Fintech Finance

JULY 11, 2024

Billtrust , a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its Business Payments Network (BPN).

Payment Networks 97

Payment Networks Business Payments B2B Remittance Data 97

PYMNTS

NOVEMBER 27, 2019

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

OCTOBER 22, 2020

With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction.

B2B 89

B2B Lockbox Remittance Data ACH 89

PYMNTS

NOVEMBER 19, 2020

Through integration with enterprise resource planning (ERP), the A2A solution enables a more seamless B2B payment experience for both buyer and seller while both sides also gain access to rich remittance data, the company noted. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

OCTOBER 26, 2018

In an earlier interview with PYMNTS, Ben Peters, chief operating officer at insurance payments solutions company VPay, said a lack of remittance data may be partially to blame for ACH’s lack of ubiquity. In corporate banking and payments, the challenges that arise can be vast.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

OCTOBER 31, 2019

And while the lockbox continues to play an important role in AR and reconciliation, it no longer addresses the entire challenge as more electronic payments come in without remittance data. The emergence of faster payment networks is elevating the importance of AR functionality even more. The Path to Integration.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

JULY 1, 2019

Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Canadian payments network Interac has experimented with blockchain for consumer payments.

Cross-Border Payments 84

Cross-Border Payments Cross-Border Blockchain SWIFT 84