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How Small Businesses Ride Their Payment Rails

PYMNTS

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. What is clear, though, is that ACH is a growing part of businesses’ accounts payable (AP) and other payment operations, with industry service providers pushing corporates away from paper checks. today, but it’s not the only one.

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Viewpost, Visa Partner For V-Card Push Payments

PYMNTS

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. Today (March 28), B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards. The reason?

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Why Incremental Card Adoption Is Enough For Better Cash Management

PYMNTS

Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. But the hurdle of card adoption persists.

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For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. That’s because the insurance industry is heavily reliant on payment data, perhaps more so than other verticals. “We see really high adoption of virtual cards.”

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Billtrust And Visa Launch B2B Payments Platform For Buyers And Suppliers

PYMNTS

It becomes harder for the buyer to know how the supplier likes to be paid — cards or ACH, for example — or how to route that transaction once they do know. The new Billtrust BPN, an open supplier network that Lane said they hope will push the industry forward in a big way toward finally killing the check. How It Works.

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