This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Deluxe Corporation is augmenting its treasurymanagement solution by integrating a bill presentment and payment processing function into its existing accounts receivable tool. Deluxe TreasuryManagement said in a press release on Tuesday (Oct. Deluxe automates payments and invoice matching for streamlined reconciliation.
One mode supported by Transcard’s new offering is RTP, a faster payment capability that, while quickly gaining traction, may not immediately seem like the right fit for B2B payers looking to hold onto capital as long as possible. On the contrary, said Bloh, RTP isn’t necessarily about speed. Everybody calls RTP a faster payment.
Commercial and virtual cards, meanwhile, support faster payments to vendors while enabling payers to retain their capital for longer, too, as well as the opportunity for rebates and rewards. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.
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. “Companies also are focused on the changing demographics of the U.S. labor force. . labor force.
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. This is a problem for any business, and Cawthorne said the challenge of reconciliation and matching ePayments to eInvoices can be found across verticals.
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. According to PNC TreasuryManagement Executive Vice President and Head of Product Management J.
Merchants will need to ensure PSPs and platforms are authorised to handle regulated stablecoins and that cash flow and reconciliation processes can accommodate digital assets. Assess how stablecoin acceptance will affect treasurymanagement and FX exposure. Monitor FCA and Treasury updates on the stablecoin licensing regime.
It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. “In a macro sense in accounts receivable, it’s this same challenge. Increasingly, companies are receiving payments not only via paper check, but in a variety of electronic methods.
” Payer Pain Points. That’s particularly true as more corporates demand B2C payment capabilities, while still retaining the qualities of a B2B transaction — including the need for heightened traceability, and access to transaction data for reconciliation and analytics purposes.
The pandemic has spotlighted the inefficiencies among payers, receivers, chief financial officers (CFOs), financial institutions (FIs) and others that had been simply accepted as the cost of doing business in simpler, steadier times. Which means: We’re all exposed, sometimes, when the environment changes.
“We want to offer our customers the widest solution, soup to nuts — that means creation of the remittance data, creation of the payment, reconciliation of the payment, treasurymanagement services, the entire spectrum,” he noted, adding that virtual cards can address all of these needs for insurance firms.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content