Remove Accounts Remove Card Services Remove Commercial Card
article thumbnail

Wells Fargo Debuts Digital Supplier Payment Tool

PYMNTS

The financial services giant on Thursday (Nov. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. Each card payment is then assigned a virtual number tied to a commercial card account.

article thumbnail

Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

PYMNTS

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. The financial services giant on Thursday (Nov. Each card payment is then assigned a virtual number tied to a commercial card account.

article thumbnail

The Competitive Advantage Of Commercial Card Acceptance

PYMNTS

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

article thumbnail

U.S. Bank Unifies Global Commercial Card Platforms

PYMNTS

Bank is offering a new service to corporate card managers in need over overseeing company cards around the world. Bank has launched a single platform through which commercial card managers can manage card programs regardless of where those cards are. In bolstering its commercial card services, U.S.

article thumbnail

Corporate Card Players Embrace Collaboration To Drive Value

PYMNTS

The corporate card industry continues to dig its heels into adoption efforts with the launch of new products and features designed to elevate the value of the card beyond a mere means of payment. Employees Lack Access To Corporate Cards. WEX Links MYOB Users To Card Payments. SpendHub Talks Value-Added Corporate Cards.

article thumbnail

The Corporate Card Goes Contactless

PYMNTS

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz Card Service. Apple Pay Lands More Commercial Cards. This week the U.K.’s

article thumbnail

How To Push For eB2B Payments When Vendors Don’t Want Them

PYMNTS

Accounts receivable executives told researchers that they anticipate ACH to make up 45 percent of the payments they receive by 2020, while checks will decline to 34 percent. “That’s what we want, and what our clients want,” Rolfson recently told PYMNTS about the promotion of electronic rails in accounts payable.