Fintech Finance

OCTOBER 2, 2024

Bank of America , a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA with the launch of Virtual Payables Direct. This comes at a time when the global B2B payments market is growing rapidly and is projected to reach over US$2.4 trillion by 20312.

B2B 94

B2B Commercial Card Payment Solutions Global Payments 94

PYMNTS

SEPTEMBER 22, 2020

For small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren't in the cards. With the pandemic accelerating businesses' digital shift , small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution.

B2B 94

B2B Commercial Card Credit Cards Addressing 94

PYMNTS

FEBRUARY 27, 2019

Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban. However, missing from much of this regulatory debate is the issue of interchange fees on commercial cards. ” The Commercial Card Debate.

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Commercial Card Caps Regulations Card Issuer 70

PYMNTS

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. Amadeus B2B Wallet Expands Functionality. BNP Paribas Adds Virtual Cards To Coupa.

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Commercial Card Returns Debit Card Reconciliation 67

PYMNTS

FEBRUARY 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Below, PYMNTS takes a look at the latest in commercial card innovation.

Commercial Card 60

Commercial Card B2B Small Business Mitigation 60

PYMNTS

NOVEMBER 9, 2020

But companies large and small are still making purchases, and with the pandemic fueling the need for contactless payments, commercial card technology adoption is on the rise. With commercial card adoption growing even before the pandemic, an increasing number of T&E technology firms began to step into the world of card issuing.

Commercial Card 81

Commercial Card Contactless Payments Issuers Card Issuer 81

PYMNTS

APRIL 13, 2020

Mark Aquilina was named the senior vice president of product and strategy of corporate payment solutions and will be in charge of product strategy and management for front-end applications and cloud-native processors. Bank and was in charge of fleet card programs. “As He also previously worked at U.S.

B2B 95

B2B Payments Commercial Card Processors 95

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. The Coexistence Of Rails. Often, that means the cooperation of multiple rails at once.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

SEPTEMBER 14, 2020

"The Amazon experience" is now a worn-out catchphrase in the world of B2B eCommerce. But B2B eCommerce is not the same beast as B2C. The core difference between B2B and B2C is that in B2B, the individual researching and buying has a job to do,” King said. They didn't want to be there, necessarily — they have to be there.

B2B 107

B2B B2C Checks Commercial Card 107

PYMNTS

NOVEMBER 27, 2020

As B2B eCommerce accelerates its technological innovation, and as adoption grows, it continues to look toward the world of B2C to implement optimized end-user experiences – for both the buyer and the seller. Extending trade credit directly at the point of sale is a major opportunity for B2B sellers to similarly drive up sales.

B2B 104

B2B Point-of-Sale (POS) B2C Due Diligence 104

PYMNTS

AUGUST 21, 2019

International B2B payments are in the crosshairs of many a firm eager to seize the opportunity to move the trillions of dollars that cross borders away from checks. The company said earlier in 2019 that last year, it increased the commercial card volume it processed globally by 70 percent.

Commercial Card 58

Commercial Card B2B Cross-Border Push-to-Card 58

PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Commercial Card 53

Commercial Card Card Issuer Issuers B2B 53

PYMNTS

DECEMBER 2, 2020

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other. Aquilina said that’s partly because historically, B2B payments innovation efforts — especially via FinTechs — have focused on buyers. Change Is In The Air .

B2B 79

B2B Innovation Commercial Card Push-to-Card 79

PYMNTS

MAY 13, 2020

EedenBull , a Norwegian FinTech, has rolled out its new commercial card platform to banks to take advantage of better B2B payment capabilities, according to a press release. At EedenBull, we uniquely combine specialist commercial payments expertise with tech savvy talent, making us the ideal partner to banks going forward.”.

Commercial Card 58

Commercial Card B2B Legal Small Business 58

PYMNTS

JULY 9, 2020

With commercial credit cards historically viewed as a payment vehicle for businesses to make one-off purchases for the office or while on a business trip, the small business credit card has yet to catch up to adoption volumes seen by other payment methods like direct bank transfers in the B2B payments space.

Commercial Card 56

Commercial Card Small Business Credit Cards Push-to-Card 56

PYMNTS

JUNE 29, 2020

Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services. Mastercard said as a result of the expanded partnership in Europe, Mastercard will support EedenBull’s commercial cards platform to banks seeking to tap into Asia Pacific’s B2B payments market.

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Visa Commercial Card B2B Legal 99

PYMNTS

JANUARY 8, 2020

There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. A Focus On Transparency.

Commercial Card 52

Commercial Card FTC Federal Trade Commission Small Business 52

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Mastercard Adds B2B Payment Functionality With Commercial Cards.

Commercial Card 52

Commercial Card Innovation Procedures B2B 52

PYMNTS

SEPTEMBER 22, 2020

FinTech professionals from Funding Circle, Funding Options and 11:FS, has emerged from stealth mode as it readies the launch of its card product, which loops into a range of data sources via open banking to more efficiently assess cardholders' creditworthiness. Purdue Federal Credit Union, Payrailz Collaborate.

Use Case 110

Use Case Payment APIs and Integration Credit Union FinTech 110

PYMNTS

SEPTEMBER 23, 2020

Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Yet this week's commercial card innovation tracker finds B2B financial service providers embracing the virtual card for a range of use cases, including fleet, corporate travel, and vendor payments.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For others, like NatWest and Sabre , that means collaborating on corporate card products that augment the end-user experience.

Commercial Card 52

Commercial Card Payroll B2B Small Business 52

PYMNTS

JULY 17, 2020

Several B2B FinTechs topped the list in Q2, however, including commercial card startup Brex, which raised $150 million, as well as global business account service provider Airwallex with $160 million and small business alternative lender Fundbox with a $200 million raise — the largest of the quarter. TradeDepot. Privacy.com.

B2B 90

B2B FinTech Fraud Detection Commercial Card 90

PYMNTS

NOVEMBER 19, 2020

19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. Each card payment is then assigned a virtual number tied to a commercial card account.

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Payments Tools Commercial Card Payments Digital Payments 124

PYMNTS

DECEMBER 30, 2019

And unlike the large commercial enterprise space, the middle market doesn’t often demand immense complexity of products and services. Yet, according to Kris Carrera, general manager and business line executive of Credit Payments at FIS , the middle market is often underserved — particularly when it comes to commercial card products.

Commercial Card 53

Commercial Card Push-to-Card Small Business Addressing 53

PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. ” The Biggest Culprits Of Waste.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

PYMNTS

SEPTEMBER 8, 2020

The global pandemic has, no doubt, changed the B2B payments landscape forever. In Australia, Adrian Floate , managing director of Cirralto , says the COVID-19 crisis has fast-tracked B2B payments modernization. The Commercial Card Catalyst. While in the U.S., While in the U.S., Optimizing The Logistics-Payments Link.

B2B 86

B2B Payments Commercial Card Mitigation 86

PYMNTS

JANUARY 27, 2017

This week, however, venture capitalists in the B2B FinTech space went global, hitting Australia, the U.S., Once again, it was a healthy dose of modest funding rounds for a varied B2B FinTech space, and we break down all of the $45.6 Commercial Cards. France and India. million raised. Lighthouse.io. On Thursday (Jan.

B2B 77

B2B FinTech Credit Union Commercial Card 77

PYMNTS

MARCH 13, 2020

Yet in only the last few months — and even weeks — India’s FinTech startup community has seen a proliferation of commercial card innovation. It’s an interesting phenomenon, especially considering the path to corporate card adoption elsewhere. “All of these expenses require a credit card,” he said.

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Commercial Card Credit Cards Wire Transfer Non-Bank 52

PYMNTS

JANUARY 6, 2021

With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. Commercial Card, Global Commercial Services, Courtney Kelso in a statement.

Commercial Card 102

Commercial Card Small Business B2B Credit Cards 102

PYMNTS

JANUARY 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

B2B 81

B2B Security FinTech Participant 81

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. The firm notched $78.7

B2B 115

B2B Finance Small Business Underwriting 115

PYMNTS

FEBRUARY 3, 2020

Citi Commercial Cards is introducing an intelligent virtual agent (IVA) capability at its U.S. The IVA is an example of the technology investment strategy being employed by Citi Commercial Cards to enhance its digital services. Citi’s Commercial Card cardholders can use their own words and speak in their own voices.

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Commercial Card AI Innovation Technology 53

PYMNTS

SEPTEMBER 11, 2017

Even as B2B payments progresses toward digitization, paper checks stick around. Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. Research from NACHA found accounts receivable professionals expect cards to account for 12.5

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

MARCH 14, 2018

That seems to be the idea among banks both big and small when it comes to APIs , as several players from around the financial services industry recently increased their investment in APIs, rolling out new solutions aimed at making B2B payments more efficient. . Around the B2B API World . BofA Banks on B2B APIs . And in the U.K.,

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API B2B Payments Commercial Card 72

PYMNTS

MARCH 31, 2020

No one payment rail can solve every point of friction in B2B payments. This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. Plastiq Eases Card Rail Friction. Payroll Rails Offer Employee Relief.

B2B 77

B2B Payroll Payments Cross-Border Payments 77

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. But what about in the business-to-business (B2B) sector? Industry data shows that the B2B payments landscape is rather diverse. Learn More What are B2B Payments? Not sure where to start?

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

OCTOBER 24, 2019

Commercial cards remain a small, but growing, part of the B2B payments ecosystem, thanks in part to their versatility. The payments technology firm is targeting high-spending small and medium-sized businesses (SMBs), with Visa B2B offered for everyday business spend, and Infinite Preferred focused on corporate travel spend.

Commercial Card 40

Commercial Card Small Business Credit Limit B2B 40