Fintech News

APRIL 21, 2024

Payments giant Mastercard has launched a new mobile app that allows virtual commercial cards to be added directly to digital wallets, enhancing contactless payment solutions for businesses. This is particularly beneficial for employees and contractors who previously had to rely on personal cards or cash for business expenses.

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Visa Reconciliation Contactless Payments Commercial Card 113

Fintech Finance

FEBRUARY 18, 2025

With the launch of these dedicated solutions, Mastercard aims to address the longstanding barriers that have blocked midsize companies from accessing bespoke tools fit for their sophisticated needs. The post Mastercard Launches New Product Innovation to Address Unmet Needs of the Middle Market appeared first on FF News | Fintech Finance.

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PYMNTS

DECEMBER 29, 2020

But even if a business is sending ACH or accepting commercial card transactions, the processes and workflows associated with a B2B transaction remain complex, and they often cannot be remedied solely by adopting electronic payment methods.

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B2B Reconciliation Payments Email Compromise 114

PYMNTS

DECEMBER 2, 2020

Addressing The Chokepoints . 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.”.

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B2B Innovation Commercial Card Push-to-Card 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.

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Commercial Card Reconciliation Payments ACH 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.”

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B2B Commercial Card Cross-Border Cross-Border Payments 65

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

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Commercial Card Risk Push-to-Card Reconciliation 47

PYMNTS

AUGUST 11, 2020

As the network explores how to tackle even more friction in B2B payments, Billtrust and Visa will also be exploring how to augment the solution to address key challenges like data integration to automatically support custom payment terms or reconciliation processes.

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PYMNTS

OCTOBER 2, 2019

It’s a shift that may have risen out of the B2B payments industry’s commercial card conundrum. Today, emerging accounts payable (AP) solutions that wield payment tools, including commercial cards and more, are beginning to design solutions with the vendor in mind. Discover Targets Reconciliation Data.

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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.

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B2B Commercial Card Payments ACH 53

PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. In an announcement on Tuesday (Oct. Partnerships & New Initiatives, Visa Business Solutions.

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PYMNTS

JUNE 26, 2019

Its work with PayPal sees Coupa enabling companies to make payments via PayPal within Coupa Pay , part of the firm’s efforts to expand payment options and to address the “diverse set of payment needs” that both buyers and suppliers have, according to Coupa Senior Vice President of Business Acceleration Ravi Thakur.

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PayPal B2B Cross-Border Payments Cross-Border 43

PYMNTS

JUNE 26, 2019

Its work with PayPal sees Coupa enabling companies to make payments via PayPal within Coupa Pay , part of the firm’s efforts to expand payment options and to address the “diverse set of payment needs” that both buyers and suppliers have, according to Coupa Senior Vice President of Business Acceleration Ravi Thakur.

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PayPal B2B Cross-Border Payments Cross-Border 43

PYMNTS

JUNE 1, 2016

MasterCard is eyeing Asia to expand its commercial card services, and in its most recent effort to do so has partnered with CIMB Bank in Malaysia. The card is linked to automated, real-time spend data, the bank explained. The solution captures data in real-time as well, reports said, which is later used for spend analysis.

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PYMNTS

AUGUST 15, 2018

The tool supports ACH and commercial card payments. Last year, Billtrust and KeyBank also linked up to provide corporates with the KeyTotal AR platform, aimed at addressing friction in the cash flow management process by accelerating businesses’ invoice payments and supporting their cash application strategies.

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PYMNTS

DECEMBER 20, 2018

As financial services companies scramble to push one payment alternative over the others in pursuit of B2B payments digitization , Clark explained that a better strategy would be to introduce flexibility into the transaction process to address the range of needs and challenges for suppliers and buyers alike.

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PYMNTS

FEBRUARY 5, 2018

According to Allstar , the company wants to address friction in that process by streamlining the expense management and reconciliation process. Visa fleet cards used automatically send fleet managers an invoice, while those managers can also place controls on fleet cards to better manage driver spend.

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PYMNTS

OCTOBER 22, 2019

Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. The solution supports invoice payments via wire, ACH, commercial card or supply chain financing, allowing a single file upload for all treasury payables.

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Fintech Finance

FEBRUARY 7, 2024

I’m very proud of the great collaboration between our Sabre Virtual Payments team and Revolut, especially when it comes to implementation times, addressing operational efficiency and cross-border B2B payments needs for our customers,” said Celia Pereiro, Managing Director of Payments at Sabre.

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Tearsheet

OCTOBER 2, 2024

This persistence of traditional methods, even with established options like ACH and the growing adoption of virtual cards, indicates both challenges and opportunities in the modernization of B2B financial operations. Change isn’t easy and shifting to digital payments methods, like virtual card, is no exception.

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PYMNTS

NOVEMBER 22, 2016

Other FinTech companies, like Indian commercial card firm Happay , say the shift away from cash means SMEs are now seeking card and electronic payment solutions to manage their processes like payroll and expense management. Indeed, these are issues facing companies of all sizes across all markets today.

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B2B Mobile Payments B2C Payroll 65

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. Bank, MYOB and others. Cross Border’s Enticing Complexities.

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PYMNTS

JULY 16, 2020

. “By integrating the payments and eCommerce with the ERP, it’s going to allow businesses to effectively drive online revenues as well as improve payment processing and time of payment,” said George, adding that Aptean supports real-time invoice and payments reconciliation as a result of that ERP connectivity.

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B2B B2C Checks Payment Reconciliation 59

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Similarly, Asia and Latin America are set to see a 13.2

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PYMNTS

AUGUST 14, 2018

One of the hottest areas of B2B FinTech today is corporate travel and expense (T&E) management, with innovators looking to address the friction associated with expense reports and reimbursements. The research suggests that employers face more challenges than the expense management, reimbursement and reconciliation process.

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PYMNTS

SEPTEMBER 23, 2019

While there may be some debate over ISO 20022’s compatibility with APIs, as PYMNTS’ August 2019 Faster Payments Tracker notes, the standard can enable banks to offer faster, more transparent global payment services to corporate clients — while also connecting them with essential transaction data for reconciliation and analysis purposes.

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B2B ISO 20022 Payment APIs and Integration ISOs 49

Stax

MARCH 14, 2024

While traditional B2B payment methods like wire transfers and checks remain common, the corporate credit card market is projected to grow at a CAGR of 7.3% Choosing a B2B payment system crucial to addressing common challenges that B2B payment systems face as well as improving client experience. Learn More What are B2B Payments?

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PYMNTS

DECEMBER 8, 2017

Talk is growing of the potential for virtual card technology to address several key points of friction in business payments, especially in corporate travel. But as the virtual card hype builds, some shortcomings have surfaced too. Overall, virtual cards — indeed, commercial cards as a whole — still face adoption barriers.

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PYMNTS

NOVEMBER 21, 2017

The honest answer is there isn’t a single payment method that can solve all issues for businesses or address all of their concerns. Many of these hurdles, researchers noted, can be attributed to the fact that SMBs use an array of payment methods, often complicating payment tracking and reconciliation.

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PYMNTS

JANUARY 20, 2017

From small to large corporates and even governments, the need for liquidity, data, better control and better and more efficient processes in commercial payments remains the same. “There’s a lot of jargon and words thrown out as it relates to commercial payments, but it really isn’t rocket science,” Mehra noted.

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Visa Innovation Push-to-Card Payments 44

PYMNTS

AUGUST 30, 2018

Lately, service providers have been turning to the virtual card to address needs for electronic payment. There are barriers to accessing a virtual card payment program, however — particularly for businesses that aren’t using a Travel Management Company. corporate travel buyers don’t rely on single-use virtual cards.

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Fintech Finance

MARCH 4, 2025

At ITB Berlin, SUNRATE showcased how its commercial cards – trusted by partners like Atlas – are transforming travel payments for the industry. SUNRATEs virtual and physical commercial cards enable customers to settle card spends in more than 15 currencies.

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