EBizCharge
MAY 31, 2024
This mitigates the need for manual data entry or interpretation of remittance advice, allowing for a more accurate and expedient reconciliation process. What is remittance data? Remittance data comes in many forms, such as checks, bank transfers, or electronic remittance formats.
PYMNTS
NOVEMBER 17, 2020
Mastercard's account-to-account (A2A) capabilities within Track BPS have tackled that point of friction by standardizing remittance data formats, allowing buyers to know exactly what information to include in a transaction, and enabling suppliers to know what data they're going to be able to get out of it.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
NOVEMBER 19, 2020
Through integration with enterprise resource planning (ERP), the A2A solution enables a more seamless B2B payment experience for both buyer and seller while both sides also gain access to rich remittance data, the company noted. Businesses Drive Australia's NPP Adoption. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments.
PYMNTS
MARCH 3, 2020
In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. Mitigating risk and establishing clear payment terms from the outset is only the beginning of the AR optimization process. A Trusted Relationship.
PYMNTS
SEPTEMBER 7, 2020
banks began to limit small businesses’ ability to draw down on their revolving credit lines in an effort to brace for and mitigate inevitable market volatility. In late-March, Bloomberg reported that large U.S. As a result, SMBs struggled to access the capital they needed to survive what was, for many, a complete ceasure of revenue.
PYMNTS
JUNE 13, 2019
Popular use cases that have emerged in recent years include blockchain’s potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions.
PYMNTS
DECEMBER 3, 2020
Many are tightening their belts in the hopes of mitigating persistent cash flow shortages that are dragging on their bottom lines. . Embracing cross-border digital payment innovations is critical to mitigating the excessive costs and frictions of relying on old-school cross-border payment rails.
Expert insights. Personalized for you.
Let's personalize your content