PYMNTS

OCTOBER 31, 2019

Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. Lockbox Data Headaches. The B2B arena certainly continues to see a high prevalence of paper checks in the U.S. Automating Lockbox Data – And Beyond.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

Fintech Finance

APRIL 26, 2024

Paystand , the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay , an industry-leading spend management software. The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network.

B2B 52

B2B Acquirers Lockbox Payments 52

PYMNTS

NOVEMBER 15, 2019

But shifting priorities among buyers and suppliers have elevated the opportunity for cards to meet changing cash management needs. Further, Leavitt added, the commercial card sits nicely within the B2B market’s demand for data. One hurdle for the rail revolves around data.

B2B 53

B2B Commercial Card Payments ACH 53

PYMNTS

JANUARY 29, 2020

Cichy also pointed to additional bank solutions, like lockbox operation, payment processing and commercial card offerings, into which Palette’s P2P solution is linked, promoting cohesion in banks’ corporate offerings. Historically, opportunities to wield this kind of data have been limited for traditional FIs.

P2P 52

P2P Lockbox Payment Reconciliation Value Added Service 52