PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. An Ecosystem Approach.

B2B 110

B2B Payments Wire Wires 110

PYMNTS

DECEMBER 5, 2019

Understanding businesses’ biggest payment pain points requires a wide line of sight. Traditionally, different categories of business spending, including employee expenses, supplier payments, payroll and others, have been tackled separately. Many of those pain points are, by now, well-known in the B2B payments space.

Business Payments 52

Business Payments Payer Payments B2B 52

Fintech Finance

JULY 4, 2024

SecurityTech company Giesecke+Devrient (G+D) is making digital payments independent of online connectivity. The token-based payment solution G+D Filia® Unplugged enables consecutive, secure offline payment transactions anytime and anywhere, bridging the gap between seamless online and offline payments without a reliable internet connection.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

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. Instead, businesses have to go through multiple banks and use more resources to settle payments, which ends up wasting time and money.

B2B 67

B2B ISO 20022 Interoperability Funds Transfer 67

PYMNTS

MAY 2, 2017

Take the payments industry. And even as the world and payments become globalized, crossing borders and a 24/7/365 landscape, remittances have room for improvement. One feature ripe for attention: There may be too many touch points along the payments continuum. “I

Cross-Border 42

Cross-Border Business Payments Payments Payer 42

PYMNTS

NOVEMBER 30, 2018

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation.

Commercial Card 86

Commercial Card Visa Payer Automation 86

PYMNTS

SEPTEMBER 14, 2017

The enterprise has been a bit skeptical about mobile payments. One exception may be in the T&E space, in which FinTechs are introducing ways for employees to make B2B payments and integrate transaction data into expense management systems, a reflection of the mobile nature of the traveling employee.

B2B 55

B2B Payment APIs and Integration Due Diligence Payer 55

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%. Learn More What are B2B Payments?

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Louis, as its new payments strategy director.

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

JANUARY 2, 2019

Much attention has been paid to mobile business payments in the fleet sector in particular, with Comdata launching its mobile app, Comdata OnRoad, that links to fleet driver funds, for example. Some financial institutions, including Bank of America and UMB Bank, have also invested in mobile B2B payments.

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

PYMNTS

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. International payments often contain unstructured and ambiguous transaction data, causing unnecessary delays and failed processing.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that.

Payment Initiation 60

Payment Initiation B2B Online and Mobile Banking Small Business 60

PYMNTS

JANUARY 8, 2020

Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere.

B2B 56

B2B Mobile Payments B2C Payments 56

PYMNTS

NOVEMBER 12, 2018

Singapore bank DBS is introducing a new solution for small businesses to embrace digital payments and better manage cash flow, according to an announcement on the FI’s website late last week. The solution is also integrated with PayNow , the payments solution created by the Monetary Authority of Singapore.

Small Business 63

Small Business Payer Payments Payments Tools 63

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. Paper checks are familiar, especially to smaller businesses, and can support a longer cash float. Which will come out on top?

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

JANUARY 27, 2021

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption. We believe our partnership with Billtrust will significantly bolster the adoption of electronic payments to suppliers who participate in the BPN.”.

Commercial Card 94

Commercial Card Payroll Multifactor Authentication B2B 94

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015.

ACH 51

ACH Fed Checks Federal Reserve 51

FICO

OCTOBER 24, 2018

Authorised push payment fraud occurs when a person or organization is tricked into making a payment to a fraudster, often one that is posing as a legitimate supplier. I discussed this in more detail in the post ‘What is Authorised Push Payment Fraud?’. Here are six: It won’t work for business to business payments.

Payee 49

Payee Payer Payments Scams 49

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. Providing payers with this information could make it easier for them to quickly and efficiently pay their suppliers.

B2B 40

B2B Federal Reserve Payee FedWire 40

EBizCharge

APRIL 17, 2024

Payment links revolutionize how businesses interact with customers by simplifying the payment process with a few clicks. This article will dive into the very fabric of payment links — exploring their types, functionality, security, and the scenarios they’re best suited for — to help you optimize them for your business.

Online and Mobile Banking 59

Online and Mobile Banking Payments Payment Gateways Credit Cards 59

PYMNTS

SEPTEMBER 19, 2019

This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers. Bento for Business estimates that the U.S.

B2B 53

B2B Innovation Real Time Payments Same Day ACH 53

PYMNTS

AUGUST 3, 2018

Discover Financial Services is pushing for digitization of B2B payments in the U.S. through a collaboration with the Business Payments Directory Association (BPDA), according to a press release. Payees can manage their own payment preference data in real time, the companies explained. for B2B transactions.

B2B 40

B2B NACHA API Payee 40

PYMNTS

OCTOBER 24, 2018

Commercial payments company WEX is looking to expand its offering by acquiring one of its partners, Noventis. A press release this week said WEX will acquire the company, which already uses WEX to provide virtual cards that can enable payment on the Noventis electronic payments network. ” .

Payer 55

Payer Small Business Acquirers Payment Networks 55

PYMNTS

DECEMBER 8, 2017

Talk is growing of the potential for virtual card technology to address several key points of friction in business payments, especially in corporate travel. Even for business payers themselves, though, virtual card adoption has perhaps been slower than some industry players would like. In a separate interview , Dean M.

Payer 43

Payer Payments Reconciliation Data Breach 43

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 81

Commercial Card B2B Visa Issuers 81

PYMNTS

NOVEMBER 19, 2019

Commercial payments company WEX has announced a partnership with order-to-cash solution provider Billtrust in an effort to address accounts payable (AP) friction for its clients. 19), Billtrust said WEX is joining its Business Payments Network (BPN). This will enable frictionless payments to the suppliers of WEX customers.”

B2B 51

B2B Payer NOV Reconciliation 51

PYMNTS

DECEMBER 18, 2019

However, friction breeds opportunity for innovation, with traditional financial service providers and FinTech firms stepping in to tackle businesses’ biggest payment pain points. Corporate payments aren’t just about sending funds from one business to another, though. ” Payer Pain Points.

B2C 52

B2C PayPal Cross-Border Cross-Border Payments 52

PYMNTS

DECEMBER 2, 2019

Digital identity solutions provider Signicat is partnering with payment information firm SurePay to combat B2B payments fraud. Payers are warned of any mismatch between payee identity and bank account information in real time in an effort to combat identity and payments fraud , the firms said.

Due Diligence 40

Due Diligence B2B Payee Payer 40

PYMNTS

AUGUST 12, 2020

The business payments technology company is rolling out Pay Direct for U.K. corporates, making it easier for businesses to accept online payments. The solution is based on open banking wielding its payment initiation service, enabling Bottomline to use the U.K.’s ’s Faster Payments scheme.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

DECEMBER 12, 2019

12) from initial public offering (IPO) land for Bill.com, the business payments platform that just went public , pricing its shares at $22, seeking to raise more than $200 million. He used his own experience as a co-founder of PayCycle and as part of the small business group at Intuit to boost that point. So far, so good.

B2B 52

B2B Cross-Border Payments Cross-Border Payments 52

PYMNTS

JUNE 5, 2018

While the same cannot necessarily be said about business customers, the findings do highlight the progress technology conglomerates have made in the financial services space: Traditional banks are no longer the only option for customers. This combination will be the driving force for getting businesses to adapt.”

B2B 46

B2B PayPal Payments Payee 46

PYMNTS

JUNE 20, 2017

The bank said in news Monday (June 19) that supporting use of a mobile wallet solution for corporate payers can help business travelers streamline transactions with online payments and expensing while boosting security. “Companies also are focused on the changing demographics of the U.S. labor force. . labor force.

Online and Mobile Banking 44

Online and Mobile Banking Commercial Card Payer Card Issuer 44

PYMNTS

JULY 6, 2020

The idea that money should be able to move instantly between sender and recipient has long been gaining ground in P2P payments, the gig economy, the insurance industry and more. Panelists told Webster that the pandemic has only sped up interest in instant payments. Waiting even a few days for payment no longer works for anyone.

Instant Payments 59

Instant Payments ACH PayPal Payments 59

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Direct Competition.

Commercial Card 42

Commercial Card Online and Mobile Banking Payments Payer 42

PYMNTS

DECEMBER 21, 2020

Consumers around the world have become intimately familiar with the “card-not-present” method of payment. Now businesses in Asia have an option to embrace “card not needed” as the pandemic continues to accelerate business models. Cash and check payments are still the dominant method for B2B transactions on the continent.

Commercial Card 70

Commercial Card Cross-Border Payments Cross-Border B2B 70

PYMNTS

NOVEMBER 12, 2019

But corporate payers are not the only entities in charge of driving adoption of AP automation technologies. Suppliers continue to play an important role in AP technology adoption, with service providers realizing that in order for companies to be able to pay electronically, suppliers must accept electronic payments. billion valuation.

Innovation 49

Innovation B2B Automation Payer 49

PYMNTS

FEBRUARY 22, 2019

Travel booking company Amadeus is integrating Barclaycard virtual card technology into its Amadeus B2B Wallet solution to streamline business payments processes, the company announced Thursday (Feb. “Payments is not a one-size-fits-all business,” explained Bart Tompkins, Amadeus managing director, payments, in a statement.

Payer 46

Payer B2B Reconciliation Acquirers 46