PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. McCarthy said this is ushering in a new era for lockbox services in which lockboxes must become an integrated part of the broader AR process.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

OCTOBER 26, 2018

For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics for CFOs and treasurers to gain better insight and visibility into corporate finances. In corporate banking and payments, the challenges that arise can be vast.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

NOVEMBER 19, 2020

We started on the process of seriously thinking through what it looks like to add value to transactions, even if you don't control the underlying rails.". The companies announced last week their partnership to develop a roaming management, reconciliation and settlement platform designed for the international telecommunications industry.

B2B 104

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

PYMNTS

OCTOBER 2, 2019

While corporate buyers would like to use commercial card products to make payments, due in large part to their ability to offer rewards and incentives, as well as lengthen payment times, vendors struggle to see the value in accepting the interchange fees and absorbing the costs of adopting their infrastructure and back-office processes.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

JUNE 29, 2018

” Remittance data, linked to payments between providers and insurance players, is critical on both ends of the transaction. ” In verticals like healthcare, claim data can be dozens of pages long and, at present, the market struggles with transmitting that information efficiently whenever payments are made. .”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

JUNE 22, 2016

Accounts receivable processes, like their AP counterparts, are similarly plagued by manual, paper processes, making the cash management effort monumental for suppliers. In a manual world, managing the order-to-cash process across these business processes can be a mess.

Automation 42

Automation Accounts Payments Disputes 42

PYMNTS

MAY 7, 2020

According to Reed, Deluxe’s lockbox services process $2 trillion worth of paper check payments every year, and there is no silver bullet to transitioning that volume to electronic payment method all at once. “It really minimizes the disruption.” But addressing payee needs is just as critical to easing the digital migration.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

EBizCharge

MAY 31, 2024

By streamlining financial processes, this innovative technology plays a pivotal role in modernizing company operations. 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. What is remittance data?

Automation 52

Automation Remittance Data Correspondent Wire Transfer 52

PYMNTS

JULY 21, 2017

The 2017 Perceptions Study — Analysis of Invoice-to-Cash Practices and Preferences of Supplier Organizations report, released this week, is chock-full of data on how suppliers handle the AR process. “The supplier has to create that process in which they can accept ACH payments.

Checks 47

Checks ACH Payments Same Day ACH 47

Fintech Finance

JULY 10, 2024

Insights from a recent Medical Tourism Patient Survey reveal that over half of patients globally expressed concerns over international payments[1] due to hidden costs, exchange rate complexities and greater fraud risk, demonstrating a clear need to improve the payment process. “As

Cross-Border 97

Cross-Border Visa Wire Transfer Accreditation 97

PYMNTS

FEBRUARY 26, 2020

“Accounts payable and finance departments in the middle market want to invest in growth, in products, in service, in people — they don’t want to invest in suppliers or supplier-related processes,” he said, highlighting the supplier management and communication component of AP that is becoming increasingly important.

Accounts 72

Accounts Innovation Remittance Data Debit Card 72

PYMNTS

DECEMBER 20, 2018

While a stubborn reluctance among businesses to let go of manual processes in accounts payable and accounts receivable continues to hold the industry back, it doesn’t provide the whole story of why electronic B2B payments adoption still struggles to get off the ground. Myth #1: Buyers Always Decide.

B2B 65

B2B Push-to-Card Payments Checks 65

PYMNTS

MARCH 16, 2016

“The main drivers behind CPA’s ISO 20022 initiative are to provide the Canadian financial community with enriched, robust remittance data, to enhance domestic and cross-border interoperability and to increase efficiency,” said Mark Brule, director of the CPA’s payments innovations operations.

ISO 20022 40

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. Receivables management can be as much art as science. 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