Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. consumers using two or more types of digital payment methods increased by 8%. In most cases, the way two businesses transact between themselves differs from how consumers transact with businesses.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

OCTOBER 2, 2019

To get a sense of where faster payments are headed, look to the consumer. The Consumer Case, Leading To The Business Case. Yet, Kresse pointed out that, ultimately, individual consumer behavior drives changes in business behavior. So, from the beginning, start with the individual consumer.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

Stax

JULY 9, 2024

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. This can include peer-to-peer payments, and business-to-business (B2B) or business-to-customer (B2C) transactions. EFT payments are a cost-effective solution for both businesses and consumers.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. million in direct deposit [across Same Day ACH] … it’s a bit more than what I thought. 13 percent.

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

Evolve Payment

JANUARY 14, 2025

Do they have a retail environment (B2C), or do they have the more traditional B2B payment process where the card is not present? Whether in a B2C or B2B setting , business owners tend to forget that administrative costs are just as important for reducing time and payroll costs as the actual fee itself. Accept cryptocurrency payments.

Process 97

Process IRS B2C Credit Cards 97

PYMNTS

APRIL 10, 2020

All that is starting to change, especially as more consumers turn to social media to seek support from their insurers, or even air their grievances. “So, We send claim payments through ACH,” Schmitt said. v , said in a recent interview with PYMNTS. Mobile and InsurTech’s future.

Technology 79

Technology Legal Checks B2C 79

PYMNTS

JANUARY 21, 2021

They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Nacha — which governs the Automated Clearing House (ACH) in the U.S. —

Real Time Payments 92

Real Time Payments RTP P2P Faster Payments 92

PYMNTS

DECEMBER 4, 2020

No matter what type of transaction is under discussion, whether it’s B2B or B2C, in the data-driven, post COVID-19 world, the expectations on both sides of every payment are changing. 25% : Share of B2B transactions handled by checks, ACH transfers and cash advances pre-COVID.

B2C 56

B2C ACH B2B On-Demand 56

PYMNTS

OCTOBER 9, 2019

Subscription-based offerings can be key to helping business-to-consumer (B2C) companies establish long-running relationships and lock down more predictable revenue streams. GoCardless will enable American businesses to accept direct debit through ACH rails. The company recently launched a U.S.

B2C 56

B2C Credit Cards Cross-Border Payments 56

PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. 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. A Payments Culture Shift.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

JULY 10, 2020

Thanks to a lowered barrier to access banking services, more legal cannabis companies — often small businesses — are able to accept digital payments from their consumers, a shift that Muller noted is encouraging the owners of these companies to expand into their B2B operations as well. But current legacy rails can make this difficult.

B2B 84

B2B Innovation Payments Non-Bank 84

PYMNTS

JUNE 18, 2019

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. to fully embrace real-time payments for both B2B and B2C activity.”. Where We Stand In The US. RTP And RFP.

RTP 78

RTP P2P B2B RFP 78

PYMNTS

DECEMBER 3, 2020

“The immediacy of lockdown earlier this year created an inability to create and process payments for receivables,” said Wood, who added that “pre-COVID, 25 percent of business transactions were checks, ACH transfers and even cash advances.”. As a result, he said, many firms pivoted quickly toward card payments. The Issuers .

Mobile Payments 85

Mobile Payments Online and Mobile Banking Payments Issuers 85

PYMNTS

JANUARY 8, 2020

However, mom-and-pop shops and small kiosks selling to consumers aren’t the only kinds of companies in need of mobile payment-acceptance technology. These companies have additional requirements in their payment and accounts receivable operations that cannot be met by traditional mPOS technologies designed for B2C payments.

B2B 56

B2B Mobile Payments B2C Payments 56

PYMNTS

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. “That’s the difficult part.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

NOVEMBER 7, 2016

Such disruption and transformation can transcend use cases, said the executive, across B2B, B2C and P2P transactions. It may be that the consumer-facing interaction has been altered most visibly, said Galarza.“The Thus, added Galarza, there remains a ”huge opportunity” to transform the B2B space via technology.

P2P 78

P2P Zelle B2C Venmo 78

PYMNTS

NOVEMBER 3, 2020

But it's not only consumers driving demand for real time. FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. B2B Drives ACH Volume Up.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

AUGUST 10, 2016

It’s already happening, said Clayton Moore, CEO and cofounder of NetCents, especially when it comes to ACH payments. Right now, they’re taking three to five days in clearing,” he said of ACH payments. NetCents isn’t the only company anticipating disruption to ACH payments by blockchain technology.

ACH 49

ACH Cross-Border Payments Blockchain Cross-Border 49

Fintech Labs Insights

MAY 13, 2015

The ACH-based payments company is introducing two new innovations: Knox Assured and Knox Verified. Knox Payments is a payments and security service that allows merchants to conduct ACH payments. The post ACH-based Payments Innovator Knox Payments Presents Knox Asssured and Knox Verified appeared first on Finovate.

ACH 23

ACH Innovation B2C Payments 23

PYMNTS

MAY 15, 2019

Earthport offers cross-border payment services to banks, money transfer service providers and other businesses through the largest independent ACH network. Low-value payments, marked by high velocity, he continued, are typically P2P remittance, B2C disbursements and payroll, where ticket sizes are $50,000 and below. “If

Cross-Border 74

Cross-Border Cross-Border Payments Credential Wire Transfer 74

PYMNTS

DECEMBER 18, 2020

If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) or enterprises ( B2B ). The value lies in offering payments anywhere, anytime, across a range of B2C and increasingly B2B use cases.

Economy 67

Economy API Payment APIs and Integration B2C 67

PYMNTS

JULY 16, 2020

The evolution of B2B eCommerce has historically been driven by the effort to bring a consumer-like experience a-la-Amazon into the corporate procurement world. Yet using the consumer eCommerce framework as the launchpad for digitizing B2B trade isn’t always going to suit enterprise needs. It’s not an unfounded strategy.

B2B 59

B2B B2C Checks Payments Strategy 59

PYMNTS

NOVEMBER 7, 2019

The subscription economy is often considered a consumer-facing ecosystem. As the Tracker explores, supporting recurring payment capabilities continues to meet new hurdles as service providers expand their customer bases cross-border and into emerging markets — with many of these challenges applicable to both B2B and B2C subscription services.

Cross-Border 40

Cross-Border B2B B2C Payments 40

PYMNTS

APRIL 16, 2019

The most familiar change, though, is tied to the consumer (through their acceptance or denial of requests to share and use data). If you look outside B2B or B2C, or consumer P2P, they are needed just about anywhere,” he said of APIs. at the beginning of last year, but APIs have their place in upending banking in the U.S.

API 71

API P2P B2B Payment APIs and Integration 71

PYMNTS

FEBRUARY 22, 2017

As a company that works primarily with other financial institutions to offer solutions for their own customers, both consumer and corporate, Fiserv has a wide reach in the FinServ space. This year, Fiserv is nominated for yet another PYMNTS Innovation Project award, this time for the NACHA Best Innovation in ACH Award.

NACHA 51

NACHA Same Day ACH ACH Innovation 51

PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B 55

B2B Innovation Same Day ACH NACHA 55

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. Manual payment generation is both time-consuming and demanding, tying up personnel who could instead be focusing on other tasks. Manual processing challenges.

Process 61

Process Innovation Same Day ACH B2B 61

PYMNTS

JUNE 2, 2020

Many consumers have since lost their jobs, and healthcare providers have seen declining incomes as elective procedures, which are normally revenue drivers, have been delayed or canceled to prevent the virus’s spread. They can also threaten healthcare providers’ bottom lines and consumers’ financial securities.

Real Time Payments 52

Real Time Payments Debit Card B2C Checks 52

PYMNTS

DECEMBER 30, 2020

Yes, many organizations shifted the needle away from the paper check toward ePayment tools like commercial cards and ACH as a result of necessity. While consumer payments innovation today is largely driven by speed, in the world of B2B payments, a more intricate mix of deliberately timed workflows is emerging. It's All About Timing.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

OCTOBER 14, 2019

The emergence of online shopping and eCommerce inevitably seeped into the B2B world, leading to rising demand for corporates to make purchases online the same way they do as consumers. But for the vast majority of corporates’ online shopping needs, consumer-centric platforms don’t cut it.

B2B 56

B2B Payment APIs and Integration API B2C 56

PYMNTS

MAY 6, 2019

In a P2P situation, a Venmo user can send money to a friend’s account, while a B2C transaction might involve a restaurant pushing payments to disburse wages to waitstaff, placing the funds directly onto employees’ prepaid debit cards or into their bank accounts. B2C push payments can deliver quick funds to consumers.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance.

Faster Payments 40

Faster Payments Same Day ACH Real Time Payments Treasury 40

PYMNTS

OCTOBER 31, 2019

Billing and payments are processes that touch the financial lives of every consumer and business. With FinTech innovation yielding more choices than ever for both billers and payers, cost often emerges as the key driver behind what solutions users adopt — both in the business-to-consumer (B2C) and business-to-business (B2B) context.

B2B 41

B2B Transactions Payer B2C 41

PYMNTS

NOVEMBER 6, 2019

Recurring payments and commerce are taking the world by storm as businesses seek to expand their global operations, and consumers of all types get more comfortable with online subscriptions. Businesses are moving toward these forms, partly because of consumer preference and partly because of cloud technology.”.

B2C 40

B2C B2B Cross-Border ACH 40

PYMNTS

JUNE 18, 2019

to fully embrace real-time payments for both B2B and B2C activity,” Bottomline Technologies Vice President of Product Management and Strategic Solutions Jessica Cheney told PYMNTS in a recent interview , pointing to the previous rollout of Same-Day ACH and an acceleration of FinTech innovation in the country.

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47

PYMNTS

MAY 4, 2018

But the industry of corporate-initiated payments – whether that’s business-to-consumer, business-to-business or business-to-employee – has created a landscape of fragmented, niche players, according to Juli Spottiswood, CEO of Syncapay. “B2B payments innovation seems to fall behind B2C and P2P,” she said.

Same Day ACH 46

Same Day ACH P2P B2B Cross-Border 46