PYMNTS

JULY 28, 2020

Their hesitancy isn’t without reason: CFOs and finance teams can find it a monumental task to overhaul manual systems and processes that have been in place for years — and understanding the first step to B2B payments digitization can be a dizzying task. Monetizing The Virtual Card. Strengthening B2B Ties.

B2B 70

B2B Payments Cross-Border Reconciliation 70

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. to allow the challenger bank to become a commercial card issuer.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

EBizCharge

MAY 15, 2024

To better understand what and who is involved in these transactions, this article will dive into common business-to-business (B2B) terminology and payment methods. What are B2B payments? A reliable B2B payment system plays a pivotal role in the smooth operation of businesses across industries. How do B2B payments work?

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Exact Payments

AUGUST 23, 2023

As important as financial tools are to companies, equally important is the ability to accept B2B payments within an application. Customers will also appreciate features like a wide variety of B2B payment options, lower fees, payment automation/reconciliation, and fast onboarding. Exact Payments’ client, Ordway , has done just this.

Embedded Payments 52

Embedded Payments B2B Accounts ISVS 52

PYMNTS

JULY 2, 2020

“On the buyer side, utilizing cards and shifting away from checks, wire and ACH provides a new credit instrument.” At the same time, vendors are opening up to the benefits of card acceptance, allowing for extended DPO for their customers without compromising timely payments. Optimizing Card Spend.

Commercial Card 104

Commercial Card Push-to-Card B2B Card Issuer 104

PYMNTS

SEPTEMBER 22, 2020

In the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space. And many firms simply weren’t being prompted by their customers to use cards in the first place, Leavitt added.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. Commercial card transaction data can quickly become lost in a deluge of unstandardized information. Data’s Favorite Payment Rails.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

DECEMBER 27, 2016

Commercial cards have struggled to gain widespread adoption in B2B payments, and new research from Mercator Advisory Group aims to explain why — and how to overcome those adoption barriers. The report explores how card issuers and corporate buyers are approaching this challenge to convince suppliers to accept cards in B2B payments.

Commercial Card 43

Commercial Card Card Issuer B2B Issuers 43

PYMNTS

JULY 16, 2020

Commercial card innovation continues to make big waves in the accounts payable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. American Express commercial cards have been a staple for many corporates over the years.

Commercial Card 64

Commercial Card Payment APIs and Integration Value Added Service B2B 64

PYMNTS

MARCH 6, 2018

Commercial cards make up just a fraction of the supplier payments space, but the rise in virtual card technology – and the efficiency and security that come along with it – could help card issuers grab a larger slice of the B2B payments market. But we’ve been focused on different pieces of the puzzle.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

JANUARY 28, 2020

Yet, while the use of virtual cards is spreading across different sectors in the B2B space, the solution is also running into speed bumps. Among other things, Northwood said BirchStreet’s new module BirchStreet Pay allows operators to pay by check, automated clearing house (ACH) and virtual card. Card issuer U.S.

Automation 57

Automation B2B Card Issuer Accounts 57

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

PYMNTS

JUNE 20, 2019

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.

Commercial Card 53

Commercial Card Card Issuer Issuers B2B 53

PYMNTS

FEBRUARY 15, 2017

The effort to drive further adoption of virtual cards among suppliers is one of the key activities of commercial card issuers and their corporate clients.” According to Stone, the company said there has been growth in its virtual cards operations of 236 percent in the last three years in the U.S.

Commercial Card 48

Commercial Card Push-to-Card Card Issuer Innovation 48

Fintech Labs Insights

FEBRUARY 23, 2016

B2B payments platform. Prepaid card issuer. Tags: Enterprise, B2B, banks, wealth managers, investment firms, core technology. And the number of deals is up 70% (167 compared to 98 in 2015). Here are the fintech deals by size from 13 Feb to 19 Feb 2016: StoneEagle Services (VPay). Latest round: $76 million Series.

FinTech 18

FinTech Online and Mobile Banking Underwriting Funds Transfer 18

PYMNTS

DECEMBER 4, 2017

Boost Payment Solutions is one company that seeks to bring electronic payments to the B2B realm, as both an acquirer and a FinTech with an exclusive focus on commercial credit cards. That bridge, he said, is lacking in the B2B payments industry, where inefficient payment methods abound. “We In an interview with PYMNTS, Dean M.

B2B 40

B2B ACH Credit Cards Payments 40

FICO

DECEMBER 7, 2021

For example, in 2021 a surge in B2B and health-care claims payments in the US drove a 7.7% year-over-year increase in ACH transactions compared to the third quarter of 2021. Transactions totaled a whopping 7.3 billion, up by 520 million. Dollar volume totaled $18.1 trillion, a 1.375% increase.

Account Takeovers 52

Account Takeovers P2P Scams Federal Reserve 52