PYMNTS

OCTOBER 22, 2019

Bank , each of which launched new accounts payable (AP) offerings that impact the biller-side of the transaction. Bank introduced a new eBilling tool also designed both for billers and payers. Bank Targets Both Billers and Payers. Finally, U.S. Bank of America Optimizes Payment Choice. Last week, the bank announced its U.S.

Payer 40

Payer B2B Commercial Card Faster Payments 40

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. Buy now, pay later is exploding and has the potential to burst," he said.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

AUGUST 19, 2020

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. Again, noted Fordyce, this can take many forms — from automating invoice reconciliation to addressing a user’s resource constraints.

Automation 127

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

PYMNTS

SEPTEMBER 26, 2018

Users can view transaction activity and manage online banking entitlements, the bank explained. The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Citi said it plans to expand the offering into the U.S.

Accounts 75

Accounts Payment APIs and Integration Liquidity Management Treasury 75

Fintech Finance

OCTOBER 17, 2024

It also effectively addresses specific payment scenarios that traditional methods typically cannot accommodate, including invoices and high-value transactions. This innovative solution particularly caters to businesses that handle high-value transactions, such as those in specialty retail, the public sector and B2B payments.

Accounts 96

Accounts Cross-Border Payer Payments 96

PYMNTS

NOVEMBER 25, 2020

In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. Technology that can not only optimize a B2B transaction, but can also loop directly into both buyers' and sellers' systems, will be key to cutting the friction.

B2B 116

B2B RTP Payments Real Time Payments 116

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Payer Financial Debuts New ID Verification Service. Today In B2B, U.K. Plus, Just Cashflow collaborates with Railsbank, and HashCash streamlines its B2B payments offering.

B2B 75

B2B Product Payer Verification 75

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

JANUARY 28, 2021

When it comes to strengthening the B2B payment proposition, oftentimes, tackling friction for only one side of a transaction is no longer sufficient. For the payer, this means interest-free cash flow for up to 55 days, the company said in its announcement. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

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

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. TL;DR Digital payment methods have significantly transformed how we conduct transactions, making physical wallets increasingly obsolete. All you need to use a digital wallet is a smartphone.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

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

JULY 3, 2020

Open banking also allows developers to aggregate bank account data into a single accounting portal, enabling automated reconciliation of the entire data set rather than doing it piecemeal. Issuing invoices and processing B2B payments can be simplified through open banking.

B2B 111

B2B Payment APIs and Integration API Payments 111

PYMNTS

SEPTEMBER 28, 2016

In a separate statement, Argo CEO Luigi Botto pointed to the benefits virtual cards can have for corporate payers. “With WEX payment solutions and Argo, our clients will have better control over their cash flow and will gain operational agility by automating payments and reconciliation of travel expense,” the executive said.

Payer 64

Payer Push-to-Card B2B Reconciliation 64

PYMNTS

MAY 24, 2017

With lack of visibility into the correspondent banking system a top challenge for B2B payments, SWIFT is rolling out a way for payers to track their cross-border payments in real time. SWIFT gpi targets companies with a global presence conducting cross-border transactions.

SWIFT 43

SWIFT Transactions Cross-Border Correspondent Bank 43

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. The issue of reconciliation remains one of the largest challenges for companies of all sizes. However, progress is gradual.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

APRIL 30, 2020

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. Based on the ISO 20022 framework, the CFT will provide detail on transactions, the press release stated.

B2B 67

B2B ISO 20022 Interoperability Funds Transfer 67

PYMNTS

APRIL 8, 2020

“[Under] traditional-style approaches — where [a business client] basically tells the bank, ‘Can you make 50 payments for me?’ — 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.

API 99

API Payment APIs and Integration Cross-Border Facilitators 99

PYMNTS

NOVEMBER 23, 2020

As Lapusneanu noted, the ability to marry the data within a FinTech platform like Fiskl with the bank data of the small business user provides a more holistic view of finances and promotes automation in transaction categorization and reconciliation to ensure small businesses are in a healthy cash flow position.

Finance 106

Finance Payment Gateways Small Business Gateways 106

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 Wires Wire 110

EBizCharge

JUNE 19, 2024

This simple, yet essential document can decode transactions and play a role in streamlining accounts receivable (AR) operations. By providing a detailed record of each transaction, remittance advice helps prevent errors and discrepancies, aids in tracking outstanding payments, and enhances overall cash flow. What is remittance advice?

Payer 52

Payer Reconciliation Correspondent Wire Transfer 52

PYMNTS

NOVEMBER 13, 2020

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations. API integrations can make it easier than ever for third-party FinTech solutions to enhance their own payment capabilities.

Real Time Payments 75

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

PYMNTS

OCTOBER 30, 2020

Through artificial intelligence, we can do cash flow predictions, we can monitor the behavior of payers, which have direct implications on the cash that you have to pay your suppliers," he said. They can pay it immediately, without typing in data because it's already extracted for them," said Leybaert.

XML 110

XML Payer Checks Reconciliation 110

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 Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. Review acquirer contracts for flexibility around fee changes.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

APRIL 2, 2019

Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds. . BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP in the Bill Payments Realm.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

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

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

PYMNTS

JANUARY 12, 2021

With T&E transactions looking so much like consumer payments, corporates often view T&E as the low-hanging fruit of optimization. A Corporate Spend Convergence. One factor behind T&E as an early adopter of virtual cards has been universal acceptance.

B2B 91

B2B Payments Commercial Card Best Practices 91

PYMNTS

JANUARY 22, 2021

iBanFirst Debuts Payment Tracker For B2B Transactions Visibility. The feature will be available for both payers and payees, and it will offer live updates on the status of international payments at all stages of the fund transfer process, the release stated. To use Indy, users link the service to their bank accounts.

B2B 66

B2B Payments Blockchain Payee 66

PYMNTS

JANUARY 13, 2021

All too often, he said, bringing automated payments processes and reconciliation, as well as improved cash collections, are not viewed as offering significant enough returns on investment. With virtual cards, he said, a portion of that interchange rate gets shared with the payer.

Process 94

Process AI Accounts Lockbox 94

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. Card interchange rates vary based on whether the transaction is a card-present or card-not-present (CNP) transaction.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

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

MAY 4, 2020

“From a payer standpoint, this generates revenue in the form of cash back to the payer, and for any company that’s looking to offset the negative impact they’ve experienced from the pandemic, such as loss of business, this is a great way to do that.”

Payer 66

Payer B2B Due Diligence Reconciliation 66

PYMNTS

JUNE 20, 2017

The bank said in news Monday (June 19) that supporting use of a mobile wallet solution for corporate payers can help business travelers streamline transactions with online payments and expensing while boosting security. Instead, the mobile pay app creates a virtual card number unique to each transaction. labor force. .”

Online and Mobile Banking 44

Online and Mobile Banking Commercial Card Payer Card Issuer 44

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