PYMNTS

DECEMBER 29, 2020

In a time of mass illness and economic contraction, are doctors and hospitals feeling OK about payments? Demystifying the matter is PYMNTS December 2020 Digitizing B2B Payments Tracker® done in collaboration with Deluxe , examining the hurdles now set out before healthcare providers. Treating A Payments Toothache.

Digital Payments 84

Digital Payments Remittance Data Payments B2B 84

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Fintech Finance

JULY 10, 2024

The Medical Tourism Association will utilize Mastercard’s commercial virtual card technology to go beyond arranging treatments to also facilitating fast and secure payments with healthcare providers. These include increased security, robust controls, and real-time remittance data for more efficient reconciliation.

Cross-Border 97

Cross-Border Visa Wire Transfer Accreditation 97

PYMNTS

OCTOBER 22, 2020

A perfect storm of market shifts catalyzed by the global pandemic has forever changed the B2B payments landscape. At the broader level, organizations began to fully understand the biggest pain points of their B2B payments workflows — and today, as Lane recently told PYMNTS' Karen Webster, they're also beginning to understand how to fix them.

B2B 89

B2B Lockbox Remittance Data Payments 89

PYMNTS

DECEMBER 24, 2020

Dental practices typically go through many steps to receive payments, and the time and costs involved can quickly mount when many of these processes are handled manually. Insurance carriers that implement high-powered tools to boost claims processing could also trim frictions and accelerate the sector’s B2B payments. Payouts And AR.

B2B 102

B2B Electronic Funds Transfer (EFT) Payments Payer 102

PYMNTS

JANUARY 21, 2019

What businesses may often miss in their growth trajectories, however, is the importance of focusing on back-office operations, particularly when it comes to finance and payments. Usually, the back office, where payments come in or go out, [is the] last to be addressed.” ” The First Step — And Beyond. A Holistic View.

B2B 75

B2B Remittance Data Payments Process 75

PYMNTS

NOVEMBER 16, 2020

Fast-growing payments automation firm Transcard is rolling out an account-to-account (A2A) solution that it says will boost the speed and efficiency with which buyers and sellers are able to exchange money and data, while reducing risk as well. 16) press release issued by the Chattanooga, Tenn. based company.

Accounts 69

Accounts Payment Solutions Payment APIs and Integration Remittance Data 69

EBizCharge

MAY 31, 2024

Automated cash application software is a cutting-edge technological solution designed to streamline the process of applying incoming payments to the correct customer accounts and invoices. This mitigates the need for manual data entry or interpretation of remittance advice, allowing for a more accurate and expedient reconciliation process.

Automation 52

Automation Remittance Data Correspondent Wire Transfer 52

PYMNTS

NOVEMBER 5, 2018

As NACHA expands Same Day ACH functionality, it’s unclear how small and medium-sized businesses (SMBs) will embrace the faster payment capability. New data has emerged about how SMBs use other payment rails , including cards and wire transfers. today, but it’s not the only one. In all, more than 3.3 NACHA said 43.2

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

JANUARY 24, 2018

Australia is the next jurisdiction to embrace payments speed, with the country preparing for the rollout of its New Payments Platform (NPP), a real-time payments infrastructure, in the coming months. The NPP’s official website highlights four key goals of the faster payments effort. Reports in OpenGov said Tuesday (Jan.

Real Time Payments 49

Real Time Payments Faster Payments Cross-Border Payments Remittance Data 49

PYMNTS

SEPTEMBER 21, 2016

Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. In B2B payments, those characteristics could have a significant impact on supplier payments and other B2B payment habits.

Same Day ACH 76

Same Day ACH ACH Checks B2B 76

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.

Accounts 72

Accounts Innovation Remittance Data Debit Card 72

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.

Commercial Card 51

Commercial Card Remittance Data Payments Reconciliation 51

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Payments Canada President and CEO Tracey Black said RTR will help both businesses and consumers drive long-term economic growth.

B2B 104

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

PYMNTS

DECEMBER 21, 2016

The NBA’s Orlando Magic may not be the first franchise that comes to mind when one thinks of B2B payments technology, but Viewpost changed that with its announcement Tuesday (Dec. Viewpost is like Facebook for B2B payments,” said Orlando Magic Vice President of Finance Jeff Bissey in a statement. “It

B2B 50

B2B Remittance Data Payments Cash Management 50

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.

B2B 65

B2B Push-to-Card Payments Checks 65

PYMNTS

FEBRUARY 26, 2020

PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new standard in cross-border payments: ISO 20022. Richer Data With A Little Help From Our Friends . Richer Data With A Little Help From Our Friends .

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

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.,

Remittance Data 60

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.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Indeed, the U.S. Spring’s SMB Support. Summer Trips: Canceled.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

NOVEMBER 13, 2019

New York-headquartered Boost Payment Solutions is collaborating with J.P. Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. Boost is the only FinTech acquirer solely dedicated to B2B payments. Morgan Head of Commercial Card John Skinner.

Automation 43

Automation Commercial Card Enrollments FinTech 43

PYMNTS

NOVEMBER 13, 2019

New York-headquartered Boost Payment Solutions is collaborating with J.P. Morgan’s Single-Use Card Accounts (SUA) to offer automated commercial card payments, Boost said in a press release on Wednesday (Nov. Boost is the only FinTech acquirer solely dedicated to B2B payments. Morgan Head of Commercial Card John Skinner.

Automation 43

Automation Commercial Card Enrollments FinTech 43

PYMNTS

MARCH 28, 2017

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. But as with any payment technology, gaining traction can be an uphill battle. Among the biggest hurdle is suppliers that don’t accept cards as payment. The reason?

Push-to-Card 51

Push-to-Card B2B Payments Commercial Card 51

The Paypers

SEPTEMBER 13, 2021

Wells Fargo has announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that helps simplify payment and remittance data capture, re-association, and invoice matching.

Remittance Data 39

Remittance Data Accounts Payments 39

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.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

OCTOBER 23, 2017

TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. It presents major opportunities in the B2B payments space, the executive of the corporate payments company added. Corporations need to get more than just a payment. The most important thing is to have options out there,” he said.

B2B 45

B2B Payee ACH Payer 45

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.

Checks 47

Checks ACH Payments Same Day ACH 47

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.

Automation 42

Automation Accounts Payments Disputes 42

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.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

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.

Accounts 74

Accounts Underwriting Reconciliation Credit Limit 74

PYMNTS

JULY 16, 2020

With remote working mandates forcing the enterprise to accelerate its digitization journey, CFOs have elevated their payments modernization roadmaps to the top of their priority lists. “For CFOs in this day and age, it’s all about no-touch payments ,” Anderson said. ” Mixing Payments Tools.

ACH 68

ACH Remittance Data Payments Strategy Checks 68

PYMNTS

OCTOBER 23, 2019

But in payments, understanding whether something is broken in the first place — and, if so, how to fix it — is a complicated matter. Legacy payment rails can be slow and clunky, yet have already reached ubiquity. For BitPesa, developing a new blockchain payment rail is the answer to that demand. Work With What You’ve Got.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

JULY 27, 2017

In an often-cited report released by NACHA last month, accounts receivables executives said they are gearing up for ACH payments to over take paper checks when it comes to how their business customers pay. Of course, there’s the roadblock of challenging the status quo with which EML Payments must contend too.

ACH 40

ACH Checks Payments B2B 40

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Deep Data For Swift, Secure Payments . High-value payment systems operated by the U.S.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

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. The drive for payment information is a key factor behind suppliers’ gradual path toward commercial card acceptance.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

MAY 22, 2017

Remittance advice matching automatically matches data from ACH and wire payments with remittance data sent by various channels, including paper mail, email and fax. ACH and wire repair, meanwhile, automatically fixes information on payments sent via these payment rails when that data is unreadable or missing.

ACH 40

ACH Accounts Wire Wires 40

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools.

AFP 51

AFP Checks ISO 20022 Cross-Border 51