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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

Mastercard allows the wallet holders in Wirex to use their cryptocurrency for day-to-day transactions,” explained Ashok Venkateswaran , Mastercard Blockchain and Digital Assets lead for Asia Pacific, according to the publication. Now, with Mastercard, Wirex has become its first crypto card licensed principal member.

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One Inc Launches Advanced 835 Remittance Solution, Enhancing Provider Payment Efficiency in Workers’ Compensation and Beyond

Fintech Finance

The enhanced ERA functionality within ClaimsPay enables insurers to effortlessly generate and distribute standardized 835 remittance files directly to hundreds of thousands of providers’ Revenue Cycle Management (RCM) systems.

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Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

It replaces ISO 15022, which has been in place since 1992 and was designed to overcome interoperability and integration challenges between different clearing systems, improving the transparency and speed of transaction data in payments messages.

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What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

Achieving this goal in improving B2B payments means moving beyond the transaction itself. It’s about the exchange of data and, ultimately, business relationship management.”. The Remittance Challenge. There’s nothing more valuable than remittance data. This is what businesses are asking for.

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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments. .”

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Mastercard Embraces Existing Rails To Drive B2B Payments Value

PYMNTS

We started on the process of seriously thinking through what it looks like to add value to transactions, even if you don't control the underlying rails.". One of most significant changes Mastercard is hoping to drive across the ecosystem is in allowing both buyers and suppliers access to richer transaction data.

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Billtrust Teams Up With Visa to Extend Business Payments Network (BPN) Collaboration

Fintech Finance

Launched in 2018 in collaboration with Visa, Business Payments Network seamlessly links suppliers to their buyers through connectivity to their preferred bank and payables providers, radically simplifying payment acceptance through straight-through processing of virtual card payments and capture of all available remittance data.