Remove Accounting Remove Compliance Remove eCommerce
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Virtual Account Numbers Facilitate International Digital Banking

PYMNTS

To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. Those numbers allow payments to be routed to regular bank accounts, but with platforms such as on offer by Monneo give online enterprises a single access point to obtain IBANs on offer from a collection of European banks.

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Compliance And Innovation Make Profitable Bedfellows For Banks

PYMNTS

As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy , president of payment technology and innovation firm i2c , said banks have been left behind and should focus on what they do best — compliance. On the other hand, what they’re very good at is compliance.”.

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In Europe, Building The ‘Bridge’ Between eCommerce Merchants And Traditional Banks

PYMNTS

Lilia Metodieva , managing director at Monneo , told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer buying patterns remain fluid — and digital. Even establishing accounts during the great digital shift has been a challenge.

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Bringing The eCommerce Business Model To SMB Accounting

PYMNTS

Accounting firms have become an important collaborator in aiding cloud migrations by small to medium-sized businesses (SMBs), according to Alan Chang, managing director of Singapore Corporate Services (SCS). A New Model For Accounting. But overcoming these challenges is essential.

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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Further, online sellers have been tackling chargeback fraud, which could account for about 86 percent of all chargebacks. Each $1 of fraud costs retailers $3.13. . also known as 3DS 2.0

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How The Corporate Card Eases SMBs Into B2B eCommerce

PYMNTS

With the pandemic accelerating businesses' digital shift , small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution. We saw a change in the last few years towards the credit card away from open account terms," he said.

B2B
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Helping Brands: D2C Brands Tap New Business Models To Shorten 'Time To Commerce'

PYMNTS

Olivier Schott , co-founder of Scalefast , told PYMNTS that many firms pivoting to eCommerce channels may not have the resources on hand to meet those challenges. When you have local bank accounts, you can have local acquire, which will increase your acceptance rate,” Schott said.