PYMNTS

DECEMBER 30, 2020

Yes, many organizations shifted the needle away from the paper check toward ePayment tools like commercial cards and ACH as a result of necessity. Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

AUGUST 11, 2020

Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. Indeed, solving some of the biggest AP challenges increasingly requires aa strategic focus not just on the payer, but on the supplier accepting that transaction. But organizations can’t do it alone.

B2B 110

B2B Payments Wire Wires 110

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. “But in the cross-border space, it’s a different ball game.”

B2B 65

B2B Commercial Card Cross-Border Cross-Border Payments 65

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

PYMNTS

NOVEMBER 5, 2018

What is clear, though, is that ACH is a growing part of businesses’ accounts payable (AP) and other payment operations, with industry service providers pushing corporates away from paper checks. New data has emerged about how SMBs use other payment rails , including cards and wire transfers. NACHA said 43.2

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

AUGUST 3, 2017

Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. Maybe you’re not a merchant.”.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

Stax

MARCH 14, 2024

While wire transfers and checks are quite common, the corporate credit card market is projected to have a compound annual growth rate (CAGR) of 7.3% by 2026 , so we’ll likely see more credit card use in the business sector. But what about in the business-to-business (B2B) sector?

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

AUGUST 3, 2016

“As government and commercial payers reduce reimbursement levels, many hospitals are seeing their margins shrink,” explained Becker’s Hospital Review in a recap of the event. B2B payments made via check can lead to loss or theft of funds, Anderson added, not to mention the fees associated with this form of payment.

Checks 40

Checks B2B NACHA Treasury Management 40

PYMNTS

APRIL 21, 2020

continues to struggle with paper invoices in accounts receivable (AR) and paper checks in accounts payable (AP), its neighbor to the south has emerged as the world leader in eInvoicing adoption. While paper checks may be common in U.S. While the U.S. Mexico’s Payments Challenges.

B2B 57

B2B Payer Payments Legal Framework 57

PYMNTS

MARCH 6, 2018

Commercial cards make up just a fraction of the supplier payments space, but the rise in virtual card technology – and the efficiency and security that come along with it – could help card issuers grab a larger slice of the B2B payments market. One-time use makes cards very secure and less susceptible to fraud.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

SEPTEMBER 10, 2019

The B2B payments discussion often centers around innovators’ efforts to kill the check. Unfortunately, simply introducing an electronic alternative to paper checks is not enough to kill this sticky and popular payment method. B2B vendors often carry the burden of B2B payments friction. Speed Takes Center Stage.

B2B 59

B2B Cross-Border Payments Payer 59

PYMNTS

MARCH 31, 2020

This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. Plastiq Eases Card Rail Friction. Payroll Rails Offer Employee Relief.

B2B 77

B2B Payroll Payments Cross-Border Payments 77

PYMNTS

JANUARY 17, 2020

Paper checks remain pervasive, and with many AP tools too complex to deploy, small firms rely on manual processes to pay their suppliers. “They either stuffed envelopes with checks and licked stamps or they used their bank’s bill payment tool — which is too simple and archaic.” ” Finding A Middle Ground. .

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

PYMNTS

SEPTEMBER 19, 2018

Business cards and document pouch? 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 Polished shoes and nice jacket? Who needs that?

B2B 56

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

PYMNTS

SEPTEMBER 17, 2019

There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. Thinking Beyond the Payer. Spreadsheets. Mounds of paper. Opaque payments moving sluggishly across borders and between banks.

B2B 52

B2B Innovation Payer Cross-Border 52

PYMNTS

DECEMBER 26, 2019

Solution providers that can offer this choice in payment “will be a critical differentiator” in the year and years ahead, said McCarthy, adding that AR platforms must allow B2B vendors to offer their payers a range of payment choice beyond ACH or checks, with more firms embracing commercial cards, PayPal and other alternative payment technologies.

Accounts 53

Accounts B2B End User Payer 53

PYMNTS

DECEMBER 23, 2019

The government has introduced measures, including a name-and-shame approach to warning suppliers about companies that have a history of paying suppliers late, as well as restrictions on whether late payers can bid on government contracts.

B2B 52

B2B Faster Payments Payments Payer 52

PYMNTS

MARCH 14, 2018

The workflows of B2B payments are another factor that challenge credit card adoption, especially considering the fact that often, a B2B payment may not be what’s on an invoice. In industries like perishable goods, a buyer may want to receive an order and check that all items have arrived as they intended before paying.

B2B 40

B2B Payments Small Business Credit Cards 40

PYMNTS

APRIL 13, 2016

Between legacy tools like paper checks, contemporary solutions like ACH and potential emerging innovations like the blockchain, B2B payments are no longer stuck with their head in the sand when it comes to payments evolution. Mifsud noted that, across Europe, use of the paper check is far less than it is in the U.S.,

Cross-Border 40

Cross-Border Payments B2B ACH 40

PYMNTS

JULY 21, 2020

With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. OnPay Talks V-Card Adoption. Boost Enables STP For Corporate Cards.

Commercial Card 70

Commercial Card B2B Payer Process 70