PYMNTS

OCTOBER 29, 2019

Developers are increasingly exploring how to address some of the biggest B2C payment friction points in the market, most notably the pain of renters making monthly payments to landlords, often via paper check or clunky, fee-heavy online payment portals. All types of real estate sectors have different accounting and financial needs.”

B2C

PYMNTS

FEBRUARY 19, 2018

The newest PYMNTS eBook is full of expert insight into the future of B2B payments, from commercial cards to accounts receivable. This week’s B2B Data Digest pulls some of the highlights from that eBook and serves up the numbers behind the forecasts. — $20 trillion: the expected valuation of the B2B payments market.

Numbers

PYMNTS

OCTOBER 19, 2016

Payscout cited a report from global consulting firm Accenture and AliResearch, which predicts that by 2020, China will be the largest cross-border B2C market with over 200 million Chinese consumers expected to be cross-border shopping within five years. Here are the numbers. $1

eCommerce

PYMNTS

MARCH 10, 2020

In an interview with PYMNTS, Matt Wilcox, senior vice president of payments innovation at Fiserv , said recent data points show that an increasing number of financial institutions (FIs) are determined to satisfy a real demand for real-time transactions. Streamlining the Onboarding Process. Building Trust .

B2C

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. How about a bigger number, though equally disquieting? Three percent of, well, anything is not a lot. After all, faster payments impact cash flow, too. Why B2B Lags.

B2C

PYMNTS

APRIL 7, 2020

Being able to track the flow of funds and correctly auto-post those funds to an invoice-level based accounts receivable (AR) system, said Diegelman, can be difficult. As a result, a number of disconnected data streams become a single thread that is the payment’s life history from point A to point B.

Leverage

PYMNTS

DECEMBER 16, 2019

However, B2B payments are not the same as B2C, largely thanks to high transaction sizes and volumes, as well as expanding fraud risks. There are a number of FinTechs coming through, and more and more competition drives prices down and service levels up. It’s built a lot more competition, which is key,” he said.

Compliance

PYMNTS

OCTOBER 9, 2019

Subscription-based offerings can be key to helping business-to-consumer (B2C) companies establish long-running relationships and lock down more predictable revenue streams. Credit card transactions may not go far in India, however, where less than 3 percent of bank account holders reportedly have such payment instruments.

B2C

PYMNTS

MARCH 2, 2020

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. Many of the emerging payment scenarios are business-to-consumer (B2C), Mason explained, and stretch into many verticals. From Gig Workers to Rebates.

B2C

PYMNTS

JUNE 20, 2019

According to PYMNTS data, more than 60 percent of digital platforms say too many false positives are a significant point of friction in the conversion process — and more than 30 percent say it’s their number-one challenge. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

B2B

PYMNTS

AUGUST 10, 2020

Credit and debit card payments accounted for 75.3 One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it. billion in annual business-to-consumer (B2C) transactions still conducted by check. trillion in 2018, marking a $10.25

Banking

PYMNTS

JANUARY 15, 2018

In the January PYMNTS.com B2B API Tracker , powered by FI.SPAN, the numbers present a picture of the B2B payments ecosystem embracing APIs to become faster, more agile, and more global. 135: the number of currencies supported by Payment Rails ‘ new API and white label payment platform.

B2B

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Accounting

PYMNTS

JUNE 6, 2018

based bank accounts and receive payments by the same means. That bank will manage funds to be disbursed before those funds are given over — “pushed,” in fact — to individual accounts through Faster Payments. The firms said that only a very small number of accounts in the U.K. less than 0.1 less than 0.1 The first U.K.-based

Accounting

PYMNTS

JANUARY 25, 2019

In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. Consumers are used to having any number of payment options on offer when they’re ready to push a buy button onscreen, at any time of day. Forrester Research found that, in the U.S.

B2B

PYMNTS

MAY 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” These firms and providers no longer need to go through “50 operating environments to manage currencies and local rails.

B2C

PYMNTS

MARCH 13, 2020

Apply Financial’s main product Validate, which allows customers to validate payments automatically, makes use of cloud technology to let firms submit the exact pinpointed numbers for bank accounts and payment details. The move is in line with the general trend toward faster payments.

B2C

PYMNTS

JANUARY 11, 2021

Once considered the head of number-crunching and cash management, treasurers today have transformed into enterprise leaders, using payments and finance digitization as an opportunity to pivot toward new business models and drive strategic growth for the entire enterprise. Spearheading many of those efforts was the corporate treasurer.

Treasury

PYMNTS

NOVEMBER 12, 2020

The renewed interest in contactless issuance was driven by a number of factors, noted Sievert, including the expiration of the “first wave” of chip cards, which gave issuers an opportunity to upgrade their cards to contactless. Card and digital transactions account for the remaining 40 percent, representing a greenfield opportunity (i.e.,

B2C

PYMNTS

MARCH 12, 2020

She noted that firms such as PULSE have enabled payments functionality spanning push payments, peer-to-peer (P2P) and business-to-consumer (B2C) for the past decade and that operating rules require funds to be available in customer accounts within 30 minutes.”.

B2C

PYMNTS

FEBRUARY 7, 2020

Within finance and accounting departments, digitization is quickly expanding from encouraging a shift toward electronic documents and adoption of enterprise apps to wielding technology in an effort to optimize operations beyond number-crunching. Accounts receivable (AR) is also increasingly joining this conversation.

Corporate Finance

PYMNTS

FEBRUARY 6, 2019

Coverage includes Deposit Solutions ’ rollout of business-to-consumer (B2C) open banking channel Savedo in Switzerland. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. In the U.K. ,

Retail

PYMNTS

OCTOBER 29, 2020

Deluxe is in a unique position from which to view corporates’ preferences in how they pay, as it has a legacy check printing unit (which McCarthy said accounts for less than 40 percent of its business). Such online platforms, he added, can eventually revolutionize B2B payments, and even B2C and C2B transactions.

B2B

PYMNTS

NOVEMBER 22, 2016

It includes benefit payments, too, and in a B2C environment, it could also include payments such as from an insurance company, said Estep. So, there are quite a few instances,” she said, “where people are saying, ‘I want to get my money from my account to your account on the same day.”. But when you look at that 1.9

B2C

PYMNTS

FEBRUARY 28, 2018

Today in PYMNTS data, employees are stealing tens of billions from their employers every year, earnings reports show growth for tech and payments firms, business-to-consumer (B2C) subscription offerings are on the rise, Visa’s Everywhere Initiative is expanding and Hyperledger’s blockchain consortia is adding new members. Just ask Blue Apron.

B2C

PYMNTS

DECEMBER 5, 2017

Fiserv comes to the conversation with 30 years of insider industry knowledge, and on the heels of a year in which it moved more than $75 trillion across 30 billion digital payments in peer-to-peer (P2P), consumer-to-business (C2B) and business-to-consumer (B2C) transactions. In other words, it’s seen some stuff. Alphabet Soup.

B2C

PYMNTS

JUNE 8, 2020

That’s the idea behind VeganPay , a new B2B and B2C payments solution rolled out by VeganNation , a U.K. For some markets, the “build” strategy may be more effective at improving B2B payment workflows that address those nuances. organization dedicated to fostering growth and sustainability of the global vegan community.

B2B

PYMNTS

DECEMBER 6, 2019

Recurring payments can fail for several reasons, including outdated payment card information, insufficient funds in customers’ bank accounts or “do not honor” codes from customers’ issuing banks. Voluntary churn is the more straightforward and common of the two types, accounting for 60 percent to 80 percent of churn.

B2C

PYMNTS

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . The movement of money is initiated when the merchant’s bank requests to “pull” money out of the customer’s account and place it into the merchant’s. The scenario is reversed for push payments.

B2C

PYMNTS

JUNE 18, 2019

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. to fully embrace real-time payments for both B2B and B2C activity.”. Where We Stand In The US.

B2B

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. and every consumer and business with a bank account, regardless of where they bank.

Banking

PYMNTS

MARCH 1, 2019

Linking financial institutions and corporates with its Banking-as-a-Service platform, ONPEX enables FIs to deploy cloud-based account and payment technology to digitize operations and enhance their cross-border corporate payment offerings. Existing investors 83North, Felix Capital and Elaia Partners also participated, reports said.

B2B

PYMNTS

NOVEMBER 7, 2018

Users can identify recipients by their registered mobile phone numbers, FPS IDs or email accounts, rather than through their bank account numbers — a critical feature expected to make businesses feel more secure, Boey said. Not many corporates want to divulge their [bank] account numbers to their customers,” she said.

Accounts Payable

PYMNTS

DECEMBER 3, 2018

From initial launch to 12 months in, the number of payments services providers (PSPs) has more than tripled, and the number of countries that have signed up has more than doubled. With the SCT Inst scheme, he noted, end users can transfer up to €15,000 ($17,004 USD) between accounts 24/7, with a maximum 10-second time frame.

B2C

PYMNTS

OCTOBER 31, 2016

About the same as had been seen last quarter, according to CEO Ajay Banga, who noted that the US is holding relatively steady (as evidenced by the latest GDP numbers) and many markets across Europe are seeing some rebounds, led by Germany, even as Brexit looms large with uncertainty. How fares the global economy?

B2C

PYMNTS

DECEMBER 2, 2019

And as Citi Treasury Advisory Group Head Ron Chakravarti tells Karen Webster, the shift has been one from knowing what’s in the accounts, to knowing what will be there, and when. The change is coming and can be anticipated, across C2C to B2C to B2B — and providing at least some sort of roadmap. There can be literal dark days ahead.

Treasury

PYMNTS

FEBRUARY 21, 2020

B2C trends are bleeding into the B2B space and forcing corporate sellers to become digitally savvy — and fast. Sellers seeking to fend off such scams need to differentiate fake accounts from legitimate ones. The trend is unlikely to abate as younger generations gain greater influence in corporate buying. Detecting Fraudsters.

B2B