Remove Checks Remove Commercial Card Remove Lockbox
article thumbnail

Commercial Cards: It’s All About The Data

PYMNTS

As B2B payments migrate away from the paper check in their own digitization journey, a supplier’s opportunity to access valuable transaction insight grows. One of the biggest advantages of the card rails is that you are virtually unlimited as to how much data you can pass with that transaction.”. According to Dean M.

article thumbnail

Buyers, Suppliers Converge Around Virtual Cards

PYMNTS

Leavitt , founder and CEO of Boost Payment Systems , told PYMNTS in a recent Masterclass that businesses large and small that have traditionally relied on the manual processes associated with writing checks or wiring funds to pay their suppliers are increasingly using commercial credit cards for payment instead.

article thumbnail

FIs Embrace FinTech Options To Bolster Business Banking

PYMNTS

City National Bank, Extend Pair On Virtual Cards. To launch its new virtual commercial card offering, City National Bank is working with FinTech Extend, the companies recently revealed. Apollo Bank Adopts CheckAlt Lockbox Technology. PNC Acquires Tempus Technologies.

Lockbox 57
article thumbnail

Bending Card Rails For B2B Payments Optimization

PYMNTS

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner. ” Recognizing Commercial Card Advantages.

B2B 53
article thumbnail

Santander Commercial Bank Delivers New Products and Digital Capabilities to Drive More Seamless Client Experiences

Fintech Finance

The Bank expanded its suite of digital cash management solutions with the following new products and services in 2024: Digital Checks: Clients can now send check payments faster and more securely via email while reducing or eliminating costs associated with paper checks. to offer clients mobile virtual cards.