PYMNTS

OCTOBER 1, 2019

Payments company Discover has entered a new partnership with source-to-pay solution provider JAGGAER to power B2B payments on the JAGGAER ONE procurement platform. 1), Discover announced its collaboration to enable payments via virtual card from directly within the JAGGAER ONE platform. In a press release issued Tuesday (Oct.

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Commercial Card Remittance Data Payments Reconciliation 51

PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. There were glaring friction points, he said, from regulatory challenges for incompatible payment methods. Fintainium Eyes Remittance For AR, AP.

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Accounts Innovation Remittance Data Debit Card 72

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. A Reconciliation Headache. The thirst for data among businesses is reaching levels we’ve just never seen before.”.

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Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

MARCH 3, 2020

Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. A Trusted Relationship.

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Accounts Underwriting Reconciliation Credit Limit 74

PYMNTS

DECEMBER 20, 2018

The payments industry has been talking about the digitization of B2B transactions for years, maybe decades, with not much of a nudge of that needle. In some ways, the lack of digitization is the result of the financial services industry operating on misconceptions about the best ways to ensure that electronic B2B payments gain traction.

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B2B Push-to-Card Payments Checks 65

PYMNTS

OCTOBER 26, 2018

With government and private sector-led initiatives pushing for faster, digital payments across the globe, corporates and financial institutions are still missing a key element of enhanced transactions: data. In corporate banking and payments, the challenges that arise can be vast. But even as regulators like the Fed in the U.S.,

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Remittance Data ACH Request for Information RTP 60

PYMNTS

JUNE 29, 2018

B2B payments in the insurance industry suffer from many of the same challenges that other markets do: namely, check-based payments. However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine.

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Faster Payments Same Day ACH ACH Remittance Data 40

EBizCharge

JUNE 19, 2024

Remittance advice is a tool used to clearly communicate payments between customers and businesses. What is remittance advice? Remittance advice refers to a document a customer sends to a business to indicate that an invoice has been paid. Why do you send remittance advice?

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Payer Reconciliation Correspondent Disputes 52

PYMNTS

OCTOBER 31, 2019

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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Lockbox Remittance Data Checks RTP 43

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment.

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Automation Accounts Payments Disputes 42

PYMNTS

DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. Much of the pushback, he said, stems from a few “knee-jerk” misconceptions that suppliers hold about virtual card payments.

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Faster Payments Commercial Card ACH Payments 53

PYMNTS

JULY 21, 2017

The buyer-supplier disconnect in how payments are made and received is a predicament at the cornerstone of many innovative B2B FinTech solutions. In a recent interview with PYMNTS, Ernie Martin, founder and managing director at Receivable Savvy, waded through much of the statistics on supplier payment preferences and invoicing behavior.

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Checks ACH Payments Same Day ACH 47

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.

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PYMNTS

MARCH 16, 2016

in its faster payments initiatives. That’s probably sound advice for any market hoping to achieve faster, more efficient payments — especially cross-border — by adopting a unified payments messaging system. Existing payment standards are limited in the amount of remittance information they can support,” concluded the CPA.

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ISO 20022 ISOs Message Standards Cross-Border 40

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. Those attributes mean that implementation gets easier and can be adapted to suit any combination of users or payment methodologies.

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Remote Deposit Capture Lockbox Remittance Data Compliance 40

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. “Checks will be around for a while. Preserving Check Workflows.

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Checks B2B Payment APIs and Integration Remote Deposit Capture 67