Remove Accounting Remove B2C Remove Currencies Remove Foreign Exchange
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B2B Use Cases Drive Up Real-Time Demand

PYMNTS

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S. and abroad.

B2B 56
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Western Union Rolls Out Full API Access For International Payments

PYMNTS

This new set of APIs offers users a way to “integrate their financial institutions, accounting and enterprise resource planning ( ERP ) systems and their account on GlobalPay,” according to the release. Domestic and cross-border payments are supported in over 130 currencies.

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How Subscriptions Complicate Cross-Border B2B Payments

PYMNTS

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

B2B 40
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Deutsche Bank Links Faster Payments To Faster FX Management

PYMNTS

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

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Citi On Treasury’s Real-Time Reality

PYMNTS

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. Cash management becomes a continuous process, throughout the business day.

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Faster Payments Make Inroads In Corporate Treasury

PYMNTS

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As