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What is B2B Payments Processing and How Do You Implement It?

Stax

Choosing a B2B payment system crucial to addressing common challenges that B2B payment systems face as well as improving client experience. Business to business organizations provide services or goods to other companies, unlike business to consumer (B2C), which is when businesses transact with consumers (individuals).

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Taking The Good Of B2C Payments ? And Leaving The Bad ? For B2B eCommerce

PYMNTS

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. “When you’re a B2B seller, you want to combine the traditional way of being paid — which is ACH for the U.S., market will grow from $889 billion by the end of 2017 to $1.2 in 2020, Deloitte added.

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. For years, corporate treasurers and CFOs have operated in a batch payment world, grouping together high volumes of transactions to send via ACH or other legacy payment methods.

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How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

Just as in other markets, eChecks, ACH, paper checks, wires and credit cards all come with their various benefits, as well as their pain points, from high processing fees to a lack of security. To solve for this, AeroPay recently launched its cannabis-targeting payments solution designed for both B2C and B2B payments.

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The Data Behind B2B Payments’ API Excitement

PYMNTS

APIs that facilitate data sharing across platforms will be instrumental in addressing some of the key pain points of this global market. 6 percent: the portion of same-day ACH volume that constituted B2B payments during the first 11 days of NACHA’s launch of the service.

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Finding The Tech-Human Balance In B2B Payment Optimization

PYMNTS

But even if a business is sending ACH or accepting commercial card transactions, the processes and workflows associated with a B2B transaction remain complex, and they often cannot be remedied solely by adopting electronic payment methods. B2B payments are messier than B2C payments," said Chanda.

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Blockchain Makes Headway Over Legacy X-Border Rails

PYMNTS

With its solution designed to address friction in supplier commercial card acceptance, Nium ‘s InstaReM brand announced the expansion of BizPay into a new market: Australia. While bank transfers may digitize a B2B transaction between a cannabis company and its vendors, there are opportunities to add value onto payment rails like ACH.