PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Automation 127

Automation B2B Point-of-Sale (POS) Payer 127

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. ”

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

PYMNTS

OCTOBER 22, 2019

Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. Bank , each of which launched new accounts payable (AP) offerings that impact the biller-side of the transaction. Bank Targets Both Billers and Payers.

Payer 40

Payer B2B Commercial Card Faster Payments 40

Stax

MARCH 18, 2025

Its the underlying infrastructure of digital or electronic payments, ensuring money moves freely and securely via the payers preferred payment method to the merchants bank account. If the transaction is approved, the issuing bank transfers the money from the customers account to the merchant account.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

The Payments Association

DECEMBER 13, 2024

Account-to-account (A2A) payments are transforming how businesses handle transactions, making them a top choice for industries like e-commerce, gaming, and beyond. A2A payments move money directly between bank accounts, eliminating intermediaries like card networks. What are A2A payments?

Transactions 88

Transactions Payment APIs and Integration Push-to-Card Payer 88

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Payer Financial Debuts New ID Verification Service. Just Cashflow Partners With Railsbank on SMB Accounts. Today In B2B, U.K. HashCash Integrates HC Corporate For Streamlined B2B Pay.

B2B 75

B2B Product Payer Verification 75

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

JULY 3, 2020

Corporate accounting software can use open banking to automatically access bank information rather than rely on outdated and insecure practices like screen scraping. APIs allow these payments processors to directly access customers’ bank accounts without needing the information.

B2B 111

B2B Payment APIs and Integration API Payments 111

PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

NOVEMBER 25, 2020

This combination of facilitating payment and data connectivity was the motivation behind Transcard's launch of automated account-to-account (A2A) transactions. The Account-To-Account Connection. Businesses don’t want somebody setting their hands on large payments like that.”. Everybody calls RTP a faster payment.

B2B 116

B2B RTP Payments Real Time Payments 116

PYMNTS

SEPTEMBER 26, 2019

Push, or credit, transactions see payers instructing their banks to send money from their accounts to recipients’ accounts, whereas pull, or debit, transactions have recipients’ banks extract money from payers’ accounts. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

Finextra

JULY 2, 2025

Real-time tools measure a transaction’s carbon footprint so payers can offset emissions or earn “green points” at checkout. Corporate dashboards show supplier ESG ratings alongside account balances, helping treasurers pick the most sustainable partners. Banks and Fintechs now add sustainability scores to every payment.

Transactions 59

Transactions ISO 20022 Payment APIs and Integration Payments 59

PYMNTS

DECEMBER 11, 2020

In a podcast with PYMNTS, Todd Tracey , executive director at MPX , Deluxe Corporation said online platforms can bring providers and payers together in a way that improves transparency and cash flow — especially when providers are paid for one-off or out of network services. The problem is they just can’t get rid of that check.”.

Payer 67

Payer Checks Push-to-Card Commercial Card 67

PYMNTS

MARCH 18, 2020

With so many processes still based on paper, accounts receivable (AR) departments within organizations that are less advanced in their digitization journeys are facing added friction as workers are sent home. Yet payers include a vast array of information with their check payments, and lockbox providers relay that data in different ways.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

JUNE 24, 2019

Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made. Among this community is Novo , a mobile-first bank connecting entrepreneurs with bank account and debit card services. However, progress is gradual. and Europe.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. ”

B2B 110

B2B Payments Wire Wires 110

PYMNTS

JANUARY 10, 2019

Recent months have seen corporate payment heavyweights investing further into encouraging that change, often promoting the use of virtual cards, driving momentum for a payment technology that can tackle multiple points of friction in accounts payable (AP) at once.

Reconciliation 61

Reconciliation B2B ACH Addressing 61

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. For both sides, the transaction data of a virtual card payment means streamlined reconciliation and reporting.

Payer 66

Payer B2B Due Diligence Reconciliation 66

PYMNTS

OCTOBER 30, 2020

Redirect fraud is another issue, in which hackers alter an existing invoice or generate an entirely fraudulent one with different bank account details on the bill. There will certainly be people who pay without thinking, 'What's going on here?'". AI will continue to be an instrumental role in that effort.

XML 110

XML Payer Checks Reconciliation 110

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct.

Automation 47

Automation Reconciliation Card Issuer Payee 47

PYMNTS

JANUARY 12, 2021

With employees seeking to use company cash in the same way they make purchases in their personal lives, T&E has experienced rapid consumerization of workflows compared to other areas of B2B payments, like accounts payable (AP). Once you've generated that virtual card, how do you get it into the merchant account?”.

B2B 91

B2B Payments Commercial Card Best Practices 91

Nanonets

NOVEMBER 30, 2023

Companies that establish accounts payable best practices increase the visibility of information, reduce their invoice processing time, save money, strengthen internal controls and cash flow management, reduce fraud and errors, and improve vendor relationships. Accounts payable best practices are a subset of accounting best practices.

Best Practices 52

Best Practices Accounts Electronic Funds Transfer (EFT) Automation 52

EBizCharge

JUNE 19, 2024

This simple, yet essential document can decode transactions and play a role in streamlining accounts receivable (AR) operations. With prompt and accurate processing of remittance information, businesses can maintain good customer relationships by avoiding unnecessary follow-ups on settled accounts. What is remittance advice?

Payer 52

Payer Reconciliation Correspondent Wire Transfer 52

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Accounts 43

Accounts Technology B2B Cash Management 43

PYMNTS

APRIL 8, 2020

Paper-based tax payments create frictions because payers cannot receive stamp duty certificates until their checks clear, but digital payments allow for instant receipt. They want to be able to pay and go, and merchants dealing with people want money returned into their accounts instantly, too.”. Making Money Move.

API 99

API Payment APIs and Integration Cross-Border Facilitators 99

PYMNTS

APRIL 2, 2019

BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP has shaped opportunities for bill payers to get funds to recipients faster than ever, and helps electronic billing providers better process received transactions.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

PYMNTS

JANUARY 22, 2021

Morgan's Single-Use Accounts (SUA) virtual card payments offering, provides fraud protection and card rebates to OSV's finance and accounting clients, per the announcement. Million For SMB Accounting Software. Indy has been at work developing accounting software for small businesses and gig workers. 21) announcement.

B2B 66

B2B Blockchain Payments Payee 66

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

AUGUST 12, 2020

In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more. Pay Direct sees a payer initiate a payment from within a bank application integrated into a business’ own digital platform.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

JUNE 12, 2019

For CGI, that emerged in the form of a partnership with Ordo to develop a new payment service, connecting billers and payers in a secure, streamlined fashion. In addition, promoting the digitization of corporate payments could help “that dialogue between the biller and the payer,” he said.

Overlay Service 54

Overlay Service Payment APIs and Integration Payer B2B 54

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another. This can be particularly troublesome for businesses waiting to receive payment, while for payers, the cost associated with these transfers is another common pain point.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

JULY 22, 2019

For all their drawbacks, why do paper checks persist in accounts payable? PYMNTS recently surveyed accounts payable (AP) executives’ satisfaction rates with their payment technologies for the latest Payables Friction Playbook and found something surprising. They’re slow. They’re cumbersome and expensive. They open the door for fraud.

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. “The person receiving it is just happy to get paid.”

Cross-Border 53

Cross-Border B2B Cross-Border Payments Payer 53

Stax

JULY 9, 2024

Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. Businesses can also streamline accounting tasks by integrating digital payment systems with their financial software, which improves accuracy and efficiency in financial reporting.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

NOVEMBER 19, 2019

Commercial payments company WEX has announced a partnership with order-to-cash solution provider Billtrust in an effort to address accounts payable (AP) friction for its clients. “We’re pleased to partner with Billtrust to solve for the ‘last mile’ of automated settlement and reconciliation.

B2B 51

B2B Payer NOV Reconciliation 51