Remove Payment Solutions Remove Payments Tools Remove Remittance Data
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AP Innovations Begin Targeting Supplier Acceptance

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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.

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Chase, AFP Applaud B2B’s Shrinking Check Use

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The AFP’s report was released the same week a range of new electronic B2B payment tools were announced, the latest in a deluge of digital payment solutions emerging in recent years. 11), Mastercard announced a collaboration with blockchain company R3 to create a blockchain-based tool for cross-border B2B payments.

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How AR Can Usher The Legacy Lockbox Into The Digital Age

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In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand.

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How Inefficient B2B Payments Systems Hobble Business Growth

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That might mean discovering a segment of vendors that are ripe for virtual card payments or integrated remittance data. “Companies might implement a procure-to-pay solution separate from a payments solution, separate from a procurement tool,” Clark explained. A Holistic View.

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How Virtual Cards Can Live Up To Their Faster Payments Promise

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The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. Leavitt said that while vendors indeed hold some misconceptions about the payment tool, they are not necessarily wrong to resist the card rails.