PYMNTS

NOVEMBER 23, 2016

.” In other words, it’s not just the fact that real-time payments capabilities are faster that makes them so attractive to corporate payers. The added benefits, like deeper data attached to a payment and enhanced traceability, mean the technology can offer businesses deeper insight into a transaction.

Real Time Payments 73

Real Time Payments Payer Faster Payments Payments 73

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”.

SWIFT 60

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

SEPTEMBER 27, 2018

In March, the Hong Kong Monetary Authority (HKMA) announced plans to introduce a faster payments system that will link into 20 banks and eight electronic payment operators, with payers able to use mobile phone numbers or email addresses to make payments in the Hong Kong dollar or renminbi.

Faster Payments 65

Faster Payments Funds Transfer Payments Payer 65

Fintech Finance

MARCH 25, 2024

It has since launched numerous Open Banking products, including Confirmation of Payee (CoP), Payer Name Verification (PNV) and Account Information Services (AIS) solutions.

Governance 52

Governance Government Payee Payer 52

PYMNTS

OCTOBER 6, 2016

” When PYMNTS spoke to SWIFT about some of the criticism it’s faced over gpi, Head of Payments Initiatives for the Americas and U.K. Rosenthal said these are the types of issues that corporate payers are most interested in and where gpi focuses its efforts. ” The FinTech boom is loud and growing louder.

SWIFT 75

SWIFT Global Payments Innovation Cross-Border 75

PYMNTS

OCTOBER 27, 2016

Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs. there is evidence that B2B payment practices are improving. In the U.S., Just 14 percent of U.S.

Cash Management 75

Cash Management Small Business B2B Finance 75

PYMNTS

MARCH 31, 2020

For the seller, the payment is then converted to fiat currency based on a fixed exchange rate. TrueLayer, ANNA Money Embrace Payments Initiation. Although bank transfers are a staple for many payment scenarios — B2B payments included — the payment method isn’t without its challenges. In the U.K.,

B2B 77

B2B Payroll Payments Cross-Border Payments 77

PYMNTS

AUGUST 12, 2020

The business payments technology company is rolling out Pay Direct for U.K. corporates, making it easier for businesses to accept online payments. The solution is based on open banking wielding its payment initiation service, enabling Bottomline to use the U.K.’s ’s Faster Payments scheme.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”.

SWIFT 46

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

PYMNTS

JANUARY 2, 2019

Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers. American Express, meanwhile, staked its bets on blockchain with its B2B payments initiatives this year.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

NOVEMBER 17, 2017

At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found less than half of corporate treasurers say having the ability to make a real-time payment is a priority. But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

FICO

OCTOBER 24, 2018

Checking the name on an account will undoubtedly stop some push payment fraud, but it won’t stop it all. The service works within online banking, when a payer goes to make a payment via their online banking portal. Here are six: It won’t work for business to business payments. How Does Confirmation of Payee Work?

Payee 49

Payee Payer Payments Scams 49

PYMNTS

MARCH 18, 2020

While working from home can present a major challenge for AR teams receiving checks in the mail, Biegel noted that more often, businesses are accepting these payments via banks’ lockbox services. Yet payers include a vast array of information with their check payments, and lockbox providers relay that data in different ways.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

FEBRUARY 19, 2019

the company will be taking lessons it’s learned from Europe’s own dealings with late supplier payments and the introduction of faster payment capabilities in the market. “We see faster payments coming into the U.S. where he doesn’t see the same type of regulatory pressure on late payers that the U.K.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

M2P Fintech

MARCH 28, 2024

eCheck eChecks are digital versions of physical checks, offering a secure and convenient method of payment initiated online through the user’s bank account. Push Payments Push payments are a type of electronic transaction where the payer actively initiates the transaction and sends funds directly to the payee.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

PYMNTS

FEBRUARY 18, 2020

“Unlike traditional B2B areas, where the supplier and customer have agreed upon pricing, and it is the exception when the payment amount does not equal the billed amount, “ he told PYMNTS, “it is standard practice in healthcare for a provider to bill one amount only to have the payer decide to pay a completely different amount.”.

B2B 52

B2B Faster Payments Payments ACH 52

PYMNTS

JUNE 15, 2016

Payments need to move with conjoining data regarding the transaction, and any new solution must be straight-forward and easy to use, the firm argued. There are ways that existing payments initiatives are helping to meet the unique challenges of SMEs.

Small Business 40

Small Business Payments Payer End User 40

PYMNTS

JANUARY 14, 2020

APIs support this by empowering real-time account viewing and faster payment services access. Real-time speeds mean payers can precisely time when funds will leave their accounts, precision that can be critical to cash management. Companies need to precisely understand their resources and quickly disburse their funds.

API 52

API Payment APIs and Integration Cross-Border Payments Payments 52

PYMNTS

NOVEMBER 14, 2019

Increasingly, the gold standard for payments is invisibility. Platforms and payment service providers are seeking digital, integrated payment experiences that are so seamless, neither the payee nor payer take much notice that a transaction has even occurred. Such is a standard that is making its way to the payroll space.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50

FICO

APRIL 6, 2020

Businesses who want to make real-time payments can buy software solutions that verify bank account ownership, but of course that is a cost to them and it is not available to consumers. Schemes could look to integrate a “confirmation of payee” service into the real-time payments’ initiation process. Transaction risk analysis.

Real Time Payments 52

Real Time Payments Money Laundering Payee Payments 52

EBizCharge

MAY 15, 2024

Payment Terms: Before the transaction occurs, both parties agree on payment terms, including the payment due date, acceptable payment methods, and any discounts or penalties for early or late payment. Payment Initiation: Once the buyer receives the invoice, they initiate the payment process.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

MAY 7, 2020

.” Virtual checks and application programming interface (API) infrastructures enable seamless integration of electronic disbursement workflows within the rest of the back office to ensure that payment initiation retains the “look and feel” of a paper check payment for the payer.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67