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Commercial Cards: It’s All About The Data

PYMNTS

Leavitt, founder and CEO of Boost Payment Solutions , this is among the largest priorities for today’s accounts receivable departments, and commercial cards are stepping up to meet that demand. The drive for payment information is a key factor behind suppliers’ gradual path toward commercial card acceptance.

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Buyers, Suppliers Converge Around Virtual Cards

PYMNTS

Leavitt told PYMNTS a big reason behind the resistance of commercial card use and acceptance has been a lack of understanding or knowledge about the true value of commercial cards as an alternative payment method. “A massive bright light has begun to shine on [the timing of payments] process.”.

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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.

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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.

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Banks, FinTechs Find New Open-Data Use Cases

PYMNTS

Mastercard Taps FinTech for Biz Card Boost. Mastercard wants to expand Europe’s commercial card adoption, and is turning to a FinTech partner to help.

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

Fintech Finance

Virtual Mobile Wallet Commercial Cards: Santander was the first financial institution in the U.S. to offer clients mobile virtual cards. Digital checks also allow for greater flexibility, as they support multiple payment and deposit options.

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Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity

PYMNTS

Cichy also pointed to additional bank solutions, like lockbox operation, payment processing and commercial card offerings, into which Palette’s P2P solution is linked, promoting cohesion in banks’ corporate offerings. Historically, opportunities to wield this kind of data have been limited for traditional FIs.

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