PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury.

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? The question is seemingly an eternal one in the business realm: build vs. buy. Cost is only one consideration. Where The Banks Are Focused .

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Within the B2B space, especially, technology can improve payments processes that are time-consuming and error-prone. The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

DECEMBER 3, 2020

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. Hernandez touts end-to-end solutions like Mastercard Send as the kind of solution that many treasury banks are adopting.

Treasury 89

Treasury Prioritization Banking B2B 89

PYMNTS

DECEMBER 10, 2019

FIs looking to recruit and keep corporate customers are working to accelerate clients’ B2B payments, with many finding application programming interfaces (APIs) key to delivering compelling payment solutions that are easy for those clients to adopt. Around The B2B API World. Find the full story in the Tracker.

Treasury 52

Treasury Accounts Payable B2B Banking 52

PYMNTS

NOVEMBER 19, 2020

While optimizing B2B payments is often about combating friction at the moment of transaction, the truth is, the B2B payment experience often happens way before any money is ever actually moved. There are many ways that onboarding a new B2B customer can be a headache for suppliers that sell goods and services online.

B2B 105

B2B eCommerce B2C Prioritization 105

PYMNTS

DECEMBER 18, 2020

For the new B2B Payments Innovation Readiness Playbook: Adapting to Cash Flow Challenges Posed by the Pandemic , a PYMNTS and American Express collaboration, researchers surveyed over 2,200 treasury executives from small to large businesses across several verticals. The Most Problematic Areas. percent), manual processes (49.2

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

JANUARY 15, 2021

Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. B2B payments FinTech Qolo has announced a $3.8 Modern Treasury.

B2B 67

B2B Finance Treasury B2C 67

PYMNTS

OCTOBER 6, 2020

At least insofar as 2020 has shaped up, and especially where B2B payments have been concerned. Every company in the world is wrestling right now with their accounts payable (AP) and accounts receivable (AR) and they are pondering why they are still reliant on physical checks. Improving the B2B Customer Experience.

B2B 84

B2B Treasury Communication Accounts Payable 84

PYMNTS

JANUARY 28, 2021

Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way. But it may not be smooth sailing ahead. We’re not just talking about the digitization of fiat,” he said.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

FEBRUARY 10, 2020

FinTech firm Fiserv is partnering with software company SAP to help worldwide B2B companies streamline payments and improve working capital, Fiserv announced on Monday (Feb. ” SnapPay handles the accounts receivable (AR) and accounts payable (AP) processes of large and mid-sized companies. .”

SAP 67

SAP B2B Accounts Payable B2C 67

PYMNTS

SEPTEMBER 19, 2018

The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions.

Treasury 77

Treasury B2B Invoicing Banking 77

PYMNTS

FEBRUARY 10, 2020

Lingering issues of trust and a foggy regulatory climate continue to hold up B2B adoption of faster payments among financial institutions (FIs), but nothing can hold it back. The latest B2B API Tracker gives numerous examples of how this is playing out. What has emerged are exciting new ways to access and monetize banking services.

B2B 59

B2B Treasury Banking eCommerce 59

PYMNTS

NOVEMBER 3, 2020

And B2B payments , too. The $20 trillion in corporate payments done through paper checks represents a staggeringly large greenfield opportunity – and there is any number of ways to modernize B2B interactions (and corporate treasury activities in lockstep). The Big Themes – And The Challenges . That’s where the market’s going.

B2B 82

B2B Treasury Accounts Payable Communication 82

PYMNTS

AUGUST 31, 2020

In addition to steering their organizations through the murky and rocky waters of an economic downturn, treasury departments are securing a place at the decision-makers' table to offer higher-level guidance. Some may say, 'data is the next oil,' but it can't be if the company doesn't have the platform to optimize its use.".

Treasury 74

Treasury Mergers and Acquisitions (M&A) Prioritization Investments 74

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. According to Lansdowne-Higgins, among the biggest challenges in accounts payable today is the data silos.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

NOVEMBER 9, 2020

I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. told PYMNTS. And apparently, he’s not alone.

Accounts Payable 109

Accounts Payable B2B Treasury Accounting 109

PYMNTS

MAY 1, 2020

In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. Many businesses still generate paper checks from the setup of their accounting systems,” Michael Reed, general manager of payments at Deluxe, told PYMNTS. Paper Wait.

B2B 52

B2B Accounts Payable Accounting Treasury 52

PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments. Strengthening B2B Ties. Expanding The Scope. Monetizing The Virtual Card.

B2B 70

B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Citi Taps Khaliq to Lead Treasury and Trade Solutions. Citi Taps Khaliq to Lead Treasury and Trade Solutions. Sweep Raises $1.2

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The bank said in an announcement Tuesday (Sept. Citi said it plans to expand the offering into the U.S.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

DECEMBER 28, 2020

PYMNTS December 2020 Global B2B Payments Playbook done in collaboration with Worldpay makes a simple, somewhat baffling observation: “Many B2B payments are [still] being made over the same rails that firms have leveraged for decades, utilizing familiar payment tools and being supported by the same pre- and post-payment systems.”.

B2B 71

B2B Cash Flow Forecasting Invoicing Leverage 71

PYMNTS

FEBRUARY 5, 2020

Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use business-to-business (B2B) APIs securely and optimally. The February B2B API Tracker explores the hesitancy toward APIs, as well as how third-party providers are using them to provide new business services. Around The B2B API World.

B2B 78

B2B eCommerce Treasury Banking 78

PYMNTS

OCTOBER 14, 2020

Paper checks still remain part-and-parcel of B2B payments for many entities, however, something that can obscure the true state of their cash flow, and that can slow the delivery of funds to waiting employees or suppliers. Digital disbursements therefore appear to be taking a greater role in treasury management.

Treasury 103

Treasury Banking B2B Invoicing 103

PYMNTS

NOVEMBER 25, 2019

German bank N26 is partnering with financial software firm Eurobase International for its treasury management operations, BobsGuide reported on Monday (Nov. Headquartered in Berlin, N26 will use the Eurobase Siena platform to support its treasury management operations throughout most of the Eurozone, U.K., Switzerland and the U.S.

Treasury 56

Treasury Banking Sales Investments 56

PYMNTS

DECEMBER 16, 2020

Transactions can now be directed via six rails, including checks, cards, SWIFT, treasury, blockchain and digital wallet, the announcement stated. At that time, the company said it first debuted the technology to the international B2B payments sector to bolster the transaction experience with greater effectiveness, safety and dependability.

B2B 60

B2B Prioritization Treasury Technology 60

PYMNTS

AUGUST 14, 2020

Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. Treasury is very well-positioned to handle all of these activities,” added Sinha. trillion by 2021.

eCommerce 118

eCommerce B2C Treasury B2B 118

PYMNTS

SEPTEMBER 17, 2019

SMBs using the WePay platform can now see funds deposited into their Chase bank accounts the same day without extra fees, a feature resulting from JPMorgan ’s acquisition of WePay in late-2017. JPMorgan Chase announced a collaboration with WePay last week to enable faster deposits for small business joint customers.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

PYMNTS

AUGUST 27, 2019

26) that its corporate treasury APIs and its CitiConnect API platform have processed more than $26 billion for corporate clients. Citi pointed to account balance inquiries, payment status reports and payments as the most popular API calls processed on the platform. Citi announced on Monday (Aug. ”

Treasury 63

Treasury Foreign Exchange Banking Numbers 63

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting. Customer Choice. Scale is required to innovate, but it’s not enough to have a better solution,” he said. “It

Accounting 53

Accounting B2B Accounts Payable B2C 53

PYMNTS

OCTOBER 29, 2020

Radius Bank has advanced in its relationship with application programming interface (API) firm Treasury Prime with the rollout of its Commercial API Banking Platform and sandbox testing technology, according to a Thursday (Oct. The Radius API checking account lets business customers use their own operating systems to handle their banking.

Banking 72

Banking B2B Treasury Cash Management 72

PYMNTS

APRIL 28, 2020

CIT Group will add a new level of B2B payment functionality to the software from workflow solutions provider Fintainium , aiming to make accounts payable (AP) and accounts receivable (AR) functions easier on small- and medium-sized businesses (SMBs) amid the coronavirus pandemic, according to a press release.

B2B 56

B2B Accounts Payable Treasury Accounting 56

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Yet, as innovators have chip away at friction points, they have recognized the value of incorporating a supplier’s accounts receivable (AR) experience into their solutions. “The person receiving it is just happy to get paid.”

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. From a technical perspective, virtualization allows firms to integrate file-based and API-based functionality into their ERP infrastructure, procure-to-pay and treasury management platforms in an automated fashion.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

DECEMBER 12, 2019

There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Out with the Old.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

MARCH 6, 2020

We have deep dives into treasury application programming interfaces (APIs) and buy now, pay later (BNPL), as well as a report on Robinhood ’s trading app outage that occurred earlier this week. UK Moves Closer to Big Four Accountancy Breakup. HSBC on the Next Phase of Treasury APIs (B2B API Tracker).

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. There are a lot of treasury management issues out there that need to be addressed,” he told PYMNTS in a recent interview.

Accounts Payable 57

Accounts Payable Accounting B2B Reconciliations 57