PYMNTS

OCTOBER 23, 2020

Leavitt said he’s had “phenomenal success” demonstrating the benefits of commercial card use and acceptance by citing the acronym “PARTS,” which stands for “pricing, automation, reporting, timing of payments and security.”. He added that of equal importance to these massive but passive automated payments is data exchange.

Commercial Card 82

Commercial Card Push-to-Card Lockbox Wire 82

PYMNTS

JANUARY 13, 2021

“One of the many challenges faced by companies and corporations is the automation of the processing and application of payments,” he told PYMNTS. All too often, he said, bringing automated payments processes and reconciliation, as well as improved cash collections, are not viewed as offering significant enough returns on investment.

Process 94

Process Accounts AI Lockbox 94

PYMNTS

DECEMBER 27, 2018

For receivables, Berdan noted that larger banks have done well with lockboxes as have smaller banks have with remote deposit capture (RDC). That is, corporates receive wires and credit card payments, and they are seeking to automate them with integrated receivables solutions.

Remote Deposit Capture 63

Remote Deposit Capture RDC Lockbox ACH 63

PYMNTS

APRIL 16, 2020

However, Tipalti Co-founder and CEO Chen Amit said he’s noticed more businesses taking the leap into accounts payable (AP) automation to mitigate the friction that comes with a remote workforce and cash flow pressures. Automate What You Can. Automation is part of the answer to that.”. And with good reason, he noted.

Finance 75

Finance Automation Lockbox Checks 75

Trade Credit & Liquidity Management

JUNE 16, 2025

This requires efficient and effective collection practices, a well-trained staff, and some degree of process automation. Whether payments are by check to your lockbox, business location, an electronic payment, or by credit card, always let them know what is acceptable and where to pay. Tell Them Where and How to Send Payment.

Lockbox 52

Lockbox Addressing Checks Liquidity Management 52

PYMNTS

OCTOBER 19, 2018

This month’s Unattended Retail Tracker charts the latest efforts to bring automation to food shopping, ranging from vending machines to cashier-free stores. . For other food and beverage companies, however, automation is about more than just charging customers for payments. Around The Unattended Retail Space.

Lockbox 62

Lockbox Automation Bots Returns 62

PYMNTS

FEBRUARY 2, 2021

Apollo Bank Adopts CheckAlt Lockbox Technology. The bank recently announced a partnership with CheckAlt to adopt its lockbox technology, allowing corporates to automatically accept, process and reconcile check payments. PNC Acquires Tempus Technologies. The company, which secured the investment from SBI Investment Co.

Lockbox 57

Lockbox FinTech Treasury Management Payment APIs and Integration 57

PYMNTS

FEBRUARY 22, 2017

Horicon Bank will now offer its corporate clients Remote Deposit Capture, online payments, single and recurring ACH payments, mobile payments, credit card payments and lockbox processing solutions powered by FTNI.

Remote Deposit Capture 40

Remote Deposit Capture Online and Mobile Banking Automation Lockbox 40

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. Data’s Favorite Payment Rails.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

JULY 5, 2019

Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. If they are using the bank lockbox, some of the information coming through that channel might not arrive until late in the day or the next day.

B2C 46

B2C Lockbox ACH IRS 46

PYMNTS

DECEMBER 10, 2019

Unlocking the Lockbox. With accounting automation and APIs that work with enterprise resource planning (ERM) and CRM systems, business can speed up the entire process … and get paid. A slew of helpful integrations and purchase controls for role-based access also become possible with this approach.

Payment APIs and Integration 52

Payment APIs and Integration CRM Lockbox Automation 52

PYMNTS

OCTOBER 25, 2019

While treasury management has always been a critical component of bank offerings, most treasury management solutions today are limited to lockbox processing. Those may include automated clearing house (ACH), wire transfers, credit cards and payments through payment portals.

Lockbox 40

Lockbox Treasury Management Wire Transfer Treasury 40

PYMNTS

APRIL 30, 2020

In addition to its new cash application capabilities, accounts receivable technology provider Invoiced recently announced a virtual lockbox solution aimed to address the friction of paper checks.

Innovation 73

Innovation Global Payments Cross-Border ACH 73

PYMNTS

OCTOBER 29, 2020

In order to spur digital payments to make greater inroads, McCarthy noted that automating back-end processes, particularly in accounts receivable (AR), is critical — and so is ubiquity. That software platform today, on an outsourced basis or with people using that software themselves, is processing about $2.8 economy.

Checks 78

Checks B2B Payments C2B 78

PYMNTS

JUNE 24, 2016

A recap of the webinar event is below: Automating Invoice-To-Cash. . Though everyone around them seems to be embracing automation, Jordan explained that AR departments have been stuck. “There’s no reason that this process can’t be automated, and we’ve been successful in doing that. B2B Payment Trends.

Lockbox 43

Lockbox Push-to-Card Automation Credit Cards 43

PYMNTS

JANUARY 30, 2020

This week, Mastercard and Cardlay announced a collaboration that will see Mastercard connecting its network of European issuing banks to Cardlay’s commercial card technology, which unlocks corporate card transaction data for value-added services, including automated expense management and VAT claim processes.

Use Case 64

Use Case Payment APIs and Integration FinTech Payroll 64

Fintech Finance

APRIL 26, 2024

Paystand brings its blockchain-based smart payments platform that helps finance departments speed up time-to-cash, reduce DSO, automate AR, and eliminate transaction fees. Teampay brings the ability to automate AP and corporate expense controls, eliminating inefficiencies.

B2B 52

B2B Acquirers Lockbox Payments 52

PYMNTS

MAY 24, 2016

Manual processes are hard to scale, expensive and can be error-prone, so the answer has to be better systems and automation. EJ: The industry has really evolved to focus heavily on automation and outsourcing finance and A/R functions. EJ: Finding ways to improve efficiencies and build processes that scale.

Lockbox 45

Lockbox Automation Electronic Payment Processing Process 45

Fintech Finance

NOVEMBER 14, 2024

Changes will focus on automation and reducing manual tasks while also improving processing speed and security that will make banking with Santander simpler and more convenient. With an increased focus on mobile banking and investments in treasury products, the Bank will continue to expand its offerings in 2025.

Online and Mobile Banking 52

Online and Mobile Banking Product Cash Management Treasury 52

PYMNTS

JULY 22, 2019

That’s where the doors open for technologies like artificial intelligence (AI) to automate traditionally manual tasks like reconciliation and exceptions management, bringing efficiency in areas of source-to-pay that promotes stronger buyer-supplier relationships, Clark said.

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

JANUARY 29, 2020

Offering solutions that promote workflow automation from sourcing through to payment, reconciliation and accounting is not usually part of an FI’s product roadmap. When it comes to helping corporates manage their supply chains, traditional banks tend to focus on the financing aspect via trade finance, factoring or other such products.

P2P 52

P2P Lockbox Payment Reconciliation Value Added Service 52

PYMNTS

APRIL 1, 2016

The historically fragmented nature of disparate services and payment solutions, ranging from credit cards to ACH to mobile payments to lockbox and remote deposit capture is a driving force in corporate banking clients’ desire for truly integrated receivables solutions.

Remote Deposit Capture 40

Remote Deposit Capture Lockbox Remittance Data Compliance 40

PYMNTS

DECEMBER 5, 2017

The persistence of bank wholesale lockboxes, invented in the 1950s, shows this problem has not been tackled to the same degree as payments between consumers and businesses, Diegelman said. Until that changes, payment and accounts receivable (AR) posting data will continue to be one of the most significant obstacles in automating B2B payments.

Consumer 56

Consumer Same Day ACH C2B B2C 56

Stax

MAY 2, 2024

Direct ACH (Automated Clearing House) withholding – The lender deducts fixed amounts from your business checking account based on an estimated monthly revenue. For example, the higher your sales, the quicker you repay the MCA. This allows you to stick to a structured repayment schedule regardless of the sales.

Credit Cards 88

Credit Cards Small Business Finance Accounts 88

PYMNTS

MAY 7, 2020

According to Reed, Deluxe’s lockbox services process $2 trillion worth of paper check payments every year, and there is no silver bullet to transitioning that volume to electronic payment method all at once. “It really minimizes the disruption.”

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67