Fintech Finance

MARCH 30, 2025

Global analytic software leader FICO ’s analysis of UK credit card payments data from the past six years has revealed that consumers developed healthier credit card p ayment patterns during the pandemic, and those patterns have not fallen back to pre-pandemic levels.

Consumer

PYMNTS

MARCH 30, 2020

A worker from the company might have to go to the post office, pick up the mail and process the payments within the company. And they don’t have to key in payment data using the capabilities of artificial intelligence (AI) and robotic process automation. Those clients might have to convert that to be a full operation.

Lockbox

PYMNTS

JUNE 24, 2019

In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made.

ACH

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors.

Data Breach

PYMNTS

APRIL 12, 2018

Bank and Mastercard, mobile payments can enhance security for corporate travelers and other business payers because the technology tokenizes payment data, reducing opportunities for card data theft and fraud. In an interview with PYMNTS last year, U.S.

Visa

Fintech Finance

JANUARY 31, 2024

With the new Acumatica integration, accounting teams can achieve accelerated payments, synchronize payment data and achieve more efficiency that serve to increase margins and operational cash flow.” Acumatica users have the option of setting convenience fees, or creating incentives that encourage earlier payment.

B2B

PYMNTS

OCTOBER 11, 2018

Data: 96 percent: Share of social media-based merchants that attribute their success to digital payments. 75 percent: Share of online bill payments done on bill payer sites in 2017. 38 percent: Share of online bill payments made through banking apps in 2010.

Payer

PYMNTS

DECEMBER 8, 2017

Even for business payers themselves, though, virtual card adoption has perhaps been slower than some industry players would like. Leavitt, founder and CEO of Boost Payment Solutions, told PYMNTS that friction remains and holds back v-card adoption. “We But as the virtual card hype builds, some shortcomings have surfaced too.

Payer

PYMNTS

SEPTEMBER 10, 2019

Solutions like Visa B2B Connect are able to address both the need for ease-of-use and access to data through measures like adoption of the ISO 20022 messaging standard, which enables seamless exchange of payment data. B2B vendors often carry the burden of B2B payments friction. Speed Takes Center Stage.

B2B

PYMNTS

FEBRUARY 6, 2020

Faster payments allow firms to unlock improved invoicing terms and just-in-time stock management in addition to receiving their funds quickly. Letting Payments Data Flow. Companies are best positioned to take advantage of payments — instant or otherwise — when additional relevant data accompanies their transactions.

Faster Payments

PYMNTS

JUNE 19, 2018

A prescription delivery program and a deal involving medical payments data show how the healthcare industry is quickly changing as technology develops, and as Amazon prepares its own major moves. First, the news that’s most directly related to payments: Verscend Technologies has agreed to buy Cotiviti Holdings for $4.9

Payer

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

PYMNTS

OCTOBER 10, 2019

The P2P use case is perhaps the most well-known and widely used, giving non-bank players new tools to enable payments between people by using a debit card as a proxy for those transfers. Common forms of pull payments, meanwhile, include debit cards and paper checks.

Real Time Payments

PYMNTS

FEBRUARY 19, 2019

Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., is a lack of remittance data, he said. ” That disconnect can be found in many transactions, whether via faster payments infrastructure or other rails. and Europe have imposed.

Faster Payments

PYMNTS

NOVEMBER 18, 2020

The ability to move money quickly — and to have both the payer and payee know exactly when that transaction occurred — can be an important value-add for businesses that need to get vendors paid quickly to minimize the risk of any supply chain disruption.

RTP

EBizCharge

JULY 15, 2024

Arrears billing and paid in advance represent two fundamental payment methods when settling invoices, each with different payment timelines based on the goods or services provided. The primary difference hinges on whether the payer remits funds before or after receiving the benefit of a service or product.

Disputes

PYMNTS

AUGUST 28, 2019

While financial institutions upgraded their technology to handle electronic batch payments, it was corporates’ systems that prevented quicker adoption. The process added friction not only to payment processes, said Cooley, but also in terms of reconciliation and the ability to access payment data.

ISO 20022

PYMNTS

OCTOBER 31, 2019

Billing and payments are processes that touch the financial lives of every consumer and business. With FinTech innovation yielding more choices than ever for both billers and payers, cost often emerges as the key driver behind what solutions users adopt — both in the business-to-consumer (B2C) and business-to-business (B2B) context.

B2B

Stax

MARCH 14, 2024

Payment gateway Payment gateways are commonly used when services are purchased online, such as with online retailers. But they’re also popular to provide a way for B2B customers to make electronic payments. Payments work by giving the payer a link to complete the transaction.

B2B

Nanonets

SEPTEMBER 21, 2023

The EDI Payment Process The  EDI payment process  involves a series of steps to initiate, transmit, and receive electronic payments. Here is a brief overview of the process: Initiation: The payment process begins with the creation of an electronic payment request by the payer. ACH, wire transfer).

Payment Solutions

PYMNTS

MAY 2, 2019

Payment speed can be dragged down in many ways. For example, the payer company may have a convoluted invoice approval process to complete before it can compensate its small business (SMB) supplier. Additionally, an account-to-account transaction can become seriously derailed by an error like an incorrect bank account number.

Faster Payments

PYMNTS

OCTOBER 10, 2018

counterparts frequently the protagonist offering speedy settlement and robust payment data. Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments.

Wire Transfer

PYMNTS

OCTOBER 31, 2017

One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. It’s the “check’s in the mail” argument that allows businesses to hold onto money just a bit longer between the time they mail the check and the time it’s cashed.

Treasury Management

Stax

JULY 9, 2024

Digital payments incorporate robust security features to protect sensitive information and prevent fraud. Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. What makes peer-to-peer payments unique?

Digital Payments

PYMNTS

OCTOBER 22, 2019

Recipients are often allowed to collect funds within minutes of payers initiating transactions, but the funds take longer to actually move between money transfer operators (MTOs). Sending payments data rapidly also enables quick money movement and processing, something SWIFT has traditionally sought to facilitate.

Cross-Border Payments

PYMNTS

JANUARY 10, 2019

Of course, there’s the issue of lag time with checks that can be a significant pain point for suppliers — and one that is immediately addressed for suppliers while still providing float for the payer. “Data breaches allow for your customers’ data to be captured and [used].

Reconciliation

PYMNTS

MARCH 1, 2019

With traditional payment methods, there are waits between when transactions are authorized and when funds are finally disbursed. Unlocking these benefits without also opening the door to more widespread attacks requires carefully examining security procedures for everything from customer authentication to the transmission of payments data.

Faster Payments

PYMNTS

APRIL 12, 2016

Commercial cards are often a preferred payment choice among payers for their opportunity to build up rewards. The second major benefit to v-cards, according to Vendor Centric, is the strengthened internal controls the payment tool provides. The first is cash rebates. Virtual cards, the report noted, can do the same.

Commercial Card

PYMNTS

MAY 29, 2020

In the craft labor arena, contractors, too, face the threat of late and delayed payments.

Product

PYMNTS

MAY 6, 2019

Settlement delays are inherent in these kinds of pull payments, meaning merchants do not know at the point of sale (POS) if consumers actually have funds. . This is one area in which push payments have an advantage. Payment data is sent alongside push payments, however, providing more rapid reconciliation. .

Push-to-Card

PYMNTS

JUNE 22, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Account Takeovers

PYMNTS

JUNE 29, 2018

But the market’s B2B payments practices present a tougher sell to make the switch from faster, electronic payment technologies, Peters told PYMNTS. That’s because the insurance industry is heavily reliant on payment data, perhaps more so than other verticals. ”

Faster Payments

PYMNTS

AUGUST 3, 2018

King said payers are calling for better ways to pay. . “People are no longer comfortable having a paper invoice,” he said. The customer voice isn’t only influencing how an accounts receivable (AR) department issues invoices, either.

Regulations

EBizCharge

MAY 15, 2024

Payment Authorization: Before the funds are transferred, the payment may undergo authorization processes to ensure security and legitimacy. This step can involve verification of the payer’s identity and authorization of the transaction by relevant stakeholders within the buying organization.

B2B

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