PYMNTS

SEPTEMBER 12, 2019

The AFP surveyed 379 corporate treasury professionals and found that 68 percent are using wire transfers to move money across borders, for example, a finding that researchers said highlights “the challenge in making changes to payments processes even if current systems are inefficient and costly.”.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

FEBRUARY 4, 2020

“There is an expectation that when there is some form of transaction between trading partners, usable data will also flow between them,” said Leavitt. Even the least sophisticated accounting systems have an ability to organize remittance data into usable information.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

DECEMBER 5, 2019

Among the most pervasive is that wire, ACH and check acceptance are free, whereas cards, and the interchange fees associated with them, are expensive — particularly when accepting those virtual card payments does not come with a corresponding acceleration of when payments are received.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

AUGUST 3, 2017

Maybe you’re not willing to pay the wire transfer fees for every payment. Commercial cards, and virtual cards specifically, have their place in B2B transactions, Krishna said, thanks to their cash flow management advantages for buyers and suppliers, their security, and remittance data capabilities. Maybe you’re not a merchant.”.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

EBizCharge

JUNE 19, 2024

Remittance advice documents generally consist of the following; The name and contact details of the payer The remittance advice date Payment amount and currency Payment method (e.g.,

Payer 52

Payer Reconciliation Correspondent Disputes 52

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

OCTOBER 23, 2019

This service also supports a range of existing rails, including commercial card, wire and ACH. The tool will enable suppliers to receive instant access to funds in addition to detailed remittance data from the transaction. s first new payment rail since ACH launched in 1974.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

JULY 21, 2017

“A lot of suppliers say they like the feel of the paper in their hand, they like to get the physical remittance data attached to that check — even though you can still get that data in other ways, including with ACH,” Martin explained. “But a lot of suppliers are what we consider old school. .

Checks 47

Checks ACH Payments Same Day ACH 47