PYMNTS

AUGUST 10, 2020

The solution was an important step in helping businesses embrace digital B2B payments, particularly when it comes to adoption of virtual and physical commercial cards. adding support for ACH and wire transactions. BPN addressed that pain point with commercial cards as key players like Visa and J.P. On Monday (Aug.

Wire 49

Wire Wires ACH Payment Networks 49

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.

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

AUGUST 11, 2020

Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. With the announcement that BPN is expanding to include support for ACH and wire transactions as well as card payments, Visa and Billtrust are casting a wider net of collaborators. 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

DECEMBER 5, 2019

Initially, this came in the form of purchase cards that gave managers the ability to allow their employees to make purchases on behalf of their companies, from office supplies to travel and expense spending. Leavitt says suppliers are indeed more difficult than buyers to convince of commercial cards’ value proposition.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

APRIL 2, 2020

Other banks and B2B FinTechs, meanwhile, have found additional ways to wield the power of the commercial card this week. PYMNTS rounds up the latest in commercial card innovation below. Comdata Fuel Cards Facilitate Factoring. .” Brex Offers Work-From-Home Rewards.

Commercial Card 65

Commercial Card Small Business Debit Card Credit Cards 65

PYMNTS

NOVEMBER 17, 2020

is partnering with Global Healthcare Exchange (GHX) to help healthcare organizations pay suppliers with commercial cards, Boost announced today (Nov. Commercial cards have become an effective cash management solution, especially during the pandemic’s disruptive effects on how organizations choose to pay and hold cash.

Payment Solutions 52

Payment Solutions Commercial Card Payments Wire 52

PYMNTS

SEPTEMBER 22, 2020

In the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space. Buyers are being forced to rethink their procurement spend … and perhaps are finally ready to abandon the paper check.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service.

Commercial Card 53

Commercial Card Reconciliation Payments ACH 53

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

JULY 25, 2018

While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer. While 54 percent of those scams involved wire transfers, more than a third targeted check payments. ” Payroll is another popular target for fraudsters.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

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

PYMNTS

AUGUST 30, 2017

American Express is continuing its ongoing efforts to encourage businesses to pay suppliers with commercial cards in its latest accounts payable partnership. The credit card firm announced Tuesday (Aug.

Accounts 43

Accounts Commercial Card B2B Wire 43

PYMNTS

MARCH 17, 2017

OnPay Connect enables customers to outsource supplier payments using virtual card, ACH, wire or paper check technologies. For Nivo1 customers, this partnership enhances the invoice automation process that you get with AP Express by adding payment automation,” explained Nivo1 CEO David Busch in a statement.

Technology 40

Technology Commercial Card Wire Wires 40

PYMNTS

JANUARY 19, 2017

A recent study by Receivable Savvy found that 63 percent of suppliers prefer to be paid electronically, though not necessarily via commercial card. Indeed, Nvoicepay’s Friede is a fan of commercial cards and of the virtual card in particular. 18) to highlight the strengthened connection between the two firms.

B2B 46

B2B Commercial Card Payments ACH 46

PYMNTS

AUGUST 12, 2020

based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools. Speaking with PYMNTS, Managing Director of North America Kieran Draper said employee expense management and contractor payouts have become a valuable niche for the corporate prepaid card. .” ”

B2B 67

B2B Push-to-Card Direct Deposit Payments 67

PYMNTS

JANUARY 26, 2017

Commercial cards probably won’t see any massive bursts of innovation or adoption, either. Still, cybercrimes like wire fraud and the business email compromise scam will remain prevalent in the industry. Instead, the corporate payments space will continue to see incremental change. “We

B2B 54

B2B Innovation B2C Faster Payments 54

PYMNTS

DECEMBER 30, 2019

This year, B2B payments technology made strides toward speed, transparency and efficiency as service providers took advantage of a massive market opportunity: corporates’ payment demands are growing more sophisticated, yet they continue to rely on checks and legacy tools. Bank, MYOB and others.

Innovation 42

Innovation Cross-Border Commercial Card B2B 42

PYMNTS

MAY 5, 2016

On Wednesday (May 4), the firm announced a deal with electronic payments and commercial card company CSI globalVCard to streamline global payments for AP executives. The solution supports payments sent via ACH, wire transfer, check or virtual card, the companies said, and can function across more than 140 currencies.

Global Payments 40

Global Payments Cross-Border Payments Cross-Border Wire Transfer 40

PYMNTS

OCTOBER 23, 2019

It’s the reason why paper checks remain a constant in B2B payments: Although businesses may not particularly like them, organizations already know how to send, receive and reconcile them. Below, PYMNTS looks at the latest solutions that take one of those two paths as innovators address friction in checks, ACH and other rails.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

FEBRUARY 14, 2018

Beyond the stereotype of the piña colada on the beach and tropical climates, the Caribbean beckons as a hot spot for B2B payments through virtual commercial cards. All of this takes place against trillions of dollars of checks paid (no doubt readers of this space have seen our frequent exhortations to #killthecheck ).

B2B 40

B2B Visa Commercial Card Payment Solutions 40

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends.

B2B 49

B2B Cross-Border Non-Bank Payment APIs and Integration 49

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. Spreadsheets. Mounds of paper. Opaque payments moving sluggishly across borders and between banks.

B2B 52

B2B Innovation Payer Cross-Border 52

PYMNTS

JUNE 13, 2018

Transactions via EFT can be made via bank-to-bank transfer, wire or check – and today, the firm noted, the process is plagued by manual processes and high fees. .” According to the company, B2B EFT payments make up more than one-third of Canada’s domestic payments volume.

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

DECEMBER 16, 2016

They fail to explain the ROI of the program, which comes with a reduced need to write checks, for example, or reissue them when they are lost. True or false: The ROI of card programs is unappealing to middle-market businesses. These are not people who may fully understand the benefits of a commercial card process,” Krishna said.

Automation 61

Automation Payment APIs and Integration Process Checks 61

PYMNTS

OCTOBER 20, 2020

Panelists included Jay Dearborn, president at WEX Corporate Payments; Greg Bloh, CEO at Transcard; Muhammad Chbib, CEO at Tradeling; Simon Barker, CEO at Conferma Pay; and Brad Garfield, head of product for commercial cards and comprehensive payables in global transaction services at Bank of America.

B2B 104

B2B Online and Mobile Banking Payments Treasury 104

PYMNTS

DECEMBER 4, 2017

The paper check game is an old one, entrenched in the interactions between firms. Leavitt, founder and CEO of Boost, told PYMNTS the firm is out to set (and be) the standard for B2B payments, encouraging the migration away from outdated methods like paper checks , wires and traditional ACH transfers. How, then, to un-entrench?

B2B 40

B2B ACH Credit Cards Payments 40