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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device. Synchronous vs asynchronous payments Two distinct payment flows were tested: Synchronous: where activity is required from both payer and payee in real-time.

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AP Innovators Increasingly Turn Attention To Supplier Friction

PYMNTS

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

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Finserv Players Multitask With B2B Billers And Payers

PYMNTS

Bank introduced a new eBilling tool also designed both for billers and payers. Designed to take the guesswork out of AP, Bank of America’s new Accounts Payable Optimization solution is certainly marketed as a tool that reduces friction for corporate payers. Bank Targets Both Billers and Payers.

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Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

PYMNTS

Push, or credit, transactions see payers instructing their banks to send money from their accounts to recipients’ accounts, whereas pull, or debit, transactions have recipients’ banks extract money from payers’ accounts. Payers provide PINs or signatures, which grant recipients permission to extract funds.

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Seller Platforms And Digital Marketplaces Define B2B Payments For 2021

PYMNTS

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. Speed will be key in several workflows of the B2B commerce experience.

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NIFT, Haball Collab On New Rail To Digitize B2B Payments In Pakistan

PYMNTS

On the contrary, B2B payments have issues such as large transaction values, complex supply chain decisions and authorization mechanisms, and context behind payments and reconciliation. And while some banks might offer more digital options for corporate clients, those solutions are often closed-loop, limiting the operability between banks.

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Visa Turns To V-Cards With Billtrust For AR Automation

PYMNTS

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct.