 88

B2B Process B2C Credit Cards 88

Stax

JULY 9, 2024

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. TL;DR Digital payment methods have significantly transformed how we conduct transactions, making physical wallets increasingly obsolete. All you need to use a digital wallet is a smartphone.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

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

APRIL 2, 2019

Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds. . BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP in the Bill Payments Realm.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

PYMNTS

NOVEMBER 25, 2020

In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. Technology that can not only optimize a B2B transaction, but can also loop directly into both buyers' and sellers' systems, will be key to cutting the friction.

B2B 116

B2B RTP Payments Real Time Payments 116

EBizCharge

JULY 15, 2024

When it comes to business transactions, understanding the different billing methods is crucial for service providers and clients. The primary difference hinges on whether the payer remits funds before or after receiving the benefit of a service or product. This ensures both parties understand when the payment is due.

Disputes 52

Disputes Payer Legal Service Provider 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

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. Reconciliation: Both parties reconcile their financial records to ensure that the payment matches the invoiced amount.

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. The Definition of a Payment Processor A payment processor is a financial service provider that facilitates transactions between a seller (merchant) and a customer.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

PYMNTS

NOVEMBER 13, 2020

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations. API integrations can make it easier than ever for third-party FinTech solutions to enhance their own payment capabilities.

Real Time Payments 75

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

Nanonets

APRIL 8, 2024

But, just as keeping a subscription on automatic renewal without oversight can be a costly mistake, so too can mismanaging recurring ACH transactions. In its simplest form, the ACH network is like a trusted third party that receives money from the payer and processes it on their behalf before depositing it into the payee’s account.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

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 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. Card interchange rates vary based on whether the transaction is a card-present or card-not-present (CNP) transaction.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

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

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 21, 2020

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. OnPay Talks V-Card Adoption. Boost Enables STP For Corporate Cards. SAP ERP Integrates With ezyCollect.

Commercial Card 70

Commercial Card B2B Payer Transactions 70

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. Instead, the mobile pay app creates a virtual card number unique to each transaction. labor force. .”

Commercial Card 44

Commercial Card Online and Mobile Banking Payer Card Issuer 44

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

APRIL 8, 2020

“[Under] traditional-style approaches — where [a business client] basically tells the bank, ‘Can you make 50 payments for me?’ — 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.

API 99

API Payment APIs and Integration Cross-Border Facilitators 99

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

NOVEMBER 20, 2019

They could also eliminate one of healthcare payments’ most common ailments: matching transactions to patient data. . 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.

Real Time Payments 44

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

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 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 Wires Wire 110

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. Yes, checks were nearly bottom-of-the-barrel in terms of satisfaction levels, but with 63.5 Keeping the Supplier In Mind.

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

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

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