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Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

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.

AFP 51
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Business Email Scams Spin Even Wider Webs

PYMNTS

The problem is getting worse, according to the Association for Financial Professionals’ (AFP) latest Payments Fraud and Control Survey Report. According to the AFP, an attacker will target the payment rail that is most commonly used by the victim to pay suppliers, thus, limiting suspicions.

Scams 55
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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
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Supplier Acceptance An Unavoidable Hurdle In vCard Adoption

PYMNTS

.” In today’s climate of heightened cyberattack and data breach fears, commercial cards can be particularly susceptible to targeted attacks, due to their association with credit lines that are often higher than consumer cards.

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Speed Finds Opportunity In B2B Payments Beyond Accounts Payable

PYMNTS

However, the AFP’s survey did not uncover specific opportunities corporate treasurers expect from adopting faster payment solutions — with researchers also warning that check use remains prominent and that while treasures may be interested in payments innovations like real-time payments, it doesn’t necessarily mean they’ll adopt them.

B2B 43