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Automation and AI Are Transforming Trade Credit and Collections

Trade Credit & Liquidity Management

Embedded Finance and Real-Time Credit Assessment: Platforms such as CrediLinq use AI to assess creditworthiness instantly, enabling faster, data-driven trade credit decisions within B2B marketplaces.

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For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

For this reason, virtual cards are a rising star in B2B insurance payments, according to Peters. ” In verticals like healthcare, claim data can be dozens of pages long and, at present, the market struggles with transmitting that information efficiently whenever payments are made. “That’s the difficult part.”

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Helping Corporates Get Over The Real Time Payments Hump

PYMNTS

Businesses in lockdown are finding that real-time payments can support the need to move money and execute payments quickly from a remote working environment, he said, while for customers, merchants’ acceptance of faster payment methods supports demand for touchless and online transacting. ” Driving Ubiquity.

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Qonto and Mollie Launch Integrated Solution to Tackle Payment Delays for European SMEs

Fintech Finance

The integration eliminates the need for multiple payment service providers (PSPs) and supports faster payments and centralised financial management.

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Citizens Bank’s Corporate Real-Time Payments Play

PYMNTS

Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. .

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Sage Adds Stripe For Faster SMB Payments

PYMNTS

This means businesses can send electronic invoices to their customers and receive faster payment via credit and debit cards in the U.K. Last December, Sage released a report that found 17 percent of all payments in the U.K. are made late, and 9 percent ultimately have to be written off as a loss.

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The Benefits Of Virtual Cards For B2B Payments

PYMNTS

Suppliers stand to benefit from education around how virtual card adoption will enable faster payment receipt, improve cash flows, and reduce time and money spent on chasing after late or missing funds. The shift to virtual cards is critical to the digital payment innovations sweeping the B2B space.

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