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. Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

AUGUST 11, 2020

Indeed, solving some of the biggest AP challenges increasingly requires aa strategic focus not just on the payer, but on the supplier accepting that transaction. 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.

B2B 110

B2B Payments Wire Wires 110

PYMNTS

DECEMBER 11, 2020

In a podcast with PYMNTS, Todd Tracey , executive director at MPX , Deluxe Corporation said online platforms can bring providers and payers together in a way that improves transparency and cash flow — especially when providers are paid for one-off or out of network services. The problem is they just can’t get rid of that check.”.

Payer 67

Payer Checks Push-to-Card Commercial Card 67

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

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. But the hurdle of card adoption persists.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

PYMNTS

MARCH 2, 2016

Commercial Card Acceptance. One of the largest discrepancies between buyers’ and suppliers’ payment preferences is the commercial card. The interchange fees associated with commercial card acceptance might be the biggest deterrent to card acceptance. Faster ACH Onboarding.

Commercial Card 40

Commercial Card ACH Credit Cards Credential 40

PYMNTS

SEPTEMBER 17, 2019

However, the real proof of progress in B2B payments, Phalen said, is in how industry stakeholders — including FIs, FinTechs and corporates — have overhauled how they think about those commercial payments challenges as they move forward to tackle them. Thinking Beyond the Payer. Payment Rails Converging.

B2B 52

B2B Innovation Payer Cross-Border 52

Stax

MARCH 14, 2024

Unlike B2C, where most transactions are simply taken at the point of sale using a credit card, debit card, or mobile payments from digital wallets, the types of payments for B2B companies can differ. ACH payments take up to three days to process and cost around 1% of the transaction with a $10 cap. These are the most common: 1.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

APRIL 21, 2020

“Nobody will take your money unless it’s cash or secured by a bank-to-bank transaction,” he said, adding that for many payers, “cash is still king.” “It’s similar to ACH but it’s not as accessible to everyone. It’s tightly held by the bank.”

B2B 57

B2B Payer Payments Legal Framework 57

PYMNTS

DECEMBER 26, 2019

Solution providers that can offer this choice in payment “will be a critical differentiator” in the year and years ahead, said McCarthy, adding that AR platforms must allow B2B vendors to offer their payers a range of payment choice beyond ACH or checks, with more firms embracing commercial cards, PayPal and other alternative payment technologies.

Accounts 53

Accounts B2B End User Payer 53

PYMNTS

DECEMBER 23, 2019

The government has introduced measures, including a name-and-shame approach to warning suppliers about companies that have a history of paying suppliers late, as well as restrictions on whether late payers can bid on government contracts.

B2B 52

B2B Faster Payments Payments Payer 52

PYMNTS

APRIL 13, 2016

Between legacy tools like paper checks, contemporary solutions like ACH and potential emerging innovations like the blockchain, B2B payments are no longer stuck with their head in the sand when it comes to payments evolution. No solution is exactly the same.”.

Cross-Border 40

Cross-Border Payments B2B ACH 40

PYMNTS

AUGUST 3, 2016

“As government and commercial payers reduce reimbursement levels, many hospitals are seeing their margins shrink,” explained Becker’s Hospital Review in a recap of the event. In 2014, NACHA revealed that it initiated collaborations with health care companies to help the industry adopt ACH payments. Former U.S.

Checks 40

Checks B2B NACHA Treasury Management 40

PYMNTS

JULY 21, 2020

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. OnPay Talks V-Card Adoption. Boost Enables STP For Corporate Cards.

Commercial Card 70

Commercial Card B2B Payer Process 70