The Payments Association

DECEMBER 13, 2024

This direct transfer method offers lower costs, enhanced security, and faster processing, making it a compelling alternative to traditional payment systems. Pull Payments: Initiated by the recipient with the payers prior authorisation, commonly used for recurring payments like subscriptions or bills.

Transactions 88

Transactions Payment APIs and Integration Push-to-Card Payer 88

Fintech Finance

JULY 12, 2024

Automatic payment collection and reconciliation will offer them greater visibility, decrease manual admin and free up valuable time. At the same time, payers will benefit from peace of mind, knowing their payments will be taken on the day they’re due, without having to take any extra steps.

Faster Payments 104

Faster Payments Payer Payments Reconciliation 104

PYMNTS

AUGUST 19, 2020

Breaking it down, he pointed to the “three Ps” of differentiation: price, process and pain points. This can come in several forms, but what’s important, said Fordyce, is to optimize the costs and fees associated with cards, checks, ACH and other rails for all parties involved — not just the payer.

Automation 127

Automation B2B Point-of-Sale (POS) Payer 127

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Business to business payments, therefore, refer to the payment processes and activities between two businesses. Many B2B payments still rely on manual processes, leading to inefficiencies and human error.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

PYMNTS

DECEMBER 30, 2020

Even if and when paper checks are eliminated from the B2B payments ecosystem, industry experts say there is plenty of friction remaining in other processes and workflows. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

JULY 3, 2020

s Open Banking Implementation Entity has a similar directive, but goes a step further by implementing a rule set regarding API security, messaging and dispute management processing in hopes of making every API in the country meet the same standards. Issuing invoices and processing B2B payments can be simplified through open banking.

B2B 111

B2B Payment APIs and Integration API Payments 111

PYMNTS

JANUARY 6, 2020

The first trend that DadeSystems has noticed is that the cost of processing payments is rising, and that is for a few reasons, according to Chief Marketing Officer Tom Berdan. If they don’t use automation, companies dedicate more people to the reconciliation challenge — but automation can significantly help.

Payer 52

Payer FinTech Reconciliation Automation 52

EBizCharge

MAY 8, 2024

This article will shed some light on ACH check processing fees, explaining each type and how they could affect your financial transactions. What are ACH processing fees? ACH processing fees are charges for processing electronic payments and transfers between bank accounts. What is ACH?

ACH 52

ACH Checks Process ACH Network 52

PYMNTS

MARCH 18, 2020

With so many processes still based on paper, accounts receivable (AR) departments within organizations that are less advanced in their digitization journeys are facing added friction as workers are sent home. .” “Accepting payments via check through company lockboxes can be a very difficult process today,” said Biegel.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

JANUARY 28, 2021

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.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

OCTOBER 30, 2020

In the past, people were a bit lazy in changing their processes towards digital," he said. The focus of the integration remains fixed on the procure-to-pay process, explained Leybaert, with opportunities to optimize this workflow as a result of the automation of data capture and entry. It's all starting from that invoice data.".

XML 110

XML Payer Checks Reconciliation 110

PYMNTS

DECEMBER 11, 2020

In a podcast with PYMNTS, Todd Tracey , executive director at MPX , Deluxe Corporation said online platforms can bring providers and payers together in a way that improves transparency and cash flow — especially when providers are paid for one-off or out of network services. The problem is they just can’t get rid of that check.”.

Payer 67

Payer Checks Push-to-Card Commercial Card 67

PYMNTS

SEPTEMBER 26, 2019

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.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

APRIL 7, 2019

The enhancements improve the payment-to-settlement time, increase security and reduce costs for both payers and receivers by further automating and streamlining reconciliation of the growing number of international payments coming from different countries in different currencies,” the company said.

Cross-Border 62

Cross-Border Cross-Border Payments Reconciliation Payments 62

Stax

JULY 9, 2024

Transactions can be initiated and completed in seconds, reducing the time spent on payment processing. Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. To check, simply contact your payment processing company to confirm.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

JUNE 24, 2019

Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made. However, new small businesses (SMBs) being launched by a new generation of entrepreneurs aren’t bogged down by decades-old processes and systems that limit flexibility and evolution.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

APRIL 8, 2020

— banks do not typically get involved in the intricacies of the customer’s business processes and are usually only involved in posting transactions that need to be done,” Latiff explained in a recent interview with PYMNTS. This is where APIs change the ball game. Making Money Move.

API 99

API Payment APIs and Integration Cross-Border Facilitators 99

EBizCharge

JUNE 19, 2024

Its importance is grounded in several crucial functions: it ensures that payments are accounted for correctly, simplifies the reconciliation process, and helps maintain a precise and updated receivable balance in the company’s ledger. Remittance advice is critical in financial management for any AR team.

Payer 52

Payer Reconciliation Correspondent Wire Transfer 52

PYMNTS

JANUARY 10, 2019

. “The beauty of the virtual card is that it’s the only payment modality today that solves the four biggest challenges in [the] payment process: speed, good funds, reconciliation [and] fraud risk,” explained Blair Jeffery, chief operating officer at payments processing company Noventis. ”

Reconciliation 61

Reconciliation B2B ACH Addressing 61

The Fintech Times

JULY 15, 2024

The new partnership will allow ICE customers to benefit from automated payment collection and reconciliation. At the same time, payers will benefit from peace of mind, knowing their payments will be taken on the day they’re due, without having to take any extra steps. The integration is easy to set up.

Digital Payments 65

Digital Payments Payer Payments Reconciliation 65

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. But as Anderson explained, it won’t be easy for chief finance officers (CFOs) to entirely transform these processes all at once.

Payer 66

Payer B2B Due Diligence Reconciliation 66

PYMNTS

OCTOBER 17, 2017

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.

Automation 47

Automation Reconciliation Card Issuer Payee 47

Fintech Finance

APRIL 22, 2024

Coupa , the margin multiplier company, and Bottomline , a global leader in business payments, announced a strategic partnership to simplify and optimize payment processes for businesses. With Premium ACH, suppliers receive enhanced data and reconciliation information, as well as rich reporting, and can lower their cost of payment acceptance.

Business Payments 52

Business Payments ACH Reconciliation Payments 52

PYMNTS

APRIL 2, 2019

BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP has shaped opportunities for bill payers to get funds to recipients faster than ever, and helps electronic billing providers better process received transactions.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

The Payments Association

MAY 16, 2025

Merchants must ensure their SCA processes are not only compliant, but also commercially effective. Domestic card scheme fee review (report expected late 2025) Alongside interchange, the PSR is reviewing the scheme and processing fees charged by Mastercard and Visa on domestic UK transactions.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

AUGUST 11, 2020

Indeed, solving some of the biggest AP challenges increasingly requires aa strategic focus not just on the payer, but on the supplier accepting that transaction. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either.

B2B 110

B2B Payments Wire Wires 110

Fintech Finance

FEBRUARY 5, 2025

The integration also enables merchants to scale — collections and payment reconciliation remain manageable, even as volumes grow in line with their customer base. For their part, payers can use IBP to make secure bank payments in seconds through a simple payment link.

Payment Reconciliation 52

Payment Reconciliation Payer CRM Service Provider 52

PYMNTS

JANUARY 12, 2021

The same level of control and oversight that business managers are able to obtain when arming employees with virtual cards to spend company funds is a valuable asset in controlling procurement spend, too, while the data generated from these transactions can also strengthen efforts to automate reconciliation and analyze spend.

B2B 91

B2B Payments Commercial Card Best Practices 91

PYMNTS

JANUARY 22, 2021

OneSource Virtual (OSV) has rolled out its Invoice Pay offering, which lets its Workday clients make payments and control vendor payment choices, as a supplement to its invoice imaging, coding and approval process tools, according to a Thursday (Jan. 21) announcement. Invoice Pay, which is fueled by J.P.

B2B 66

B2B Payments Blockchain Payee 66

PYMNTS

AUGUST 12, 2020

The FI will integrate nCino’s Bank Operating System with a focus on streamlining commercial and small business financing, with their tie-up first targeting Small Business Administration (SBA) loan processing to support SMBs through the pandemic. ’s Faster Payments scheme.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

NOVEMBER 20, 2018

Innovators large and small are addressing some of the many friction points of paying suppliers with a commercial card, from a lack of vendor acceptance to inefficient reconciliation to cybersecurity risks. Those cost benefits can result from lower interchange fees or the reduced cost of processing a card payment, compared to paper checks.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

PYMNTS

OCTOBER 2, 2019

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Discover Targets Reconciliation Data. Vroozi Pay Eyes Vendor Relations.

Commercial Card 52

Commercial Card Innovation Payer B2B 52

PYMNTS

JUNE 12, 2019

For CGI, that emerged in the form of a partnership with Ordo to develop a new payment service, connecting billers and payers in a secure, streamlined fashion. In addition, promoting the digitization of corporate payments could help “that dialogue between the biller and the payer,” he said.

Overlay Service 54

Overlay Service Payment APIs and Integration Payer B2B 54

PYMNTS

NOVEMBER 13, 2020

This can be particularly troublesome for businesses waiting to receive payment, while for payers, the cost associated with these transfers is another common pain point. Enabling real-time payments via Interac can not only help to mitigate those challenges, but also introduce value-added functionality for SMBs.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

FEBRUARY 28, 2019

Use of checks, cash and paper-based reconciliation was rampant. Payments were often manually reconciled using spreadsheets, and the process was rife with opportunities for mistakes, Alt said. Different stakeholders have different needs, however, and it is important to provide interfaces tailored to various types of payers and payees.

Reconciliation 43

Reconciliation Payments Payee Payer 43

Fintech Finance

JANUARY 31, 2024

Now, finance departments using Acumatica can accelerate AR processes to reduce days sales outstanding (DSO) and speed time-to-cash, all with zero transaction fees. Additionally, AR staff can utilize full reconciliation automation and feeless bank-to-bank payment options that eliminate card fees.

B2B 52

B2B Payer Payments CRM 52