PYMNTS

JANUARY 23, 2019

The card number is automatically generated once the PO is approved, with payment only made for the designated supplier and amount. The Coupa Pay solution also includes automated reconciliation with the initial purchase order, the companies noted in the press release. JPMorgan is the second card issuer to join the Coupa Pay solution.

Card Issuer 75

Card Issuer Issuers Reconciliation Commercial Card 75

PYMNTS

OCTOBER 1, 2020

Boost Payment Solutions , which works in optimizing payment cards, is partnering with Visa to give commercial card issuers, cardholders and suppliers more automation and flexibility in their experiences, according to a press release.

Commercial Card 74

Commercial Card Card Issuer Enrollments B2B 74

Fintech Finance

AUGUST 23, 2024

Headquartered in London, SetldPay works with both major card schemes Visa & Mastercard and two issuers, to ensure a broad range of expertise and choice in product, compliance/legals and geography. From the research we did, it was the most technologically advanced solution in the market, said Co-Founder and CEO Stuart Green.

Issuers 98

Issuers Process Reconciliation AML 98

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. A Reconciliation Headache.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. And that’s good news for card issuers, too, which could see greater net-new card payment volume.

Automation 47

Automation Reconciliation Card Issuer Payee 47

PYMNTS

OCTOBER 2, 2020

Plus, Boost Payment Solutions is collaborating with Visa to provide further automation and flexibility to commercial card issuers, cardholders and suppliers. Boost Partners With Visa To Enhance Commercial Card Use. In today’s top news in digital-first banking, banking startup Dave Inc.

Payroll 52

Payroll Commercial Card Card Issuer Central Bank 52

PYMNTS

JULY 2, 2020

.” The card’s ability to find a win-win scenario for B2B payments — that is, reducing DSO for vendors while simultaneously lengthening DPO for buyers — is key to encouraging further card adoption. “It’s not only the economics that are being optimized” by accepting cards, Leavitt said.

Commercial Card 104

Commercial Card Push-to-Card B2B Card Issuer 104

PYMNTS

JULY 28, 2020

CFOs and AP teams must also keep their suppliers top of mind, as well as their ability to ingest that transaction data and accept funds to support an automated reconciliation process. Understanding vendors’ biggest pain points for virtual card acceptance is key to overcoming those barriers to virtual card program implementation.

B2B 70

B2B Payments Cross-Border Reconciliation 70

Finovate

MARCH 12, 2024

The company offers a SaaS solution that manages all of the significant aspects of program management for card issuers and BIN sponsors in a single interface. The technology enables users to instantly reconcile data across the payments ecosystem from the program and account level to the transaction level.

FinTech 59

FinTech Card Issuer Fraud Detection Issuers 59

PYMNTS

JANUARY 20, 2021

Payments have typically been the exclusive domain of banks, card issuers and FinTechs — distinct from a product or service offering and usually requiring distinct motions for both the buyer and seller to complete a transaction. But that is changing — slowly but surely. It doesn’t have to be complicated, though.

Embedded Payments 70

Embedded Payments Ubiquitous Embedded Finance Multi-Currency 70

Fintech Finance

DECEMBER 6, 2023

air, hotel, per diems) is captured and applied to the virtual card with a configurable spending limit based on the time period, the amount or even the merchant, providing greater control and oversight on total spending. The extended collaboration between Conferma Pay and Mastercard will also simplify the reconciliation of hotel expenses.

Visa 52

Visa Online and Mobile Banking Payment APIs and Integration Reconciliation 52

The Fintech Times

AUGUST 29, 2024

Partners and how they will help: Mastercard – Debit card scheme Transact Payments – BIN Sponsor, Card Issuer and e-money Flagright – Transaction monitoring Marqeta – Transaction processor TAG Systems – Card manufacturer Onfido – Identity verification and KYC Kani – Reconciliation Plaid – Open banking (..)

Card Issuer 59

Card Issuer Debit Card Reconciliation End User 59

PYMNTS

JULY 10, 2020

“When you talk about relevance, the fact still remains that there is a credit limit available on the company card product — it’s just not being used,” Razdan noted. In addition to heightened visibility and access to reconciliation data, corporate cards connect businesses to a valuable line of credit.

Commercial Card 80

Commercial Card Credit Limit Issuers Card Issuer 80

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. Metrics related to settlement times, reconciliation accuracy, and payment processing costs help merchants streamline their operations and reduce costs.

Process 98

Process PCI DSS Processing Costs Fraud Detection 98

Finovate

MAY 16, 2025

The payment card business is among the most competitive areas of financial services. A growing number of fintechs have developed strategies and technologies to help card issuers and acquirers access millions of dollars in cost savings and missed revenue by better controlling card network fees and enhancing transactional profitability.

Card Issuer 59

Card Issuer Issuers Acquirers Payments 59

PYMNTS

JULY 25, 2017

Integrated systems also reduce time and resources spent on reconciliations and revenue recognition calculations, which increases finance and accounting teams’ efficiency and productivity, the company said in the release.

Reconciliation 40

Reconciliation Card Issuer Credit Cards Accounts 40

Stax

AUGUST 29, 2024

Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction. It will also communicate with the customer’s card issuer to verify the authenticity of the card details entered into your checkout page.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

PYMNTS

JUNE 20, 2017

“Increased security, convenience and ease of reconciliation are critical to administrators who oversee commercial card programs,” said PNC Bank Executive Vice President and Head of Treasury Management Christopher Ward in a statement. “Companies also are focused on the changing demographics of the U.S. labor force.

Online and Mobile Banking 44

Online and Mobile Banking Commercial Card Payer Card Issuer 44

PYMNTS

AUGUST 5, 2020

River EXPENSE, allowing employees to access a virtual or physical Expense Card that can include restrictions surrounding dates, spending limits, merchant amounts, and other factors. Womply Eases Corporate Card Acceptance. its current card issuer. DayTek Capital Pursues Card Capabilities.

Commercial Card 63

Commercial Card Online and Mobile Banking Contactless Payments Visa 63

PYMNTS

DECEMBER 1, 2016

Back then, TSYS announced it signed a payments agreement with Optal Financial Limited, one of Europe’s leading virtual card issuers. Under the agreement, TSYS will process authorizations for Optal’s significant virtual payments card business. Terms of the deal were not disclosed. TSYS said, with offices in Australia, the U.K.

Process 40

Process Debit Card Card Issuer Agreements 40

PYMNTS

MARCH 4, 2020

.” It’s unclear what impact the allegations might have on American Express or its small business customer base, but the accusations have emerged during a time of growing competition in the commercial card market, with small businesses having more options should they choose to switch from a market heavyweight to a FinTech newcomer.

Commercial Card 56

Commercial Card Payment APIs and Integration Small Business Value Added Service 56

M2P Fintech

AUGUST 8, 2023

crore* credit cards in circulation, a substantial jump from 7.5 But only 5%** of the population has a formal credit card. This is a huge opportunity for credit card issuers. Say a retail secured credit card issuer wants to explore unsecured corporate credit cards, once they have reached reasonably good numbers.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

EBizCharge

MAY 15, 2024

Reconciliation: Both parties reconcile their financial records to ensure that the payment matches the invoiced amount. Confirmation and Settlement: Once reconciliation is complete and both parties agree on the transaction details, the payment is considered settled.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Exact Payments

AUGUST 23, 2023

Customers will also appreciate features like a wide variety of B2B payment options, lower fees, payment automation/reconciliation, and fast onboarding. In this blog, we’ll look at these and other ways embedded payments can provide positive benefits and sustainable growth for your B2B recurring billing and subscription management SaaS.

Embedded Payments 52

Embedded Payments B2B Accounts ISVS 52

PYMNTS

SEPTEMBER 22, 2020

Other advantages lie with card acceptance, which extend beyond the timing of the payment. It’s as much about data exchange” between buyers and suppliers, noted Leavitt, as automated processes streamline posting and reconciliation activities — with leagues of improvement over the human errors that can bedevil checks, wires and ACH payments.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

MAY 7, 2018

percent of each credit card transaction plus 30 cents, which is shared among Amazon, card issuers and payment networks. In addition, it will decrease manual reconciliation costs. Amazon is also offering discounts to merchants who use its online payments service. It’s expensive and time consuming.

Push-to-Card 53

Push-to-Card Online and Mobile Banking Wire Transfer Credit Cards 53

EBizCharge

JULY 10, 2024

There is no option to carry over a balance from month to month with a charge card. While charge cards don’t have a preset spending limit, this doesn’t mean unlimited spending. The charge card issuer will approve purchases based on various factors, such as the cardholder’s payment history, spending habits, and financial resources.

Credit Cards 52

Credit Cards Credit Limit Card Issuer Issuers 52

Evolve Payment

MARCH 10, 2023

This is because the additional information in these transactions makes it easier for the card issuer to approve the transaction, reducing the risk of fraud or chargebacks. Lower Transaction Fees & Interchange Rates One of the main benefits of using Level 2 and Level 3 processing is that it can result in lower transaction fees.

Credit Cards 52

Credit Cards B2B Process Transactions 52

Stax

APRIL 18, 2024

Step 4: Clearing After settlement, the card network facilitates the clearing process. This ensures proper reconciliation and transfer of funds to the merchant’s account. Q: What are some additional network and card issuer fees?

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

The Fintech Times

FEBRUARY 27, 2024

. “Within the travel industry, we’ve seen an explosion of virtual card payments , enabling businesses to benefit from spend controls, security, and automatic reconciliation to ultimately deliver streamlined enriched data into their ERP.

Consumer Protection 69

Consumer Protection Payments Trends Stablecoins Consumer 69

PYMNTS

OCTOBER 30, 2019

The company said it will allow customers that have a current account or card product with any of 20 major high-street banks, challenger banks or card issuers to connect those accounts into their Coconut platforms to streamline financial data entry for augmented money management.

Payment APIs and Integration 41

Payment APIs and Integration Cross-Border Cross-Border Payments Small Business 41

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online and Mobile Banking 98

Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

Stax

MARCH 14, 2024

For businesses looking at paying with a credit card, there are often reward schemes and low-interest rates designed to attract businesses with special B2B credit card solutions offered by Visa, Mastercard, and most other card issuers.

B2B 88

B2B Process B2C Credit Cards 88

Nanonets

SEPTEMBER 28, 2023

fifth, Check with your bank or credit card issuer to see if they offer any special programs for making international payments. Processes: Automate as many processes as possible, including invoicing, payments, and reconciliation. This can help you save money on future payments. Keep good records.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Wire Transfer Wires 52

PYMNTS

DECEMBER 4, 2017

And many believe injecting credit cards into the mix would make things even more difficult and costly. However, Leavitt said solutions are now in place that actually allow virtual card payments to drive down AR costs. Automation also proves attractive against a backdrop of manual transaction processing and reconciliation.

B2B 40

B2B ACH Credit Cards Payments 40

EBizCharge

DECEMBER 4, 2024

Understanding the intricacies of credit card reconciliation can mean the difference between financial clarity and chaos for businesses and individuals. This article will explore the ins and outs of credit card reconciliation, detailing its significance, benefits, and the various methods to carry it out effectively.

Reconciliation 52

Reconciliation Credit Cards Best Practices Audit 52

The Fintech Times

OCTOBER 30, 2024

Findings suggest fintechs are leveraging AI to compete with incumbents, particularly in CFO software and Wall Street tech, where the technology is driving data reconciliation, generative AI, and predictive insights. The collaboration aims to support efficient transaction processing and reconciliation across the UK and Europe.

Deepfake 59

Deepfake Verification BNPL Payment APIs and Integration 59