PYMNTS

OCTOBER 22, 2020

A perfect storm of market shifts catalyzed by the global pandemic has forever changed the B2B payments landscape. At the broader level, organizations began to fully understand the biggest pain points of their B2B payments workflows — and today, as Lane recently told PYMNTS' Karen Webster, they're also beginning to understand how to fix them.

B2B

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. Transcard Embraces Track for Real-Time B2B Payments. Volante Explores the Real-Time B2B Value Prop.

B2B

The Fintech Times

FEBRUARY 5, 2024

The adoption of digital payments is rapidly developing markets to the point that the value of B2B payments are set to grow by 40 per cent by 2028, from $89trillion in 2024 according to research from Juniper Research , the market research firm. It provides analysis and forecasts of over 65,000 datapoints across 60 markets over five years.

Cross-Border Payments

PYMNTS

DECEMBER 24, 2020

Insurance carriers that implement high-powered tools to boost claims processing could also trim frictions and accelerate the sector’s B2B payments. Payouts And AR. The dental industry has lagged behind most of the medical sector when it comes to modernizing. Updating these transactions requires effort from more than just insurance firms.

B2B

PYMNTS

SEPTEMBER 21, 2016

In B2B payments, those characteristics could have a significant impact on supplier payments and other B2B payment habits. 20), researchers found a 1 percent increase in the use of paper checks for B2B payments compared to 2013 levels. For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept.

Same Day ACH

PYMNTS

JANUARY 21, 2019

That might mean discovering a segment of vendors that are ripe for virtual card payments or integrated remittance data. Accelerating payments by adopting electronic payment tools can streamline the integration of remittance data, and provide deeper insights into other areas of the procure-to-pay process that are ripe for improvement.

B2B

PYMNTS

NOVEMBER 27, 2019

It’s about understanding clients’ needs and problems, and helping to solve for that,” noted Halpin.

ISO 20022

Fintech Finance

JULY 11, 2024

Billtrust , a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its Business Payments Network (BPN).

Payment Networks

PYMNTS

FEBRUARY 25, 2020

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. Achieving this goal in improving B2B payments means moving beyond the transaction itself. It’s about the exchange of data and, ultimately, business relationship management.”.

Remittance Data

PYMNTS

DECEMBER 20, 2018

The payments industry has been talking about the digitization of B2B transactions for years, maybe decades, with not much of a nudge of that needle. In some ways, the lack of digitization is the result of the financial services industry operating on misconceptions about the best ways to ensure that electronic B2B payments gain traction.

B2B

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

PYMNTS

DECEMBER 29, 2020

Demystifying the matter is PYMNTS December 2020 Digitizing B2B Payments Tracker® done in collaboration with Deluxe , examining the hurdles now set out before healthcare providers. There is a fundamental need to link complex remittance data — explanation of payment — with the payments being made.”. Treating A Payments Toothache.

Digital Payments

PYMNTS

DECEMBER 21, 2016

The NBA’s Orlando Magic may not be the first franchise that comes to mind when one thinks of B2B payments technology, but Viewpost changed that with its announcement Tuesday (Dec. Viewpost is like Facebook for B2B payments,” said Orlando Magic Vice President of Finance Jeff Bissey in a statement.

B2B

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. The year 2020 began inconspicuously — but in a few short weeks, everything changed.

Commercial Card

PYMNTS

OCTOBER 23, 2017

TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. It presents major opportunities in the B2B payments space, the executive of the corporate payments company added. That doesn’t mean B2B payers and payees should be complacent in sticking with the paper check, though.

B2B

PYMNTS

NOVEMBER 5, 2018

According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. ACH may be the most popular ePayments rail option for B2B transactions in the U.S. today, but it’s not the only one.

Small Business

PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. Fintainium Eyes Remittance For AR, AP. There’s nothing more valuable than remittance data. This is what businesses are asking for.

Accounts

PYMNTS

OCTOBER 23, 2019

It’s the reason why paper checks remain a constant in B2B payments: Although businesses may not particularly like them, organizations already know how to send, receive and reconcile them. B2B innovators have a choice when they decide to search for a better way to move money between corporates. Work With What You’ve Got.

Faster Payments

PYMNTS

NOVEMBER 16, 2020

As part of the payment process, the Transcard A2A solution allows businesses to “exchange the rich remittance data that a supplier needs for touch-free cash application, and reconcile settled transactions,” the payments automation company said. 16) press release issued by the Chattanooga, Tenn.-based based company.

Accounts

PYMNTS

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. The concept of a B2B payments directory isn’t new. However, in its “ Strategies for Improving the U.S.

B2B

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools.

AFP

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

PYMNTS

MARCH 3, 2020

In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. “You A Trusted Relationship. The Outsourcing Decision.

Accounts

PYMNTS

OCTOBER 26, 2018

In an earlier interview with PYMNTS, Ben Peters, chief operating officer at insurance payments solutions company VPay, said a lack of remittance data may be partially to blame for ACH’s lack of ubiquity. In corporate banking and payments, the challenges that arise can be vast. But even as regulators like the Fed in the U.S.,

Remittance Data

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. Vroozi Pay Eyes Vendor Relations. Boost Payment Solutions Expands Globally.

Commercial Card

PYMNTS

JUNE 13, 2019

Popular use cases that have emerged in recent years include blockchain’s potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions.

Blockchain

PYMNTS

OCTOBER 1, 2019

Payments company Discover has entered a new partnership with source-to-pay solution provider JAGGAER to power B2B payments on the JAGGAER ONE procurement platform. The vendors, meanwhile, can have access to more detailed remittance data. In a press release issued Tuesday (Oct.

Commercial Card

PYMNTS

OCTOBER 31, 2019

It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Although the traditional lockbox can support access to this information, the fact that B2B payments are digitizing cannot be ignored. Take the lockbox, for example.

Lockbox

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. Data’s Favorite Payment Rails.

Commercial Card

PYMNTS

MARCH 28, 2017

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. Today (March 28), B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards.

Push-to-Card

PYMNTS

DECEMBER 3, 2020

The B2B payments space has been slow to adopt digital innovations in the past, and cross-border payments are no exception. Some studies suggest that 68 percent of cross-border B2B payments were made via wire transfers as recently as 2019. . Factors Driving Cross-Border Innovation . IntegrationBoosts Speed, Transparency And Security .

Cross-Border

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

PYMNTS

NOVEMBER 13, 2019

The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers. Morgan commercial card clients and their suppliers can now benefit from automated payment processing and remittance posting,” said J.P. It will serve J.P.

Automation

PYMNTS

NOVEMBER 13, 2019

The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers. Morgan commercial card clients and their suppliers can now benefit from automated payment processing and remittance posting,” said J.P. It will serve J.P.

Automation

PYMNTS

JANUARY 25, 2019

Companies must not only integrate solutions that can connect to their customers’ operations (for instance, a B2B supplier could gain a competitive edge if they were able to automatically provide a customer with remittance data following payment), but work to ensure financial technologies are interconnected.

API

PYMNTS

DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. Tackling Supplier Misconceptions.

Faster Payments

PYMNTS

AUGUST 15, 2019

NACHA also offers a tool to help firms send ISO 20022-approved remittances data for B2B payments. . SWIFT has been seeking to foster ISO 20022 adoption by providing a resource center about the standard, mapping solutions and validator tools to help businesses make the transition.

ISO 20022