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

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. But corporate buyers often prefer cards to obtain rewards points.

Commercial Card 43

Commercial Card Card Issuer B2B Issuers 43

PYMNTS

DECEMBER 3, 2020

In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance. Visa To Use Card Rails For Digital Currency B2B Payments.

B2B 88

B2B NACHA Innovation Nacha Operating Rules 88

PYMNTS

AUGUST 21, 2019

International B2B payments are in the crosshairs of many a firm eager to seize the opportunity to move the trillions of dollars that cross borders away from checks. Leavitt noted that the industry’s efforts to replace checks and wire transfers must take into account a traditional pain point for international payments.

Commercial Card 58

Commercial Card B2B Cross-Border Push-to-Card 58

PYMNTS

OCTOBER 5, 2016

Their partnership will create a platform in which Visa’s Payables solutions and card technology integrates into MineralTree’s AP management tool and will be offered to financial institutions so they can support their own corporate clients’ commercial card payment needs.

Accounts 73

Accounts Commercial Card Push-to-Card ACH 73

PYMNTS

SEPTEMBER 5, 2019

Commercial and consumer cards issued in the U.S. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 Consumer card spending was $4.74 Visa ’s commercial card was 43.2 generated $6.13

Commercial Card 75

Commercial Card Cross-Border Visa Issuers 75

PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. The data makes that glaringly clear.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

DECEMBER 12, 2018

In the constant fight against paper, service providers have been tackling the paper check in B2B payments for several years, with minimal success. ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. “Folks do not want to sign up for ACH. .

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

MARCH 22, 2016

The majority of businesses are turning away from advice that is, by now, common sentiment within the industry: Paper checks are slow, expensive and prone to error. Its 2016 Payment Survey concluded that these companies still make 75 percent of their B2B payments with paper checks. Checks retain a stronghold in too many organizations.”.

Checks 40

Checks Commercial Card ACH Electronic Payment Processing 40

PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. In all, more than 3.3

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

AUGUST 10, 2020

The solution was an important step in helping businesses embrace digital B2B payments, particularly when it comes to adoption of virtual and physical commercial cards. adding support for ACH and wire transactions. BPN addressed that pain point with commercial cards as key players like Visa and J.P. On Monday (Aug.

Wire 49

Wire Wires ACH Payment Networks 49

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

OCTOBER 23, 2020

Leavitt , founder and CEO of Boost Payment Systems , told PYMNTS in a recent Masterclass that businesses large and small that have traditionally relied on the manual processes associated with writing checks or wiring funds to pay their suppliers are increasingly using commercial credit cards for payment instead.

Commercial Card 82

Commercial Card Push-to-Card Lockbox Wire 82

PYMNTS

SEPTEMBER 11, 2017

Even as B2B payments progresses toward digitization, paper checks stick around. Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. Research from NACHA found accounts receivable professionals expect cards to account for 12.5

B2B 66

B2B Commercial Card Payments ACH 66

Tearsheet

OCTOBER 2, 2024

Morgan have recently announced a partnership aimed at facilitating the transition from checks to digital payments for major banks in the United States. This collaboration has resulted in the launch of Codat’s new Supplier Enablement API product, designed to increase virtual card usage, with J.P. Codat and J.P.

B2B 59

B2B Checks Payment APIs and Integration Push-to-Card 59

PYMNTS

FEBRUARY 11, 2020

The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.

B2B 89

B2B Same Day ACH NACHA ACH 89

PYMNTS

DECEMBER 29, 2020

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. The pandemic and work-from-home requirements left organizations to act fast when it came to sending or receiving paper checks.

B2B 114

B2B Reconciliation Payments Automation 114

PYMNTS

AUGUST 11, 2020

Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. With the announcement that BPN is expanding to include support for ACH and wire transactions as well as card payments, Visa and Billtrust are casting a wider net of collaborators. But organizations can’t do it alone.

B2B 110

B2B Payments Wire Wires 110

PYMNTS

FEBRUARY 20, 2019

20) that UMB will begin offering Bottomline’s Paymode-X solution, integrated with Visa Payables, for business customers, allowing companies to pay their own suppliers with virtual cards as well as checks and ACH. In a press release sent to PYMNTS, the companies announced Wednesday (Feb.

Commercial Card 53

Commercial Card ACH Enrollments Treasury 53

PYMNTS

APRIL 20, 2016

Card solutions, instead, can be an “intermediary solution” for the supply chain when its players are looking to transition from paper checks to electronic payments. The best way for suppliers to accept payment is ACH , argued the executive. But, I think, ACH will be the destination.”.

Commercial Card 40

Commercial Card ACH Push-to-Card Same Day ACH 40

PYMNTS

DECEMBER 5, 2019

Initially, this came in the form of purchase cards that gave managers the ability to allow their employees to make purchases on behalf of their companies, from office supplies to travel and expense spending. Leavitt says suppliers are indeed more difficult than buyers to convince of commercial cards’ value proposition.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

DECEMBER 2, 2020

Witness the rise of commercial card products and rebates over the past several decades, where Aquilina said “the focus really generated heat around the buyer and the cardholder that was absolutely not matched by banks on the supplier or merchant side.”. Suppliers have been pretty much forced to accept cards.

B2B 79

B2B Innovation Commercial Card Push-to-Card 79

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. Boost Gives Suppliers A Voice In Card Acceptance. CardUp Eases Card Adoption In Asia.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service.

Commercial Card 53

Commercial Card Reconciliation Payments ACH 53

PYMNTS

SEPTEMBER 14, 2020

Today, paper checks continue to be the dominant form of B2B payment. Yet in order to optimize the B2B eCommerce experience, ACH and commercial card transactions need to be accounted for when building the online business shopper experience. The payments experience is part of that.

B2B 107

B2B B2C Checks Commercial Card 107

PYMNTS

APRIL 2, 2020

Other banks and B2B FinTechs, meanwhile, have found additional ways to wield the power of the commercial card this week. PYMNTS rounds up the latest in commercial card innovation below. Comdata Fuel Cards Facilitate Factoring. .” Brex Offers Work-From-Home Rewards.

Commercial Card 65

Commercial Card Small Business Debit Card Credit Cards 65

PYMNTS

NOVEMBER 15, 2019

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner. ” Recognizing Commercial Card Advantages.

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

NOVEMBER 3, 2016

“It’s not only the cost savings of having to print and mail checks and reconciliation pains that go into that existing process,” he said. “Now, clients are actually receiving a revenue share for making a virtual payment — or even with ACH. “I don’t think checks will ever go away.

Payments Data 73

Payments Data Payments Commercial Card Reconciliation 73

PYMNTS

JULY 25, 2018

While 54 percent of those scams involved wire transfers, more than a third targeted check payments. This means that, though ACH payments have developed a reputation of greater security compared with checks, BEC scammers are also committing the scam to request fraudulent ACH transfers, too.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

FEBRUARY 6, 2020

Payments are facilitated using virtual Visa commercial cards, ACH and checks. Paper checks remain the primary method U.S. percent would like to integrate ePayables with virtual cards into their broader B2B operations. It is owned by Signature Bancorporation, Inc., Recent PYMNTS research found that 46.4

Fraud Detection 67

Fraud Detection B2B Treasury Management Commercial Card 67

PYMNTS

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Onyx Rolls Out Virtual Card Tech For Hospitality Sector.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. “But in the cross-border space, it’s a different ball game.”

B2B 65

B2B Commercial Card Cross-Border Cross-Border Payments 65

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. Buyers are being forced to rethink their procurement spend … and perhaps are finally ready to abandon the paper check.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

NOVEMBER 17, 2020

is partnering with Global Healthcare Exchange (GHX) to help healthcare organizations pay suppliers with commercial cards, Boost announced today (Nov. Commercial cards have become an effective cash management solution, especially during the pandemic’s disruptive effects on how organizations choose to pay and hold cash.

Payment Solutions 52

Payment Solutions Commercial Card Payments Wire 52

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. Virtual cards are the true proxy for payment,” he said.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

AUGUST 3, 2017

Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. Maybe you’re not a merchant.”.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

Stax

MARCH 14, 2024

While wire transfers and checks are quite common, the corporate credit card market is projected to have a compound annual growth rate (CAGR) of 7.3% by 2026 , so we’ll likely see more credit card use in the business sector. But what about in the business-to-business (B2B) sector? These are the most common: 1.

B2B 88

B2B Process B2C Credit Cards 88