PYMNTS

OCTOBER 2, 2019

While the announcement almost exclusively focuses on the integration’s benefits for corporate payers, the companies noted that their collaboration enables vendors to receive “more detailed remittance data.”. Boost Payment Solutions Expands Globally. Vroozi Pay Eyes Vendor Relations.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

FEBRUARY 4, 2020

As B2B payments migrate away from the paper check in their own digitization journey, a supplier’s opportunity to access valuable transaction insight grows. Even the least sophisticated accounting systems have an ability to organize remittance data into usable information. According to Dean M.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

SEPTEMBER 12, 2019

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.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

NOVEMBER 5, 2018

Buyers also need to know much more about how to make that payment, including an email address, remittance data or a bank account number — the list goes on, depending on buyer/supplier pairing, he said. Regardless, the underlying issues are the same. How It Works.

B2B 78

B2B Checks Payments Push-to-Card 78

PYMNTS

OCTOBER 31, 2019

But the tool’s ability to accept data along with a payment (i.e., the ability to not only receive a check payment, but know what invoice that check is for), is a functionality with which many electronic payment solutions today continue to struggle. The Path to Integration.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

DECEMBER 5, 2019

The latest evolution of commercial card technology, however, aims to position cards as a digital tool for accounts payable teams to make supplier payments. For Boost Payment Solutions, that means integrating its Dynamic Boost capabilities, which allow a vendor to only accept card payments if they are made within agreed-upon terms.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

OCTOBER 23, 2019

Meanwhile, both PNC Bank and Bank of America introduced new solutions designed to ease friction in B2B payments by embracing a range of existing rails. For BitPesa, developing a new blockchain payment rail is the answer to that demand. Mastercard is also taking advantage of a new payment rail in a collaboration with PNC Bank.

Faster Payments 40

Faster Payments B2B RTP ACH 40

EBizCharge

JUNE 19, 2024

Cons Delayed receipt and processing: Delays in receiving and processing remittance advice can slow down the AR process, potentially impacting cash flow and financial planning.

Payer 52

Payer Reconciliation Correspondent Disputes 52

PYMNTS

APRIL 1, 2016

For banks, according to an e-book by payments processing firm FTNI, receivables management is a constant juggling act across corporate customers, and their own internal daily ebb and flow of cash flow. Innovation, said FTNI, is key, but the right type of innovation is even more important.

Remote Deposit Capture 40

Remote Deposit Capture Lockbox Remittance Data Compliance 40

Fintech Labs Insights

OCTOBER 6, 2015

Strategic acquisitions have created a unique suite of services helping businesses and financial institutions attract and retain customers, including marketing services and payment solutions. Our customer base includes nearly 4.6 million businesses, approximately 5,600 financial institutions, and 6 million individual customers.

Remittance Data 22

Remittance Data Checks Payment Solutions Security 22