PYMNTS

AUGUST 21, 2019

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions.

Commercial Card 58

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

PYMNTS

SEPTEMBER 2, 2019

Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. When they need to move money same-day or next-day, their minds go straight to wire.”.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

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 Wires 82

PYMNTS

AUGUST 11, 2020

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. Now, as Visa and Billtrust move to scale the solution , they’re doubling down on the concept of network connectivity.

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B2B Payments Wires Wire 110

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

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

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

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

JULY 25, 2018

While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer. While 54 percent of those scams involved wire transfers, more than a third targeted check payments. ” Payroll is another popular target for fraudsters.

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Scams Business Email Compromise AFP Wire Transfer 55

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 Wires 52

PYMNTS

AUGUST 30, 2017

American Express is continuing its ongoing efforts to encourage businesses to pay suppliers with commercial cards in its latest accounts payable partnership. The credit card firm announced Tuesday (Aug.

Accounts 43

Accounts Commercial Card B2B Wires 43

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. But we’ve focused on finding new areas of spend for buyers to utilize their cards,” Leavitt noted. But in an interview with Karen Webster, Dean M.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

JANUARY 19, 2017

A recent study by Receivable Savvy found that 63 percent of suppliers prefer to be paid electronically, though not necessarily via commercial card. Indeed, Nvoicepay’s Friede is a fan of commercial cards and of the virtual card in particular. Obviously, cards are more expensive to accept than ACH.

B2B 46

B2B Commercial Card Payments ACH 46

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. ACH payments take up to three days to process and cost around 1% of the transaction with a $10 cap.

B2B 88

B2B Process B2C Credit Cards 88

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 17, 2017

OnPay Connect enables customers to outsource supplier payments using virtual card, ACH, wire or paper check technologies. For Nivo1 customers, this partnership enhances the invoice automation process that you get with AP Express by adding payment automation,” explained Nivo1 CEO David Busch in a statement.

Technology 40

Technology Commercial Card Wire Wires 40

PYMNTS

AUGUST 12, 2020

based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools. Speaking with PYMNTS, Managing Director of North America Kieran Draper said employee expense management and contractor payouts have become a valuable niche for the corporate prepaid card. ”

B2B 67

B2B Push-to-Card Direct Deposit Payments 67

PYMNTS

OCTOBER 21, 2019

The solution supports commercial card, wire, and ACH payment rails, or can also initiate supply chain financing for invoice payments. Bank of America will initiate payments based on that analysis, using its Bank of America Merrill’s Card, Payments, Supply Chain Finance and FX Payments offerings.

Commercial Card 40

Commercial Card Treasury Payments ACH 40

PYMNTS

SEPTEMBER 12, 2019

Only a day earlier, payment processing giant Stripe announced an expansion of its corporate payment offerings with the launch of a commercial card product in yet another effort by an industry stakeholder to encourage businesses to shift away from paper. Check and ACH transactions have been around for a long time for a reason.

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AFP Checks ISO 20022 Cross-Border 51

PYMNTS

DECEMBER 30, 2019

Commercial card technology was a particularly bright spot of 2019, with industry giants including Visa, Mastercard and JPMorgan embracing the ability for commercial and virtual cards to step into the accounts payable department. Below, PYMNTS explores the biggest B2B payments stories of 2019. Beyond Legacy Payment Rails.

Innovation 42

Innovation Cross-Border Commercial Card B2B 42

PYMNTS

OCTOBER 23, 2019

Below, PYMNTS looks at the latest solutions that take one of those two paths as innovators address friction in checks, ACH and other rails. It’s both a show of support for a new rail like RTP, as well as for the strategy to improve upon legacy rails like ACH. s first new payment rail since ACH launched in 1974.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

MAY 5, 2016

On Wednesday (May 4), the firm announced a deal with electronic payments and commercial card company CSI globalVCard to streamline global payments for AP executives. The solution supports payments sent via ACH, wire transfer, check or virtual card, the companies said, and can function across more than 140 currencies.

Global Payments 40

Global Payments Cross-Border Payments Cross-Border Wire Transfer 40

PYMNTS

MAY 4, 2016

That can mean fraudulent payments made using a business credit card, a compromise of payroll systems or unauthorized ACH and wire transfers. According to researchers, small businesses lost an average of more than $12,000 in 2015 due to back-office fraud. Collectively, analysts said the financial impact amounted to $3.1

Security 41

Security Wire Transfer Small Business Wire 41

PYMNTS

SEPTEMBER 17, 2019

“If you look at checks, ACH, wires or card-based payments, we in the industry were heavily focused on delivering solutions for the buy-side, which I think is critical,” Phalen explained. But just as importantly, we have to solve for the supply-side as well.”. Rethinking the Infrastructure.

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B2B Innovation Payer Cross-Border 52

PYMNTS

OCTOBER 22, 2019

The bank’s Accounts Payable Optimization tool will automatically analyze which payment method is most appropriate for which supplier, and it can integrate its existing commercial card, supply chain finance and FX payments offerings. Bill.com Multitasks for the Middle Market.

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Payer B2B Commercial Card Faster Payments 40

PYMNTS

FEBRUARY 14, 2018

Beyond the stereotype of the piña colada on the beach and tropical climates, the Caribbean beckons as a hot spot for B2B payments through virtual commercial cards. Many of the suppliers who engage Boost Payment Solutions might receive thousands of email-based virtual card payment requests per month that clog up their AR systems. “If

B2B 40

B2B Visa Commercial Card Payment Solutions 40

PYMNTS

DECEMBER 16, 2016

But a larger issue in bringing cards to middle-market firms as a product lies with the fact that many of these firms simply do not understand them, as it is a process. These are not people who may fully understand the benefits of a commercial card process,” Krishna said. True or false: All card programs are created equal.

Automation 61

Automation Payment APIs and Integration Process Checks 61

PYMNTS

OCTOBER 20, 2020

Panelists included Jay Dearborn, president at WEX Corporate Payments; Greg Bloh, CEO at Transcard; Muhammad Chbib, CEO at Tradeling; Simon Barker, CEO at Conferma Pay; and Brad Garfield, head of product for commercial cards and comprehensive payables in global transaction services at Bank of America.

B2B 104

B2B Online and Mobile Banking Payments Treasury 104

PYMNTS

DECEMBER 4, 2017

Leavitt, founder and CEO of Boost, told PYMNTS the firm is out to set (and be) the standard for B2B payments, encouraging the migration away from outdated methods like paper checks , wires and traditional ACH transfers. It could be one of those elements that adds value; it could be all four; it is often a combination,” he told PYMNTS.

B2B 40

B2B ACH Credit Cards Payments 40