PYMNTS

OCTOBER 22, 2020

A perfect storm of market shifts catalyzed by the global pandemic has forever changed the B2B payments landscape. Billtrust CEO and Founder Flint Lane highlighted three shifts in particular that are igniting major change in the industry: first, the accelerated digitization of accounts receivable (AR) and accounts payable (AP).

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B2B Lockbox Remittance Data ACH 89

PYMNTS

OCTOBER 29, 2020

Much innovation in B2B has been focused on getting rid of paper checks. But as Barry McCarthy , president and CEO of Deluxe , said in an interview with Karen Webster as part of the ongoing series on B2B payments, it’s going to take a while. After all, $20 trillion in paper payments is a lot to get rid of overnight.

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Checks B2B Payments Lockbox 78

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.

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Lockbox Reconciliation Checks Automation 80

PYMNTS

JANUARY 22, 2021

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. Well before the pandemic hit, however, the healthcare arena began to embrace the opportunities of digitization — at least, on the patient-facing end of operations.

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Lockbox B2B Checks Volume 74

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.

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B2B Acquirers Lockbox Payments 52

Paystand

JUNE 13, 2024

Despite the rise of digital payments , paper checks are still widely used in B2B transactions. While digital payment methods have gained popularity, paper checks still hold a strong position in specific industries and financial scenarios.

Checks 52

Checks B2B Transactions Digital Payments 52

PYMNTS

DECEMBER 11, 2020

The days of managing partners buying into the physical lockbox, counting checks and trying to deposit them are waning," he said. "We We have some clients that have doubled their digital payments over the last six months, but even then, it's gone from 10 percent to 20 percent of payments being electronic.

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Accounts Lockbox Automation Checks 89