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Mastercard Introduces New Global Tools for B2B Payment Automation

Fintech News

Mastercard is expanding its B2B payments offering with the global launch of Mastercard Receivables Manager and the introduction of Commercial Direct Payments, both aimed at improving virtual card acceptance and supplier reconciliation. suppliers cite manual processing and reconciliation as key challenges in accepting virtual cards.

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Modulr Acquires Accounts Payable Automation Disruptor Nook

Fintech Finance

Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. This strategic move strengthens our offerings in invoice management and accounts payable automation, while giving Nook’s customers full access to Modulr’s extensive payments capability.”

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What is Reconciliation in Payments

Clearly Payments

In payments and finance, one of the most important activities that businesses perform is reconciliation. While it may sound like a complex term, reconciliation is simply the process of making sure that two sets of financial records match. What is Reconciliation? At its core, reconciliation is a comparison process.

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FV Bank Rolls Out Virtual Account Identifiers to Automate Payment Attribution

The Fintech Times

The new tool enables businesses to assign unique account numbers to individual clients or counterparties, automating reconciliation and reducing manual errors. ” The post FV Bank Rolls Out Virtual Account Identifiers to Automate Payment Attribution appeared first on The Fintech Times. .

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Blink Payment Enters B2B Fashion Payments with Zedonk Partnership

Fintech Finance

Bank transfer also typically results in a cumbersome manual payment reconciliation process for brands: according to PwC, on average 30% of a finance team’s time is spent on manual reconciliation, with error rates between 0.8% Ease of payment significantly increases the likelihood of payment, so our next step was clear.

B2B
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BSP Streamlines Reconciliation Process With SmartStream

Fintech Finance

In a move to enhance operational efficiency, BSP has embraced BSP reconciliation automation through its partnership with SmartStream. This implementation marks a major milestone in BSP reconciliation automation, allowing the bank to improve accuracy and reduce manual intervention.

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Why virtual cards are essential to modern merchant payments

The Payments Association

That’s because merchants using virtual cards reduce reconciliation time, cut fraud exposure, and gain better visibility across spend categories. Virtual cards simplify supplier payments and speed up reconciliation Virtual cards aren’t just for T&E; they’re powering global B2B payments too.