PYMNTS

OCTOBER 31, 2019

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. Take the lockbox, for example. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms. Modernizing the Lockbox.

Lockbox

PYMNTS

OCTOBER 22, 2020

With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction.

B2B

PYMNTS

APRIL 1, 2016

Innovation, said FTNI, is key, but the right type of innovation is even more important. For banks, according to an e-book by payments processing firm FTNI, receivables management is a constant juggling act across corporate customers, and their own internal daily ebb and flow of cash flow.

Remote Deposit Capture

PYMNTS

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. Lawrence Buettner is one member of the industry participating in this effort.

B2B

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. “It really minimizes the disruption.”

Checks