Remove ACH Remove Commercial Card Remove NACHA
article thumbnail

Payment Rail Innovators Focus On Cards, Contactless Payments

PYMNTS

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. Boost Payment Solutions is teaming with Visa for commercial payments acceptance, while EE is joining forces with Square to help U.K. Nacha Adopts Eight ACH Payment Updates.

article thumbnail

B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

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
article thumbnail

ACH Offers Middle Ground For Buyers, Suppliers

PYMNTS

According to Moran, one way to approach the conflict is by choosing a strategic payment rail: ACH. ” It’s why Moran considers ACH the best payment rail in B2B payments. But ACH is already a top rail for B2B payments: NACHA released figures earlier this year that found $41.6

ACH 75
article thumbnail

New Payment Rails Take On Real-Time B2B Friction

PYMNTS

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
article thumbnail

How Small Businesses Ride Their Payment Rails

PYMNTS

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.”.

article thumbnail

How To Push For eB2B Payments When Vendors Don’t Want Them

PYMNTS

ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. Indeed, research released from NACHA last year found that suppliers are expecting this, too. “But it’s about how to get the right payment — and sometimes, we know vendors will never take card.”

article thumbnail

Corcentric Joins The B2B Payments Game

PYMNTS

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. Speed, for instance, is a strategic factor.

B2B 65