PYMNTS

NOVEMBER 17, 2020

Matching the payment mechanism to the project has been a thorn in the side of global procurement since the days of the spice trade. Often, the payment method replacing paper is ACH payments, a substitution Anderson said will be accelerated by RTP. While Mastercard Track BPS's A2A functionality is currently live only in the U.S.,

B2B

PYMNTS

OCTOBER 22, 2020

With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction.

B2B

PYMNTS

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. One way Buettner said the BPDA aims to differentiate itself is by including more information on payment preferences.

B2B

PYMNTS

NOVEMBER 5, 2018

5) announced the launch of the Billtrust Business Payments Network (BPN), an open buyer/supplier payments platform that Billtrust CEO Flint Lane said will do what other B2B payment platforms have struggled to do: put paper checks on the path to extinction by streamlining and digitizing payments between businesses — and doing it at scale.

B2B