Fintech News
JULY 29, 2025
Funds are automatically deposited, and remittance data is integrated into accounts receivable systems. The product enables issuers and acquirers to connect through Mastercard’s single integration point, facilitating the flow of standardised, secure payment data.
Finextra
JULY 30, 2025
The funds are automatically deposited into the supplier’s account and the detailed remittance data can be seamlessly integrated into the AR workflow. Commercial Direct Payments is a global product innovation initially available in the U.S., with Sakon as the first launch customer.
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Finextra
JULY 29, 2025
The funds are automatically deposited into the supplier’s account and the detailed remittance data can be seamlessly integrated into the AR workflow. Commercial Direct Payments is a global product innovation initially available in the U.S., with Sakon as the first launch customer.
Fintech Finance
SEPTEMBER 17, 2024
With dedicated reference fields that remain unaltered in end-to-end transaction journeys and structured remittance data, transaction reconciliation capabilities will be significantly improved.
PYMNTS
SEPTEMBER 7, 2020
In March, American Express — the largest commercial card issuer — was next in line to face criticism for its commercial card fees, with accusations that sales associates misled small businesses with regards to rewards and fees on the company’s SMB card products. to allow the challenger bank to become a commercial card issuer.
PYMNTS
FEBRUARY 4, 2020
“There is an expectation that when there is some form of transaction between trading partners, usable data will also flow between them,” said Leavitt. Even the least sophisticated accounting systems have an ability to organize remittance data into usable information.
PYMNTS
MARCH 28, 2017
These banks will be the issuer of the virtual cards, Eliscu explained, which exposes them to that multitrillion-dollar market. Eliscu pointed to the rich remittance data that travels with a v-card transaction, along with the tokenization of a card number, that makes virtual cards as useful to a supplier as it is to a buyer.
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