PYMNTS

JANUARY 15, 2018

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency.

B2B 55

B2B Same Day ACH Innovation NACHA 55

PYMNTS

FEBRUARY 15, 2018

The conversation around B2B payments innovation and progress cannot be held without the banks. ” Fox spoke with PYMNTS for its latest B2B API Tracker, powered by FI.SPAN. ” “Many of them have [a] siloed infrastructure, legacy systems [or] their products are disparate,” he said.

API 65

API Payment APIs and Integration NACHA Cross-Border 65

PYMNTS

AUGUST 3, 2018

Discover Financial Services is pushing for digitization of B2B payments in the U.S. The companies said Discover will be working with the BPDA, recently formed to create a business payments directory to make it easier for payers to electronically make B2B payments, to create a blockchain-powered platform. for B2B transactions.

B2B 40

B2B NACHA API Payee 40

Stax

NOVEMBER 11, 2024

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% However, the use of ACH payments in B2B transactions accounts for a large portion of payments made through the network and grew by 17.4% According to NACHA, most ACH transfers process the same or next-day. in payment volume growth in Q4 2021.

ACH 88

ACH Checks Identity Theft Payments 88

PYMNTS

JUNE 5, 2018

That includes corporates, too, as firms like PayPal press into the B2B payments and small business finance market – but they’re not always doing it alone. Working with PayPal, the company said, could ease friction for both payers and payees in the B2B payment process, encouraging firms to pay their vendors more quickly.

B2B 46

B2B PayPal Payments Payee 46

PYMNTS

NOVEMBER 26, 2018

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. percent of incoming payments volume for B2B vendors by 2020 — up just 1.5 percent from 2017 volume.

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

PYMNTS

FEBRUARY 19, 2019

the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

MARCH 29, 2018

This creates an interesting predicament for B2B payments disruptors: Should technology be used to make paper checks less friction-filled, or should it be used to entice businesses away from the paper check altogether? ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said.

Checks 43

Checks B2B ACH Payments 43

PYMNTS

MARCH 14, 2018

Today, alternative small business (SMB) lending company Fundbox is launching Fundbox Pay, a solution the company says will move its credit offering closer to the B2B transaction itself. Late and delayed B2B payments have turned many small business suppliers into a sort of “free bank” for their corporate customers.

B2B 40

B2B Payments Small Business Credit Cards 40

PYMNTS

MARCH 6, 2018

Commercial cards make up just a fraction of the supplier payments space, but the rise in virtual card technology – and the efficiency and security that come along with it – could help card issuers grab a larger slice of the B2B payments market. But we’ve been focused on different pieces of the puzzle.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

NOVEMBER 13, 2019

as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. payers have already demonstrated their eagerness for faster payment options. In addition, Nacha ‘s inability to offer always-on, 24/7 real-time capabilities is its greatest weakness.

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

JULY 5, 2017

The Fed’s analysis supports separate research conducted by NACHA that also found increases in ACH faster payments among corporate payers. Further, the Fed is currently collecting data on non-cash payments made during 2016 with plans to provide annual updates in trends, currently published every three years.

ACH 51

ACH Fed Checks Federal Reserve 51

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. Today, the CPMI said, electronic funds transfers (EFTs) are among the most common method for handling cross-border B2B payments, as are checks via international bank drafts.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

OCTOBER 21, 2019

PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. The decision will be made based upon an array of factors, including which payment method offers the lowest cost to the payer, enables the fastest delivery and other parameters pre-established by the treasurer client.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

JANUARY 25, 2019

Thielens said payments is a particularly interesting area, considering how much innovation has occurred in the last decade with payers (consumer and corporate alike), demanding greater choice and variety in how they make payments. NACHA is in the midst of collaborating on an API standardization effort, for example.

API 69

API Payment APIs and Integration Finance Facilitators 69

PYMNTS

AUGUST 3, 2017

But cards are a rarity in B2B payments, and even rarer in accounts payable (AP) compared with other segments of the space like corporate travel. The model by which card payments are made, too, as push payments, doesn’t align well with B2B payments, either, BC Krishna explained. B2B payments today, in the U.S.,

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

PYMNTS

MARCH 20, 2018

Following that rollout, NACHA said zero financial institutions that adopted Same Day ACH capabilities reported an increase in fraud, a result, NACHA recently told PYMNTS’ Karen Webster , of its 18-month-long initiative to work with banks and other FIs to heighten fraud detection efforts to prepare for faster transaction speeds.

Faster Payments 46

Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

OCTOBER 10, 2018

When it comes to business-to-business (B2B) transactions, paper checks are often the villain, cards an expensive but quick underdog, and ACH and its non-U.S. Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

PYMNTS

AUGUST 3, 2016

Health care industry stakeholders are turning up the volume on calls to adopt digital B2B payments practices in order to spend more efficiently and cut costs. B2B payments made via check can lead to loss or theft of funds, Anderson added, not to mention the fees associated with this form of payment.

Checks 40

Checks B2B NACHA Treasury Management 40

PYMNTS

JUNE 29, 2018

B2B payments in the insurance industry suffer from many of the same challenges that other markets do: namely, check-based payments. But the market’s B2B payments practices present a tougher sell to make the switch from faster, electronic payment technologies, Peters told PYMNTS.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

MAY 31, 2018

It’s almost as if these various players are all speaking different languages, according to George Throckmorton, managing director of NACHA , The Electronic Payments Association, who equated the payments industry to a digital Tower of Babel. The tide is finally beginning to turn, however. lags behind that seen in Europe and Asia.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40

PYMNTS

OCTOBER 31, 2017

One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. A recent survey from NACHA found that AR executives know this shift is in the works.

Treasury Management 41

Treasury Management Treasury Remote Deposit Capture Disputes 41

PYMNTS

AUGUST 15, 2018

The survey, conducted at the 2018 NACHA PAYMENTS Conference held in San Diego earlier this year, asked 390 industry professionals about their expectations from the payments industry. Still, the research suggests the commercial payments industry is certainly paying attention to real-time payments.

Real Time Payments 40

Real Time Payments Faster Payments Payments Cybersecurity 40

Nanonets

MAY 30, 2023

 B2B and B2C transactions are moving rapidly into the ePayment domains. Better B2B and B2C relationships: ePayments could enable credit functionalities and convenience of payment.  These,  Both payer and payee receive notifications of funds transfer, which makes it a dependable process. per check avoided.  

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Online and Mobile Banking Payment Reconciliation 52

PYMNTS

JULY 18, 2017

B2B payments company Viewpost just released a curious report: a survey on consumer payment habits and trends. According to Viewpost CEO Max Eliscu, B2B payments often follows in the same footsteps as B2C. Why would a corporate payments company want to dive into the world of consumers? We break down the highlights of the survey below.

B2C 41

B2C B2B Payments Trends Direct Deposit 41