PYMNTS

JANUARY 30, 2020

This week’s roundup of the latest open banking initiatives finds new use-cases in business payments, procurement, corporate cards and more. Mastercard Taps FinTech for Biz Card Boost. Mastercard wants to expand Europe’s commercial card adoption, and is turning to a FinTech partner to help.

Use Case 64

Use Case Payment APIs and Integration FinTech Payroll 64

PYMNTS

OCTOBER 31, 2019

Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

NOVEMBER 4, 2020

Here, then, is where blockchain can be most readily deployed into use cases that streamline international payments — and where J.P. On the global level, Farooq noted, using blockchain as part of an application to confirm details before payments are made can be a game changer, especially for large-value payments.

Blockchain 131

Blockchain Cross-Border Payments Cross-Border Real Time Payments 131

PYMNTS

OCTOBER 2, 2019

The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. Settling funds faster, no matter the use case, benefits the entire ecosystem, and takes liquidity risk out of the equation. The Low-Hanging Fruit.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

FEBRUARY 2, 2021

In a press release , the bank pointed to use cases such as enabling employers to issue virtual cards for employees or suppliers, as well as the capability to establish spending limits and custom expiration dates to enhance spend control. Apollo Bank Adopts CheckAlt Lockbox Technology. PNC Acquires Tempus Technologies.

Lockbox 57

Lockbox FinTech Treasury Management Payment APIs and Integration 57

PYMNTS

OCTOBER 29, 2020

Think about the fact that the use case for a restaurant to accept provisions is unchanged,” McCarthy said — even with the pandemic. He pointed to Deluxe’s own AR solution that can be embedded in enterprise resource planning (ERP) systems, where modules can be added to manage lockbox or other solutions. economy.

Checks 78

Checks B2B Payments Lockbox 78

PYMNTS

NOVEMBER 15, 2019

It’s going to be in a format that is very cumbersome for the supplier to bring into their systems,” he noted, adding that lockbox services and manual data entry costs hit businesses hard. No payment rail is perfect, of course – and historically, commercial cards certainly have their drawbacks in the use case of supplier payments.

B2B 53

B2B Commercial Card Payments ACH 53