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The Top Payment Methods For Small Businesses

Stax

Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company. TL;DR You get to choose from traditional payment methods like cash and checks, online payment methods like digital wallets and ACH transfers, and emerging payment methods like BNPL services and cryptocurrencies.

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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

First to test the infrastructure will be Siam Cement Public Company, which will adopt the technology for its procurement and supplier payments operations. Emerging payment rails and digital currencies often tout security as a key value-added differentiator over legacy payment rails.

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How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

Thanks to a lowered barrier to access banking services, more legal cannabis companies — often small businesses — are able to accept digital payments from their consumers, a shift that Muller noted is encouraging the owners of these companies to expand into their B2B operations as well. An Emerging Payments Influencer.

B2B
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Payment Rails Search For Harmony In B2B Payments

PYMNTS

Innovation in the payments arena has provided more rails upon which to move money. In B2B payments, though, legacy tools continue to lead. Local and global ACH transfers are used by 29 percent (the same portion of businesses that write checks to make international payments), while 17 percent use prepaid debit cards.

B2B
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How Banks Can Tap Into The Benefits Of Integrated Receivables

PYMNTS

Instead, they might be making payments with electronic ACH deposits, wire transfers, or some other electronic deposit, which is difficult for the corporate treasurer to reconcile. And, as checks are on the decline and electronic payments are on the uptick, new payment streams are coming in — that is, real-time payments.

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Protecting Accounts Payable From Smarter, Faster Fraudsters

PYMNTS

Faster and emerging payments systems are gaining traction, as nearly half of corporates are using or interested in using new payment services. Each payment type — even if looking at legacy payments systems — has its own set of associated risks, according to Cranston. Paper checks can be altered, signatures forged.

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B2B Payment Innovations Keep Suppliers In Mind

PYMNTS

A majority (55 percent) of corporate professionals identified real-time payments as their top B2B payment service priority, according to the Real-Time Payments Innovation Playbook. This is evidenced by efforts to improve cash flow via virtual and purchasing cards and other innovations for a broader swath of industries. “If

B2B