Remove Payer Remove Remittance Data Remove Service Provider
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Preserving Check Workflows Can Ease B2B Payments Digitization

PYMNTS

” That understanding means service providers cannot force corporates away from paper. Remittance data is one of the strongest factors driving suppliers’ continued preference for checks, Reed explained, so any technology that aims to digitize payment cannot afford to ignore its importance.

Checks 67
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How Small Businesses Ride Their Payment Rails

PYMNTS

What is clear, though, is that ACH is a growing part of businesses’ accounts payable (AP) and other payment operations, with industry service providers pushing corporates away from paper checks. New data has emerged about how SMBs use other payment rails , including cards and wire transfers. NACHA said 43.2

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For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. ” Remittance data, linked to payments between providers and insurance players, is critical on both ends of the transaction. ”

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Where APIs Fall Short On Corporate Finance Integration

PYMNTS

Data integration is key for any area of the enterprise, but data sharing between financial platforms is now one of the biggest focuses for enterprises and their financial service providers, particularly as open banking trends begin to simmer in the U.S.

API 69
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Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

PYMNTS

“The intent of the organization is to help payers better identify [the] payee information they need in order to make electronic payments,” he said in an interview, adding that the directory aims to be “payment agnostic” and support payments made via a variety of rails, including FedWire, ACH, SWIFT, lockbox and, yes, paper check.

B2B 40