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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative. European Union Next To Ease Crypto Adoption.

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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.

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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. In Q3, 896 million B2B ACH payments were completed , NACHA said in its latest release , signifying a 10 percent year-over-year increase in volume of B2B ACH transactions. In all, more than 3.3 billion ACH debit and nearly 2.3 NACHA said 43.2

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Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

ISO 20022 incorporates rich structured data and increased field size to provide greater transparency and efficiencies, reducing delays caused by unstructured, incomplete, or inconsistent data.

ISO 20022 105
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Billtrust CEO On Delivering The Perfect B2B Payment

PYMNTS

With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction.

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

The Community Approach to Ubiquity. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys. It’s about understanding clients’ needs and problems, and helping to solve for that,” noted Halpin.

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How Inefficient B2B Payments Systems Hobble Business Growth

PYMNTS

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.”

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