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B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

The vast majority of companies (94 percent) said it is important that faster payments are also “smart,” with the ability to carry remittance data. It remains to be seen whether Same Day ACH will redirect the trend of paper check use back into decline.

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Wells Targets ACH Data Friction In Accounts Receivable

PYMNTS

Wells said Friday (May 19) that it is adding features to Receivables Manager, an accounts receivable service for its corporate treasury clients. Those features include remittance advice matching, ACH and wire repair and an integrated receivables file.

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How AR Can Usher The Legacy Lockbox Into The Digital Age

PYMNTS

Although receiving payment is, of course, critical, without the ability to understand which invoice that transaction is tied to, AR, finance and treasury executives are unable to accurately analyze which bills have been paid, which are late, or which may have an issue with the customer. The Path to Integration.

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

Treasury management software provider TreasuryXpress released an API in 2017 that uses ISO 20022 to convert system data in a treasury management and enterprise resource planning platform into payments to prove compatibility. . NACHA also offers a tool to help firms send ISO 20022-approved remittances data for B2B payments. .

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Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

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. Check and ACH transactions have been around for a long time for a reason.

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For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

Remittance data, linked to payments between providers and insurance players, is critical on both ends of the transaction. ” In verticals like healthcare, claim data can be dozens of pages long and, at present, the market struggles with transmitting that information efficiently whenever payments are made. .”

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B2B Finserv Embraces New Faster Payment Rails

PYMNTS

One of them is Deluxe Corporation, whose Treasury Management Solutions unit announced this week a new plug-and-play check scanner that allows users to more seamlessly begin scanning paper checks and integrating that information into back-end systems. s first new payment rail since ACH launched in 1974.