The Fintech Times

MARCH 15, 2025

As a result of the new collaboration, Boosts cross-border payment solution for enterprise-level business, Boost 100XB, will be combined with TransferMates globally regulated payments infrastructure to help increase industry-wide commercial card usage and adoption. They will also have access to over 140 currencies.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payment Solutions B2B 59

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. A Reconciliation Headache. Commercial card transaction data can quickly become lost in a deluge of unstandardized information.

Commercial Card 61

Commercial Card Lockbox Reconciliation Push-to-Card 61

PYMNTS

NOVEMBER 18, 2020

In addition, the release says that annual commercial spend in the Middle East and Africa tops $4 trillion, mostly done via payment cards. The commercial card has grown in popularity, too, with online card payments having received the biggest share of new B2B volumes since the pandemic began.

Commercial Card 75

Commercial Card Visa B2B Reconciliation 75

Fintech Finance

MARCH 7, 2025

Center’s software, together with American Express’ corporate and small business cards, will aim to create a seamless expense management platform that delivers more value across the commercial card payments process – from choice in premium card offerings and rewards to automated accounting and reconciliation.

Acquirers 52

Acquirers Commercial Card Small Business Automation 52

Fintech News

APRIL 21, 2024

Payments giant Mastercard has launched a new mobile app that allows virtual commercial cards to be added directly to digital wallets, enhancing contactless payment solutions for businesses. This is particularly beneficial for employees and contractors who previously had to rely on personal cards or cash for business expenses.

Visa 111

Visa Reconciliation Contactless Payments Commercial Card 111

PYMNTS

MAY 6, 2020

FinTech Conferma Pay said Wednesday (May 6) that it has teamed up with Visa to integrate the payment network’s virtual cards into the Conferma Pay mobile app, provisioning commercial cards to their phones’ digital wallets. billion a month in the U.S. ” The Mechanics And The Roadmap.

Reconciliation 107

Reconciliation Commercial Card Contactless Payments Online and Mobile Banking 107

PYMNTS

DECEMBER 30, 2020

“It’s widely acknowledged in the industry that for a long time, the benefits of commercial cards [for supplier payments] have been … weighted in favor of corporate buyers,” Reid said, adding that “among the innovations and trends we’re currently seeing is the industry’s attempt to redress that balance between buyers and suppliers.”.

B2B 105

B2B Process Point-of-Sale (POS) Commercial Card 105

PYMNTS

SEPTEMBER 9, 2020

In this week's Commercial Card Innovation Tracker, PYMNTS rounds up the latest innovations that showcase how industry players are looking beyond the card itself — and toward API integrations and value-added features — to encourage corporate card use. Airbase Spend Signals Rising Card Adoption.

Payment APIs and Integration 94

Payment APIs and Integration Commercial Card Push-to-Card Visa 94

PYMNTS

SEPTEMBER 10, 2018

Digital payments, faster transaction times, streamlined reconciliation, and greater visibility and control are all key components to an improved corporate payments offering, noted Uma Wilson, director of bank products at UMB Financial Corporation. “In corporate America, people are not just eight-to-five,” she said.

Commercial Card 40

Commercial Card Payer Reconciliation B2B 40

PYMNTS

FEBRUARY 18, 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 the biggest in areas outside of payments.

FinTech 82

FinTech Commercial Card Cross-Border Cross-Border Payments 82

PYMNTS

DECEMBER 29, 2020

But even if a business is sending ACH or accepting commercial card transactions, the processes and workflows associated with a B2B transaction remain complex, and they often cannot be remedied solely by adopting electronic payment methods.

B2B 114

B2B Reconciliation Payments Automation 114

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov.

B2B 115

B2B Payments Reconciliation Payer 115

PYMNTS

JULY 31, 2019

JPMorgan has announced it will use the service to streamline the delivery of electronic B2B payments for its commercial card clients. BPN’s offering is a great fit for JPMorgan’s commercial card clients and their suppliers,” said John Skinner, head of commercial cards at JPMorgan.”

Payment Networks 76

Payment Networks Business Payments Commercial Card B2B 76

PYMNTS

FEBRUARY 10, 2020

. “Many organizations have long struggled with the challenge of gaining real-time visibility into purchases made on corporate cards, and, as a result, they were unable to get an accurate and timely picture of employee spend,” said Ted Power, chief product officer of Emburse.

Commercial Card 52

Commercial Card Reconciliation B2B Automation 52

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

Fintech Finance

AUGUST 23, 2024

SetldPay provides solutions for any kind of prepaid card program including gift cards, fuel cards, travel & FX, B2B and commercial cards. A key USP for SetldPay is their automated funds flow that allows just-in-time funding to minimise pre-funding requirements and massively simplify reconciliation.

Issuers 98

Issuers Process Reconciliation AML 98

PYMNTS

JANUARY 23, 2019

The card number is automatically generated once the PO is approved, with payment only made for the designated supplier and amount. The Coupa Pay solution also includes automated reconciliation with the initial purchase order, the companies noted in the press release.

Card Issuer 75

Card Issuer Issuers Reconciliation Commercial Card 75

PYMNTS

OCTOBER 14, 2016

American Express is a top player in the commercial card space but is perhaps best known in the B2B space as a provider of solutions for larger corporates. The credit card giant has teamed up with a familiar face in the SME FinServ industry, however, to heighten its presence among smaller firms. Reports on Thursday (Oct.

Finance 74

Finance Commercial Card Small Business B2B 74

PYMNTS

JUNE 26, 2018

American Express (Amex) and Amazon have teamed up to release a new commercial card product designed for small businesses (SMBs) buying on the Amazon platform. Announced today (Tuesday, June 26), the co-branded card for SMBs in the U.S. Amazon and Chase have an existing relationship to offer consumer card solutions.

Small Business 59

Small Business Credit Cards Commercial Card Reconciliation 59

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

OCTOBER 23, 2018

Amazon Business is bolstering its services for small businesses through a new co-branded commercial card with American Express as well as enhanced Prime features for business users. Further, small businesses can obtain heightened visibility into transaction data for reconciliation, accounting and spend management purposes.

Commercial Card 76

Commercial Card Small Business Reconciliation Credit Cards 76

PYMNTS

DECEMBER 2, 2020

Witness the rise of commercial card products and rebates over the past several decades, where Aquilina said “the focus really generated heat around the buyer and the cardholder that was absolutely not matched by banks on the supplier or merchant side.”. Suppliers have been pretty much forced to accept cards.

B2B 79

B2B Innovation Commercial Card Push-to-Card 79

PYMNTS

NOVEMBER 16, 2020

This milestone is another step in the journey away from paper-based frustration, incomplete data and manual reconciliation work — to a fully-digitized business payments process.”. Mastercard also recently rolled out the Track Card to Account Transfer in the Asia Pacific region, which will help businesses seeking more diverse payment styles.

Visa 81

Visa Business Payments Payments Commercial Card 81

PYMNTS

APRIL 11, 2017

earlier this month, Visa simultaneously revealed that it is working with Amazon Business to link its commercial cards within Amazon Business to help clients manage expenses and spending. That includes line-item details, Visa said, with that data able to integrate into reconciliation tools.

Commercial Card 40

Commercial Card Reconciliation B2B Audit 40

Fintech Finance

SEPTEMBER 12, 2024

Morgan Commercial Cards and Oracle Fusion Cloud. With the pre-configured setup, we aim to enhance our workflows along with streamlining our reconciliation process. Morgan Payments to help corporate treasury make informed and smarter decisions. Morgan Payments and Oracle Fusion Cloud ERP is an exciting opportunity. ” J.P.

Treasury 110

Treasury Point-of-Sale (POS) Payments Near Real-Time 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

OCTOBER 8, 2019

Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for Australian businesses. The tool is designed to enable SMBs to pay their vendors with commercial cards, even if that vendor does not accept them. Reports in IT Wire on Monday (Oct.

Commercial Card 57

Commercial Card Small Business Wire Wires 57

Fintech Finance

OCTOBER 2, 2024

While virtual cards offer a dynamic payment option that replaces a physical card number with a tokenized, one-time-use digital version, in B2B payments, some suppliers are still processing virtual card payments manually, including the opening of each email and copying the tokenized card number in their Point-of-Sale (POS) terminal.

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Payments Automation 98

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 Wires 52

PYMNTS

NOVEMBER 3, 2016

. “It’s not only the cost savings of having to print and mail checks and reconciliation pains that go into that existing process,” he said. ” Kaufman pointed specifically to the use of mobile payment solutions, like Apple Pay and Android Pay, which he believes will soon expand their support for commercial cards.

Payments Data 73

Payments Data Payments Commercial Card Reconciliation 73

PYMNTS

AUGUST 5, 2020

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz Card Service. Apple Pay Lands More Commercial Cards. Womply Eases Corporate Card Acceptance.

Commercial Card 63

Commercial Card Online and Mobile Banking Contactless Payments Visa 63

Fintech Finance

MARCH 14, 2024

By adopting this solution, Merex Investment will be able to collect rental receivables into their bank account through commercial card payments made by their tenants in the UAE, including The Beach, City Walk. In addition to this, it also helps their tenants with enhanced working capital while making payments using commercial cards.

B2B 52

B2B Facilitators Commercial Card Reconciliation 52

PYMNTS

SEPTEMBER 22, 2020

The company noted that the product offers a full view and management over business spending in addition to allowing for orchestration, reconciliation and data on spending, according to a Tuesday (Sept. Companies have Mesh Payment’s cardless payment offering take the place of their current corporate card set-up, according to the announcement.

B2B 73

B2B Payments Cross-Border Commercial Card 73

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

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. But we’ve focused on finding new areas of spend for buyers to utilize their cards,” Leavitt noted. But in an interview with Karen Webster, Dean M.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

OCTOBER 2, 2020

Plus, Boost Payment Solutions is collaborating with Visa to provide further automation and flexibility to commercial card issuers, cardholders and suppliers. Boost Partners With Visa To Enhance Commercial Card Use. In today’s top news in digital-first banking, banking startup Dave Inc.

Payroll 52

Payroll Commercial Card Card Issuer Central Bank 52

The Fintech Times

MARCH 16, 2024

By adopting this solution, Merex Investment can now collect rental receivables into its bank account through commercial card payments made by its tenants in the UAE. Shahram Shamsaee , CEO of Merex Investment, commented: “By leveraging Visa’s BPSP solution, we digitise payments, enhance efficiency, and drive transparency.

Reconciliation 59

Reconciliation B2B Commercial Card Non-Bank 59