PYMNTS

FEBRUARY 26, 2020

“Enabling seamless communications, integrations and interoperability” means facilitating the flow of transaction data between parties, he said. There’s nothing more valuable than remittance data. They need the remittance data, whether it’s incoming or outgoing, to be able to sync up with their general ledger system.”.

Accounts 72

Accounts Innovation Remittance Data Debit Card 72

PYMNTS

SEPTEMBER 7, 2020

Mastercard in May launched its Track Business Payment Service , again with a focus on working capital optimization for both buyers and suppliers and added value through enhanced remittance data collection and automation. Summer Trips: Canceled.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

FEBRUARY 26, 2020

As the world’s payment market infrastructures and their currencies complete their adoption of ISO 20022, they are reaping the benefits that interoperable and data-rich standard can offer.

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

PYMNTS

JULY 16, 2020

. “We consider a successful adoption rate to be at around 20 to 25 percent of overall accounts payable spend,” explained Anderson, who added that for the remaining transaction volume, organizations can — and should — embrace a mix of other digital payment tools, like physical cards and ACH. Strengthening Cash Flow.

ACH 68

ACH Remittance Data Payments Strategy Checks 68

PYMNTS

SEPTEMBER 12, 2019

It’s a stark contrast from its historical high of 81 percent in 2004, analysts noted, and suggests checks are steadily declining within corporate payments. The AFP’s report was released the same week a range of new electronic B2B payment tools were announced, the latest in a deluge of digital payment solutions emerging in recent years.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

DECEMBER 3, 2020

Making the most of this opportunity will require businesses to move beyond their lingering cross-border payments inefficiencies, as many firms continue to use antiquated ways of sending and receiving funds, resulting in payments that are labor-intensive and lack transparency.

Cross-Border 52

Cross-Border Wire Transfer Cross-Border Payments Wires 52

PYMNTS

DECEMBER 20, 2018

Yet in reality, he said, remittance data – or lack thereof – can be just as big of a factor in suppliers’ decisions not to accept cards. It’s an industry that has evolved on yet another misconception, he said: that suppliers refuse to accept cards because of the added cost of interchange fees.

B2B 65

B2B Push-to-Card Payments Checks 65

EBizCharge

JULY 16, 2024

NACHA focuses on fostering efficient payments, including same-day payment capabilities and developing compliance standards for electronic transactions that reduce fraudulent transaction risks. Through a robust risk management framework and stringent security rules, NACHA strengthens trust in the digital payment ecosystem.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

NOVEMBER 5, 2018

5) announced the launch of the Billtrust Business Payments Network (BPN), an open buyer/supplier payments platform that Billtrust CEO Flint Lane said will do what other B2B payment platforms have struggled to do: put paper checks on the path to extinction by streamlining and digitizing payments between businesses — and doing it at scale.

B2B 78

B2B Checks Push-to-Card Payments 78

PYMNTS

MAY 7, 2020

.” Virtual checks and application programming interface (API) infrastructures enable seamless integration of electronic disbursement workflows within the rest of the back office to ensure that payment initiation retains the “look and feel” of a paper check payment for the payer.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

JUNE 26, 2019

Blockchain is certainly a hot topic when it comes to digital payments and commerce, and more authorities and organizations are trying to gain an edge when it comes to the technology. A recent example of that comes from Nevada. The security benefits of decentralization make blockchain an attractive fit in corporate finance.

Use Case 58

Use Case Real Time Payments Distributed Ledger Technology (DLT) Blockchain 58