PYMNTS

NOVEMBER 10, 2020

Today In B2B, U.K. challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Plus, Just Cashflow collaborates with Railsbank, and HashCash streamlines its B2B payments offering. Payer Financial Debuts New ID Verification Service.

B2B 75

B2B Product Payer Verification 75

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. “I think everybody recognizes that B2B payments are an enormous opportunity in the U.S. The competition is undoubtedly heating up.

Automation 127

Automation B2B Point-of-Sale (POS) Payer 127

PYMNTS

OCTOBER 22, 2019

Bank of America’s latest offering, for example, addresses payment acceptance challenges, while Bill.com marries accounts receivable (AR) and AP with tools that tackle friction in processes that touch both ends of the B2B payments journey. Bank introduced a new eBilling tool also designed both for billers and payers. Finally, U.S.

Payer 40

Payer B2B Commercial Card Faster Payments 40

PYMNTS

APRIL 30, 2020

National Institutional Facilitation Technologies (NIFT) has announced a partnership with B2B FinTech Haball for a new contextual railroad to help boost B2B payments in Pakistan, according to a press release. Based on the ISO 20022 framework, the CFT will provide detail on transactions, the press release stated.

B2B 67

B2B ISO 20022 Interoperability Funds Transfer 67

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

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

PYMNTS

JANUARY 22, 2021

Today in B2B payments, TripActions announces new funding that values the T&E startup at $5 billion, while OneSource Virtual launches invoice payment capabilities. Plus, iBanFirst launches B2B payment traceability tool, Georges rebrands with new funding, and HashCash partners with a bank on blockchain payments. 21) blog post.

B2B 66

B2B Payments Blockchain Payee 66

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments.

B2B 65

B2B Commercial Card Cross-Border Cross-Border Payments 65

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. Furthermore, the challenges faced by suppliers when collecting payments can mean additional friction for their payers.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Payer 53

Fintech Finance

OCTOBER 17, 2024

It marks a significant advancement in account-to-account payment solutions, offering businesses a fully integrated payment experience with the Worldline brand at the forefront to build trust towards payers. Additionally, it offers cross-border capabilities that are essential for merchants operating in multiple markets.

Accounts 96

Accounts Cross-Border Payer Payments 96

PYMNTS

JANUARY 28, 2021

When it comes to strengthening the B2B payment proposition, oftentimes, tackling friction for only one side of a transaction is no longer sufficient. For the payer, this means interest-free cash flow for up to 55 days, the company said in its announcement. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

SEPTEMBER 28, 2016

In a separate statement, Argo CEO Luigi Botto pointed to the benefits virtual cards can have for corporate payers. “With WEX payment solutions and Argo, our clients will have better control over their cash flow and will gain operational agility by automating payments and reconciliation of travel expense,” the executive said.

Payer 64

Payer Push-to-Card B2B Reconciliation 64

Fintech Finance

JANUARY 31, 2024

Paystand, the only feeless B2B blockchain-enabled payment platform, today brings its automated payment solution to Acumatica, an all-in-one cloud-based ERP system for business management that includes finance, inventory, CRM, and payroll. The Acumatica Paystand integration is available for Acumatica users as of January 31, 2024.

B2B 52

B2B Payer Payments CRM 52

PYMNTS

JUNE 11, 2020

While optimizing back-office functions like accounts payable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration is also critical to supporting the financial health of an organization. AscendantFX Eases Payment Instruction Hurdles. ”

B2B 52

B2B Payee Cross-Border Small Business 52

PYMNTS

SEPTEMBER 26, 2018

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Users can view transaction activity and manage online banking entitlements, the bank explained.

Accounts 75

Accounts Payment APIs and Integration Liquidity Management Treasury 75

PYMNTS

MAY 24, 2016

The firm revealed the rollout of its commercial payment solution, TSYS Virtual Payment Precept (VPP), a virtual payment tool for accounts payable and accounts receivable to streamline reconciliation and heighten risk controls in the B2B payments space, the company said.

B2B 41

B2B Security Fraud Detection Payee 41

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. But the reconciliation, security, payment terms and buyer-supplier relationship do not mean one size fits all for B2B transactions initiated on an eCommerce platform. They want to combine them.”

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

Fintech Finance

JANUARY 18, 2024

At the same time, due to manual reconciliation, these healthcare providers also lack visibility into the claim payment status, putting even more strain on their billing teams. Integrating Mastercard’s innovative virtual card platform, which makes complex B2B payments fast, easy and secure, holds promise for the healthcare industry.

Visa 52

Visa B2B Innovation Payment APIs and Integration 52

PYMNTS

JANUARY 13, 2021

Within the B2B space, especially, technology can improve payments processes that are time-consuming and error-prone. All too often, he said, bringing automated payments processes and reconciliation, as well as improved cash collections, are not viewed as offering significant enough returns on investment.

Process 94

Process AI Accounts Lockbox 94

PYMNTS

JUNE 24, 2019

In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

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. The B2B arena certainly continues to see a high prevalence of paper checks in the U.S. Lockbox Data Headaches. Automating Lockbox Data – And Beyond.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

FEBRUARY 18, 2020

Unlike traditional B2B areas, where the supplier and customer have agreed upon pricing, and it is the exception when the payment amount does not equal the billed amount, “ he told PYMNTS, “it is standard practice in healthcare for a provider to bill one amount only to have the payer decide to pay a completely different amount.”.

B2B 52

B2B Faster Payments Payments ACH 52

EBizCharge

MAY 15, 2024

To better understand what and who is involved in these transactions, this article will dive into common business-to-business (B2B) terminology and payment methods. What are B2B payments? A reliable B2B payment system plays a pivotal role in the smooth operation of businesses across industries. How do B2B payments work?

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

JANUARY 10, 2019

Even when technologies come close to addressing multiple challenges that exist today when sending, receiving and reconciling B2B payments, those benefits typically come with a cost — whether it be the interchange fees of cards or the burden of replacing legacy infrastructure.

Reconciliation 61

Reconciliation B2B ACH Addressing 61

PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct. In an announcement on Tuesday (Oct.

Automation 47

Automation Reconciliation Card Issuer Payee 47

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

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

MAY 4, 2020

With so much paper stuck in AR and AP departments, the B2B payment functions are prime digitization targets that could yield efficiencies and cost savings well after economic disruption settles. “The ultimate B2B payment is really a virtual card,” he said. That PDF is probably still going to be printed out at some point.”

Payer 66

Payer B2B Due Diligence Reconciliation 66

PYMNTS

NOVEMBER 23, 2020

Before the pandemic, concern was growing over the issue of late B2B payments and the struggle among small businesses to get paid on time. For small business clients, she said, the growing preference is to use credit cards over direct bank transfers, often due to the ability for cards to provide extra capital float for the payer.

Finance 106

Finance Payment Gateways Small Business Gateways 106

PYMNTS

OCTOBER 9, 2019

B2B payments friction isn’t only experienced on the payer side. These hurdles can also stifle electronic payments adoption in the B2B arena. Having access to key data surrounding a transaction is critical for both sides’ reconciliation processes, he added, which is where the collaboration with Paymode-X comes in.

B2B 46

B2B Third-Party Service Provider Payments Audit 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

NOVEMBER 19, 2019

The partnership will allow WEX to connect its corporate customers to Billtrust’s B2B payments services, which addresses friction for both corporate payers and the suppliers accepting payments. “We’re pleased to partner with Billtrust to solve for the ‘last mile’ of automated settlement and reconciliation.

B2B 51

B2B Payer NOV Reconciliation 51

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? Card payments, meanwhile, are also subject to fraud as payers often email or phone in card details.

Checks 43

Checks B2B ACH Payments 43

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Discover Targets Reconciliation Data.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

AUGUST 28, 2019

With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. The process added friction not only to payment processes, said Cooley, but also in terms of reconciliation and the ability to access payment data. Speaking The Same (Payments) Language.

ISO 20022 52

ISO 20022 Real Time Payments B2B ISOs 52

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

PYMNTS

JULY 22, 2019

percent of survey respondents reporting that they are “very” or “extremely” satisfied with paper checks, it seems like B2B payers really don’t find them to be all that bad. Yes, checks were nearly bottom-of-the-barrel in terms of satisfaction levels, but with 63.5 Keeping the Supplier In Mind.

B2B 57

B2B Reconciliation Checks Lockbox 57