EBizCharge

MAY 31, 2024

By streamlining financial processes, this innovative technology plays a pivotal role in modernizing company operations. Automated cash application software is a cutting-edge technological solution designed to streamline the process of applying incoming payments to the correct customer accounts and invoices. What is remittance data?

Automation

PYMNTS

NOVEMBER 17, 2020

Mastercard's account-to-account (A2A) capabilities within Track BPS have tackled that point of friction by standardizing remittance data formats, allowing buyers to know exactly what information to include in a transaction, and enabling suppliers to know what data they're going to be able to get out of it.

B2B

PYMNTS

NOVEMBER 19, 2020

One of the latest adopters of Mastercard's Track solution is Transcard , which announced its A2A capabilities wielding Mastercard technology. The technology is designed to combat fraud for both businesses and customers as an overlay service that operates on top of a range of existing rails. Businesses Drive Australia's NPP Adoption.

B2B

PYMNTS

FEBRUARY 26, 2020

With technology to sit in the middle of a buyer-supplier relationship, solution providers can offload some of the supplier management burden on the buy-side. There’s nothing more valuable than remittance data. This is what businesses are asking for. Centsoft, Quickbooks Deepens Buyer-Supplier Connectivity.

Accounts

PYMNTS

OCTOBER 26, 2018

In an earlier interview with PYMNTS, Ben Peters, chief operating officer at insurance payments solutions company VPay, said a lack of remittance data may be partially to blame for ACH’s lack of ubiquity. In corporate banking and payments, the challenges that arise can be vast. But even as regulators like the Fed in the U.S.,

Remittance Data

PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated.

Blockchain

PYMNTS

JANUARY 25, 2019

Real-time access to data is a driving force behind enterprise modernization. It is, in part, why businesses are digitizing and adopting technology, as they look toward software solutions that can unlock information more quickly. The race to digitize has introduced a new conundrum in corporate data management, however.

API

PYMNTS

OCTOBER 1, 2019

The vendors, meanwhile, can have access to more detailed remittance data. JAGGAER ONE offers businesses a unified platform on which they can generate purchase orders, receive and process invoices, and initiate payments to suppliers.

Commercial Card

PYMNTS

DECEMBER 21, 2016

The NBA’s Orlando Magic may not be the first franchise that comes to mind when one thinks of B2B payments technology, but Viewpost changed that with its announcement Tuesday (Dec.

B2B

PYMNTS

AUGUST 15, 2019

Achieving widescale implementation also means getting FI technology providers — such as IBM, Fiserv and FIS — to also use ISO 20022, George Throckmorton, managing director at NACHA – The Electronic Payments Association, said in a recent PYMNTS interview.

ISO 20022

PYMNTS

NOVEMBER 13, 2019

The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers. Morgan commercial card clients and their suppliers can now benefit from automated payment processing and remittance posting,” said J.P.

Automation

PYMNTS

NOVEMBER 13, 2019

The strategic collaboration aims to improve cash flow and automate the exchange of remittance data while improving operational efficiency for both buyers and suppliers. Morgan commercial card clients and their suppliers can now benefit from automated payment processing and remittance posting,” said J.P.

Automation

PYMNTS

JULY 16, 2020

Working with financial technology providers that can facilitate straight-through processing means suppliers themselves won’t be faced with the friction of manually re-keying card details into their own systems, either. . There are several strategies finance and AP teams can take to migrate as much spend as possible to v-cards.

ACH

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. “We see really high adoption of virtual cards.”

Faster Payments

PYMNTS

FEBRUARY 4, 2020

“There is an expectation that when there is some form of transaction between trading partners, usable data will also flow between them,” said Leavitt. Even the least sophisticated accounting systems have an ability to organize remittance data into usable information. Data’s Favorite Payment Rails.

Commercial Card

PYMNTS

SEPTEMBER 12, 2019

Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and Chief Executive Jim Kaitz in a statement this week.

AFP

PYMNTS

DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. After that, Leavitt explained, cards can’t be used for the transaction.

Faster Payments

PYMNTS

MARCH 28, 2017

But as with any payment technology, gaining traction can be an uphill battle. It’s not the first time Viewpost has revealed its confidence in v-cards , known as a safer, more efficient payment method in B2B payments by proponents of the technology. Among the biggest hurdle is suppliers that don’t accept cards as payment.

Push-to-Card

PYMNTS

DECEMBER 20, 2018

Yet in reality, he said, remittance data – or lack thereof – can be just as big of a factor in suppliers’ decisions not to accept cards. Plus, virtual card technology is flexible enough to address that wide array of needs across the supplier community.

B2B

PYMNTS

OCTOBER 2, 2019

This week, Discover announced a new partnership with procure-to-pay firm JAGGAER , whose JAGGAER ONE platform will integrate Discover technologies to enable businesses to make payments to their suppliers using Discover virtual cards and, eventually, other payment methods. Vroozi Pay Eyes Vendor Relations.

Commercial Card

PYMNTS

JUNE 22, 2016

“The root of these inefficiencies is that businesses rely on paper for most of their orders and invoicing, and they receive customer remittance data in inconvenient formats, such as paper, email or fax, that must be rekeyed for reconciliation,” IOFM explained.

Automation

PYMNTS

APRIL 1, 2016

Speaking in terms of technology infrastructure, cloud-based solutions increasingly provide the flexibility, configurability and cost savings corporate banking customers are asking for.

Remote Deposit Capture

Fintech Labs Insights

OCTOBER 6, 2015

The eCheck is cutting-edge technology combining the best of check writing with the convenience of email, giving businesses a fast, easy payment solution. He invented secure email technology for business that was acquired by Microsoft, where Mr. Tribble then led development of security and compliance features for Microsoft Exchange.

Remittance Data

EBizCharge

JULY 16, 2024

Data security in line with NACHA standards involves thorough measures that uphold the confidentiality and integrity of customers’ financial information, contributing to a secure ACH network. CTX transactions are also common for invoice settlements and other financial interactions that benefit from detailed record-keeping and reporting.

NACHA

PYMNTS

AUGUST 7, 2018

Discover’s participation revealed another key strategy for the directory, however: the use of distributed ledger technology to operate and maintain information. Data security is also why, though it’s is a viable technology for data management, blockchain may not yet be ready to actually facilitate movement of money. “In

B2B

PYMNTS

JULY 1, 2019

Blockchain has potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions.

Cross-Border Payments

PYMNTS

MAY 7, 2020

Remittance data is one of the strongest factors driving suppliers’ continued preference for checks, Reed explained, so any technology that aims to digitize payment cannot afford to ignore its importance. But addressing payee needs is just as critical to easing the digital migration.

Checks

PYMNTS

JUNE 26, 2019

Players in payments and commerce keep trying to get their heads around blockchain technology, seeking out use cases and striving to determine if the reality can ever live up to the hype. Much confusion, and even false promise, surrounds the technology, which is often primarily associated with the world of cryptocurrencies.

Use Case