Fintech Finance

NOVEMBER 14, 2024

Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. ” said Michael Lee, Senior Executive Vice President and Managing Director of Commercial Banking at Santander Bank.

Online and Mobile Banking 52

Online and Mobile Banking Product Cash Management Treasury 52

PYMNTS

APRIL 1, 2016

Electronic payments and FinTech can help businesses across the board improve time and cash management, but each industry is different in the types of solutions they need and the progress with which they adopt more sophisticated tools. The CFO pointed to the time commitment associated with overhauling payments and finance processes.

B2B 40

B2B Commercial Card Cross-Border Cash Management 40

PYMNTS

SEPTEMBER 19, 2018

Jolly, head of financing and channels in global transaction services at Bank of America Merrill Lynch , about the financial institution’s latest product launch: adding mobile wallet functionality to its suite of commercial card products. “We That virtual card number is not stored and can only be used for that transaction.

B2B 56

B2B Push-to-Card Commercial Card Point-of-Sale (POS) 56

PYMNTS

JULY 10, 2018

Mastercard and EU FinTech Strands are collaborating on a cash management and corporate payments platform for banks, designed to address small business (SMB) needs. AI and machine learning technology will be able to help predict cash flow, expenses and balances. . Banks largely agreed with that sentiment, too, the company found.

Visa 47

Visa AI Small Business Commercial Card 47

PYMNTS

JULY 31, 2018

Small business financing company Fundera released the results of a survey assessing how entrepreneurs make purchases for their companies. Researchers pointed to a lack of adequate cash management strategy as a top reason why business owners make this mistake. There are many other benefits to having a business credit card.

Small Business 41

Small Business Credit Cards Commercial Card Compliance 41

PYMNTS

OCTOBER 11, 2016

Sure, there are other payment rails, like commercial cards, that can provide this kind of payment visibility to the corporate buyer. But ACH is already a top rail for B2B payments: NACHA released figures earlier this year that found $41.6 trillion worth of B2B payments transferred over the ACH Network, a 4 percent increase from 2014.

ACH 75

ACH B2B Commercial Card Checks 75

PYMNTS

JUNE 21, 2018

Corporate digitization efforts are well underway, and finance departments are often prime targets for this disruption. The report, written by Strategic Treasurer and sponsored by Bottomline Technologies and Bank of America, surveyed corporate treasurers, cash managers and CFOs about their key focuses for improving B2B payments.

Faster Payments 44

Faster Payments Blockchain Same Day ACH Commercial Card 44

PYMNTS

JULY 24, 2017

Muted corporate spend tempered American Express’ performance in its commercial card segment, and regulatory uncertainty is on the radar for Fifth Third Bancorp. Here’s all the financial data you need to know from some of the largest B2B finance and tech businesses. American Express Global Commercial Services. billion.

B2B 46

B2B Push-to-Card Commercial Card Non-Bank 46

PYMNTS

AUGUST 14, 2018

“We are pleased to join forces with a global provider that is equally committed to delivering a best-in-class solution for their customers,” Gonca Latif-Schmitt, global head of Citi Commercial Cards, said in a press release. “We

Online and Mobile Banking 40

Online and Mobile Banking Payments Commercial Card Treasury 40

PYMNTS

JANUARY 29, 2020

Another major hurdle unique to the purchase-to-pay space is the process’s deep touch points with an array of other back-office functions within the enterprise, including vendor management, product sourcing, accounts payable, accounting, inventory management, contract management, manufacturing and distribution, and more.

P2P 52

P2P Lockbox Payment Reconciliation Value Added Service 52

PYMNTS

MARCH 25, 2016

In January, the FI announced support of all of its card solutions — including commercial cards — for Apple Pay. Bank into the MasterCard Business Network, an online portal of resources for cash management and other business management solutions.

Small Business 40

Small Business Checks Online and Mobile Banking Treasury Management 40

PYMNTS

MAY 31, 2019

Accounts payable, cloud migration, Big Data and even legal management for startups raising new funding were all targeted among investors. But the larger, later-stage investment rounds focused on enterprise cybersecurity and talent recruitment — plus, rumors of upcoming funding could propel a commercial card startup to a $2 billion valuation.

Cybersecurity 57

Cybersecurity B2B Participant Commercial Card 57

PYMNTS

FEBRUARY 29, 2016

In this week’s Data Digest, we take a trip around the world to uncover the evolving habits of business payments and cash management. 9 percent of suppliers want to get paid via commercial card , says new research from Receivable Savvy. But that doesn’t mean suppliers aren’t interested in electronic payments.

Commercial Card 40

Commercial Card Small Business Cross-Border Payments Checks 40

PYMNTS

FEBRUARY 13, 2020

Invoice financing , for instance, is one product that Joust believes presents an opportunity in the gig economy. One difference is the ability for the solution to be used for a single invoice, rather than operate as a lump sum of financing for multiple outstanding receivables from their corporate customers, as a small business often faces.

Small Business 61

Small Business Payment APIs and Integration Economy Finance 61

PYMNTS

JUNE 22, 2020

Digital tools also offer real-time visibility into corporate cash flows, which can be especially helpful as businesses strategize to address a rapidly changing economic situation, Brad Garfield , head of product for commercial cards and comprehensive payables in global transaction services for Bank of America , recently explained to PYMNTS.

Automation 56

Automation Push-to-Card FinTech Process 56

PYMNTS

SEPTEMBER 17, 2019

Operating as a funding agent will broaden community banking participation in RTP, Bankers’ Bank said, adding that it will also build a 24/7 liquidity management solution for RTP transactions within its cash management suite of services. FinTechs Move Money To Vendors Faster.

B2B 43

B2B RTP Bankers' Bank Accounts 43

PYMNTS

JUNE 29, 2016

professionals will also gradually heat up, with some corporations already holding small conventions, attracting business professionals and, with them, the need to spend corporate cash. . The biggest area Seleski said he anticipates commercial card usage is in the hotel industry. brand, Four Points by Sheraton, since 1959.

Commercial Card 40

Commercial Card Push-to-Card Cross-Border Credit Cards 40

PYMNTS

NOVEMBER 21, 2017

New research from payments processor Mastercard and software company Karmic Labs suggests small- and medium-sized businesses (SMBs) are embracing an array of payment rails, but managing them all means added complexity to the already challenging task of managing finances. The Case For Prepaid.

Visa 43

Visa B2B Credit Cards Small Business 43

PYMNTS

NOVEMBER 22, 2016

Small companies used to paying salaries or their suppliers with cash, for instance, can no longer use the large-value notes they once could. The executive also pointed to the digitization of traditionally manual business processes as a trend sweeping Asia-Pacific and the globe.

B2B 65

B2B Mobile Payments B2C Payroll 65