Payments Dive

AUGUST 2, 2022

American Express cited data indicating nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending over the next six months.

Payments Tools

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. The shift to digital payments has been gaining momentum.

B2B

PYMNTS

NOVEMBER 19, 2020

Wells Fargo is beefing up its digital payments arsenal with a new service aimed at business customers. 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.

Payments Tools

PYMNTS

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. Frustrations surrounding payment speed are not new, especially in the realm of consumer payments.

Real Time Payments

PYMNTS

DECEMBER 15, 2020

Frictions like these are pushing more businesses to rethink their legacy approaches to business-to-business (B2B) payments and adopting various digital options for sending money. How Virtual Card Help Healthcare Claims Processors Manage Payments. This could create high demand for change. Get the scoop in the Report.

B2B

PYMNTS

NOVEMBER 2, 2020

To remove the frictions inherent in B2B transactions, there will be no one rail to rule them all to connect corporates as they transact. The conversation marked the capstone of a month-long series of panels and individual interviews with a range of companies as part of PYMNTS’ deep dive into the state — and future — of B2B.

B2B

PYMNTS

JANUARY 7, 2021

There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. Marrying Payments With Data.

Cross-Border

PYMNTS

JULY 10, 2020

Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions. To solve for this, AeroPay recently launched its cannabis-targeting payments solution designed for both B2C and B2B payments.

B2B

PYMNTS

AUGUST 11, 2020

Convoy , which works in digital freight, announced a new service called Convoy Factoring, which is powered by Apex Capital and touted as a cost-efficient, quick payment method for B2B needs for freight carriers, according to a press release. The rate will be for zero percent for any Convoy loads and 1 percent to 2.99

Payments Tools

PYMNTS

JULY 31, 2019

American Express has announced that it plans to acquire acompay, a digital payment automation platform, from ACOM Solutions. Our customers are increasingly looking for turn-key, automated solutions to pay their suppliers,” added Marrs.

Automation

PYMNTS

NOVEMBER 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Wells Fargo Debuts Digital Supplier Payment Tool. Wells Fargo Debuts Digital Supplier Payment Tool.

Commercial Card

PYMNTS

OCTOBER 21, 2020

In that partnership, Finexio can provide electronic payment capabilities to the buyers and suppliers connected by Billtrust's network. The partnership lent Finexio's tech to help eliminate manual payments as the world moves more into digital payment methods.

Payments Tools

PYMNTS

MAY 3, 2018

Its name is Hermyz. Its mission, which just won the official admiration of Visa , is to move small businesses away from checks and paper receipts by migrating invoice management online. Hermyz took the grand prize and the $10,000 that came with it at last weekend’s Small Business Hackathon, an inaugural event that took place in Washington, D.C.,

Small Business

PYMNTS

NOVEMBER 25, 2020

The COVID-19 pandemic is inspiring many businesses to accelerate their shifts to digital transaction methods as workforces operate remotely from home, and many are finding that doing so is helping them overcome traditional business-to-business (B2B) payment frictions. Around The B2B Payments World.

API

PYMNTS

JUNE 8, 2020

Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. “Payments-led lending is the new growth mantra for us.

B2B

Fintech Finance

OCTOBER 2, 2024

As part of its ongoing investment in its B2B network and in enhancing buyer and supplier capabilities, American Express has announced a new offering by Boost Payment Solutions , a global leader in payments, to provide commercial virtual Card processing services to U.S. merchants who accept American.

Payment Solutions

PYMNTS

APRIL 28, 2020

Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer. Around The B2B Payments World. COVID-19 is pressuring businesses that may be running out of time, however.

Checks

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Autumn: What’s Ahead.

Commercial Card

PYMNTS

MAY 25, 2018

Comdata, the payment services arm of FLEETCOR , on Thursday (May 24) announced that businesses within the trucking industry can now register for Comchek Mobile. Comchek Mobile launched in 2017 and serves to digitize “Comdata’s paper Comchek and Express Code payment offering,” the company said.

Payments Tools

PYMNTS

MAY 17, 2017

Spend management company Coupa has entered the realm of B2B payments. The company announced the launch of Coupa Payments Tuesday (May 16), a tool that aims to streamline cross-border payments for its corporate customers. Its payments offering is available in 140 currencies across 170 countries.

B2B

PYMNTS

NOVEMBER 14, 2017

B2B payments are powerful, but so are mounting debts. 3 billion | The estimated number of people worldwide who are without a bank account (unbanked), but do have smartphone devices and could use said devices to participate in digital transactions and the global economy.

Economy

PYMNTS

SEPTEMBER 19, 2019

based company providing businesses with recurring payment acceptance solutions, is launching in the U.S. with an eye on the B2B payments opportunity. 18) said GoCardless is launching a debit payment solution in the U.S. ACH debit is becoming an increasingly popular choice for B2B payments in the U.S.

ACH

PYMNTS

MAY 12, 2020

In the journey to improving B2B payment processes, it’s unlikely that any single solution will be the silver bullet to combating friction. In this week’s examination of payment rail innovation, PYMNTS explores the latest efforts to tackle B2B payments pain points. Deluxe Preserves The Check Workflow.

B2B

PYMNTS

MAY 24, 2016

TSYS is fueling the adoption of digital payments among corporates with its latest offering, announced on Monday (May 23). TSYS will provide commercial payments players with authorization and decision controls, the company said, in an effort to help issuers safeguard against fraud and boost their standing in the B2B payments space.

B2B

PYMNTS

DECEMBER 17, 2019

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., noted PYMNTS in a previous Faster Payments Tracker. ACH’s B2B Future. Why should it ever have to start as paper?”.

ACH

PYMNTS

NOVEMBER 3, 2016

With data analytics now a paramount process of cash flow management, developers are tasked with making their most innovative B2B payments and finance technologies seamlessly integrate with ERP and accounting platforms. “Now, clients are actually receiving a revenue share for making a virtual payment — or even with ACH.

Payments Data

PYMNTS

AUGUST 25, 2016

PayPal has only recently launched its B2B payments services through a few partnerships aimed at facilitating invoice payments. Now, the company is taking a solo approach to the space with the rollout of a new service aimed squarely at freelancers and B2B sellers. Reports on Wednesday (Aug. Reports on Wednesday (Aug.

PayPal

PYMNTS

NOVEMBER 22, 2016

B2B payments company Happay, which provides prepaid card solutions to employers for the purposes of expense management, also recently announced a reaction to demonetization. The firm rolled out an express onboarding service for SMEs that are now scrambling for digital payment tools, unable to turn to cash as they once had.

Cash Management

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. PYMNTS And CSI Eye AR-AP's Digital Shift. Boost Gives Suppliers A Voice In Card Acceptance.

Commercial Card

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Commercial Card

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. But a new report from the Association of Financial Professionals , underwritten by JPMorgan Chase , suggests that corporate payments appear to finally be shifting away from paper checks. On Wednesday (Sept.

AFP

PYMNTS

MARCH 6, 2019

The B2B payments landscape is giant, so its problems and points of friction are behemoths, too. While the industry has opened doors to many new FinTech firms that tackle individual pain points of corporate payments, large-scale problems need large-scale solutions. Beyond The Payment. A Collaborative Approach.

B2B

PYMNTS

JULY 2, 2020

At the same time, vendors are opening up to the benefits of card acceptance, allowing for extended DPO for their customers without compromising timely payments. Some businesses are only just beginning their commercial card journeys as part of a broader push to digitize B2B payments. Optimizing Card Spend.

Commercial Card

PYMNTS

JANUARY 22, 2020

National bank RAKBANK , headquartered in the emirate of Ras Al-Khaimah in the United Arab Emirates, has teamed up with Mastercard to introduce corporate payment solutions, Zawya reported Wednesday (Jan. It also provides efficient monitoring of travel and entertainment expenses via the SmartData expense monitoring and management tool.

Commercial Card

PYMNTS

MARCH 26, 2018

This week’s B2B Data Digest dives into the numbers behind the struggle of small businesses to expand – and entrepreneurs’ clear vision for what supports their success. 9 in 10 SMBs say cash flow challenges hamper business growth , according to data from Scottish Pacific. Even more – 97.5 69 percent of U.K.

Small Business

PYMNTS

JANUARY 21, 2021

They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Recent surveys found that 38 percent of U.S.

Real Time Payments

PYMNTS

JANUARY 1, 2021

CFOs Guide To Digitizing B2B Payments. Companies are reexamining their payment tools as they work to more swiftly and seamlessly pay vendors. Many businesses are finding that newer digital payment tools, like virtual cards, offer key advantages to optimizing their B2B processes during the health crisis. “We

Economy