PYMNTS

JANUARY 21, 2019

Assessing trends in incoming and outgoing payments, supplier relationships, transaction volumes, purchase order (PO) verses non-PO payments, and Days Sales Outstanding (DSO) timeframes can provide valuable insight into where the low-hanging fruit of opportunity lies. A Holistic View. “It’s a matter of when, not if.”

B2B 75

B2B Remittance Data Payments Process 75

PYMNTS

FEBRUARY 26, 2020

As the world’s payment market infrastructures and their currencies complete their adoption of ISO 20022, they are reaping the benefits that interoperable and data-rich standard can offer.

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

PYMNTS

MARCH 3, 2020

Spear explained that in simple transactions, a high volume of low-value purchases often leads a buyer to providing a large lump sum for multiple invoices with limited remittance advice, creating friction for a supplier to understand how to apply that cash to which particular invoices. The Outsourcing Decision.

Accounts 74

Accounts Underwriting Reconciliation Credit Limit 74

PYMNTS

JULY 16, 2020

. “We consider a successful adoption rate to be at around 20 to 25 percent of overall accounts payable spend,” explained Anderson, who added that for the remaining transaction volume, organizations can — and should — embrace a mix of other digital payment tools, like physical cards and ACH. Strengthening Cash Flow.

ACH 68

ACH Remittance Data Payments Strategy Checks 68

EBizCharge

JULY 16, 2024

The National Automated Clearing House Association (NACHA) governs the operation of the Automated Clearing House (ACH) network , a centralized system financial institutions use to facilitate electronic payments and transactions across the U.S.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

MARCH 28, 2017

People have been trained over and over again that virtual card transactions are very, very expensive, from a card-not-present perspective.”. That’s despite the fact that these smaller companies can account for trillions of dollars’ worth of B2B payments, often transacted via paper check.

Push-to-Card 51

Push-to-Card B2B Payments Commercial Card 51

EBizCharge

JUNE 19, 2024

Remittance advice is a tool used to clearly communicate payments between customers and businesses. This simple, yet essential document can decode transactions and play a role in streamlining accounts receivable (AR) operations. What is remittance advice? What does an example of remittance advice look like?

Payer 52

Payer Reconciliation Correspondent Disputes 52

PYMNTS

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. . “We see really high adoption of virtual cards.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

DECEMBER 5, 2019

Particularly as enterprise digitization progresses, payment data will become ever more important to reconciliation and accounting, and as Leavitt explained, ACH and checks cannot always provide the volume and quality of remittance data that cards can. Delivering What Was Promised.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

OCTOBER 23, 2019

The tools can support small businesses with lower check volumes, while Deluxe is also offering a solution for corporates with high check volumes, both of which address the cost and friction associated with launching traditional USB driver-based scanners. Start From Scratch. s first new payment rail since ACH launched in 1974.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

AUGUST 3, 2017

Commercial cards, and virtual cards specifically, have their place in B2B transactions, Krishna said, thanks to their cash flow management advantages for buyers and suppliers, their security, and remittance data capabilities.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

PYMNTS

JUNE 22, 2016

In B2B payments, accounts payable automation is a hot topic, as are the challenges AP professionals face when it comes to paying suppliers and managing the data from those transactions. But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment.

Automation 42

Automation Accounts Payments Disputes 42

PYMNTS

MAY 7, 2020

According to Reed, Deluxe’s lockbox services process $2 trillion worth of paper check payments every year, and there is no silver bullet to transitioning that volume to electronic payment method all at once. With paper check volumes so large, it can be overwhelming to consider how to digitize all of those payments.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

NOVEMBER 5, 2018

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. Lane doesn’t expect a tough sell since BPN brings instant volume and the largest suppliers in the U.S. Regardless, the underlying issues are the same. as part of the ask.

B2B 78

B2B Checks Push-to-Card Payments 78