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. 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.".

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time 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. As markets enhance payment systems, transaction times are slashed. But even as regulators like the Fed in the U.S.,

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

OCTOBER 1, 2019

The vendors, meanwhile, can have access to more detailed remittance data. JAGGAER ONE offers businesses a unified platform on which they can generate purchase orders, receive and process invoices, and initiate payments to suppliers.

Commercial Card 51

Commercial Card Remittance Data Payments Reconciliation 51

PYMNTS

MARCH 3, 2020

Spear explained that in simple transactions, a high volume of low-value purchases often leads a buyer to providing a large lump sum for multiple invoices with limited remittance advice, creating friction for a supplier to understand how to apply that cash to which particular invoices. The Outsourcing Decision.

Accounts 74

Accounts Reconciliation Underwriting Credit Limit 74

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

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. Vroozi Pay Eyes Vendor Relations.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

DECEMBER 5, 2019

Particularly as enterprise digitization progresses, payment data will become ever more important to reconciliation and accounting, and as Leavitt explained, ACH and checks cannot always provide the volume and quality of remittance data that cards can.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

MAY 7, 2020

Remittance data is one of the strongest factors driving suppliers’ continued preference for checks, Reed explained, so any technology that aims to digitize payment cannot afford to ignore its importance. 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

Imagine a world where managing financial transactions is as easy as clicking a button, free from the tedious task of manual data entry and the errors that come with it. 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

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. Nearly half of the companies surveyed by the institution said they still use spreadsheets for AR reconciliation.

Automation 42

Automation Accounts Payments Disputes 42

PYMNTS

FEBRUARY 26, 2020

Fintainium Eyes Remittance For AR, AP. One of the biggest challenges in B2B payments today for both buyer and supplier is the need for transaction data for remittance, reconciliation and accounting. There’s nothing more valuable than remittance data. This is what businesses are asking for.

Accounts 72

Accounts Innovation Remittance Data Debit Card 72

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. ” Industry players likely overestimated how much leverage corporate buyers really have over their suppliers, who pushed back against using card rails for high-dollar transactions.

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

The parameters of a truly integrated system would dictate it be able to work across existing banking and merchant processor relationships and support the full transaction lifecycle – starting with payment acceptance and ending with posting remittance data into any back office system.

Remote Deposit Capture 40

Remote Deposit Capture Lockbox Remittance Data Compliance 40