PYMNTS

DECEMBER 18, 2019

Citi is one of those players, having recently rolled out a string of business payment solutions with a focus on global accounts payable and accounts receivable. ” Examples of B2C payments are vast: Magats pointed to Citi working with clients in the airline industry, which must issue baggage vouchers.

B2C 52

B2C Accounts Payable B2B Accounting 52

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.

B2C 41

B2C B2B Construction Accounts Payable 41

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. The Coexistence Of Rails. Often, that means the cooperation of multiple rails at once.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

FEBRUARY 24, 2020

And here we are, millennia later, exploring space and streaming Netflix, yet over 40 percent of business-to-business (B2B) payments are still made by paper — the same “technology” that replaced clay tablets. After all, B2B eCommerce will be a $1.1 Where’s the Trust? China’s eCommerce titan Alibaba is capitalizing on that.

B2B 73

B2B eCommerce Accounts Payable B2C 73

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

JANUARY 17, 2020

Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. “Buyers and sellers in the B2B world, they do not share interests, many times,” he said. ” Finding A Middle Ground.

B2B 61

B2B Accounts Payable Invoicing B2C 61

PYMNTS

JUNE 20, 2019

This isn’t merely an issue for the B2C world, however. Indeed, as B2B organizations begin to pay closer attention to the rising threat of fraud in the procure-to-pay process, the issue of false positives can result in similarly negative consequences, from declined card payments to broken vendor relationships. The False Positive Threat.

B2B 73

B2B Accounts Payable Invoicing B2C 73

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

JULY 16, 2020

The evolution of B2B eCommerce has historically been driven by the effort to bring a consumer-like experience a-la-Amazon into the corporate procurement world. Yet using the consumer eCommerce framework as the launchpad for digitizing B2B trade isn’t always going to suit enterprise needs. It’s not an unfounded strategy.

B2B 59

B2B eCommerce B2C Accounts Payable 59

PYMNTS

DECEMBER 30, 2020

Though 2020 was full of volatility, the B2B FinTech landscape persevered with venture capitalists and other investors for a lucrative year. Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. Deliveristo.

B2B 84

B2B eCommerce Banking Accounts Payable 84

PYMNTS

JUNE 8, 2020

B2B payments technologies can be seamlessly integrated into businesses’ existing back offices with minimal disruption, and it’s an achievement that has not only opened the door for smaller firms to adopt technology, but has led more businesses to buy — not build — when developing their digitization strategies. ” .

B2B 63

B2B Accounts Payable Currencies B2C 63

PYMNTS

NOVEMBER 3, 2020

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. B2B Drives ACH Volume Up. and abroad. percent.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

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

APRIL 28, 2020

Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer. There are more tools available than ever to help SMBs move their accounts payable (AP) and accounts receivable (AR) processes forward to become more efficient.

Invoicing 94

Invoicing B2C B2B Accounts Payable 94

PYMNTS

OCTOBER 31, 2019

With FinTech innovation yielding more choices than ever for both billers and payers, cost often emerges as the key driver behind what solutions users adopt — both in the business-to-consumer (B2C) and business-to-business (B2B) context. That PO must be sent to a vendor, which must then process that document and send back an invoice.

B2B 41

B2B B2C Accounts Payable Invoicing 41

PYMNTS

FEBRUARY 16, 2018

While there’s been much hype surrounding venture capitalists’ growing attention on B2B FinTech, this year has largely been lackluster for the industry. This week, however, B2B startups enjoyed a solid moment of funding, as familiar names like Tipalti were joined by newcomers like Zervant to address an array of business finance needs.

B2B 49

B2B Accounts Payable B2C Invoicing 49

PYMNTS

AUGUST 15, 2018

B2B payments continues to enjoy its moment in the innovation spotlight, but the industry still has a long way to go if it’s going to beat the race against paper and manual processes. However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally.

B2B 40

B2B Accounts Payable B2C Reconciliations 40

PYMNTS

OCTOBER 21, 2019

FinTech business-to-business (B2B) payments firms that have achieved unicorn status? In an interview with Karen Webster, Matt Harris, partner with Bain Capital Ventures , delved into the challenges and opportunities that lie ahead for B2B firms as they seek to attract capital and evolve their business models. The General Landscape.

B2B 40

B2B B2C Accounts Payable Economics 40

PYMNTS

OCTOBER 29, 2019

But to understand where B2B payments innovation is going, Jay Dearborn, president of corporate payments at WEX , said the industry must first take a look in the rearview mirror. “To Indeed, Dearborn said, comparing the B2C and B2B payments spaces “isn’t useful for us as an industry” due to just how different the two ecosystems are.

B2B 40

B2B B2C Accounts Payable Banking 40

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. B2B Payments. million Series C funding round with plans to use that money for B2B payments solutions. MC Payment. Alternative Lending.

B2B 74

B2B Accounts Payable Startups B2C 74

PYMNTS

MAY 24, 2018

ACH, wire, virtual and physical cards, and other rails all come into the mix, particularly as each vie for a chance to take B2B payment market share away from paper. ” B2B sellers expanding into China, for example, have to support payments made via Alipay and WeChat, Levy explained. Paper checks may be the No.1

B2B 45

B2B B2C eCommerce Accounts Payable 45

PYMNTS

SEPTEMBER 12, 2019

It’s also a useful way to describe the competing interests and mindsets of buyers and suppliers when making decisions about innovating the B2B payments and procurement process. There’s also the age-old, seemingly inevitable push and pull of managing accounts receivable and accounts payables.

B2B 45

B2B Accounts Payable Invoicing B2C 45

PYMNTS

NOVEMBER 20, 2017

To say that cross-border B2B payments could use an efficiency reset not only states the obvious, but is an understatement about the state of money movement around the world. It’s a set of inefficiencies that – according to Vicky Bindra, Visa’s head of global products and solutions – drove Visa to create and launch Visa B2B Connect.

B2B 52

B2B Accounts Payable B2C Leverage 52

PYMNTS

MAY 25, 2018

No B2B transaction occurs in a vacuum. Every interaction — from negotiating contracts to making payment to extending credit — is connected, but the complexity of B2B commerce creates many opportunities for disjointed, friction-filled experiences on both sides.

B2B 40

B2B eCommerce Accounts Payable B2C 40

PYMNTS

AUGUST 24, 2018

The big B2B venture capital news of the week was Augmentum Fintech’s trio of investments, signaling the company’s focus on the B2B FinTech market — but it wasn’t the only firm targeting this startup space. Augmentum Fintech announced its investment in Tide at the same time it revealed two other B2B FinTech targets.

B2B 40

B2B Finance Accounts Payable B2C 40

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. Particularly in the U.S,

B2C 81

B2C B2B Accounts Payable Invoicing 81

PYMNTS

APRIL 22, 2016

The venture capital world lit up last week with reports that B2B tech startups are now seeing increased funding, raising money at a faster pace than B2C startups. Unfortunately, for the world of B2B payments, those B2B startups seem to be serving more of the retail crowd. B2B ePayments. Transactis.

B2B 40

B2B Banking B2C Invoicing 40

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

OCTOBER 23, 2019

The B2B eCommerce market has taken a path to innovation and digitization inspired by the ease and speed of B2C commerce. But the B2B market quickly discovered that platforms designed for consumers fall well short of corporates’ needs, both for buyers and vendors. And that actually happens a lot.

Manufacturing 40

Manufacturing B2B Invoicing Accounts Payable 40

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. As much as 80 percent of firms still rely on paper checks when it comes to making business-to-business (B2B) payments. Why B2B Lags. The Larger Picture.

B2C 66

B2C Cash Flow Forecasting B2B Accounts Payable 66

PYMNTS

FEBRUARY 14, 2017

Mastercard struck a deal to help automate the accounts payable process for businesses in the United Arab Emirates , reports said Sunday (Feb. The credit card firm inked a partnership with technology firm Swipezoom, which operates in both the B2B and B2C spaces.

Accounts Payable 40

Accounts Payable B2C B2B Invoicing 40

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. Further, that choice must also expand into the area of data. Innovation Ahead.

Accounting 53

Accounting B2B Accounts Payable B2C 53

PYMNTS

APRIL 1, 2016

Corporations have been chastised in recent years as floods of new data reveal the ongoing prevalence of paper checks in B2B payments. The B2B payments space, on the other hand, not so much. The B2B space has, historically, had challenges.”. B2C To B2B. Bank’s head of receivables solutions for treasury management.

B2B 41

B2B Accounts Payable B2C Banking 41

PYMNTS

DECEMBER 23, 2020

The pandemic has created myriad challenges for B2B firms. Digitizing these processes and utilizing the right set of tools and technologies has become essential to keeping businesses afloat and helping them successfully compete in the expanding global B2B economy. That is just going to take B2B to the next level.”.

B2B 71

B2B B2C Invoicing Technology 71

PYMNTS

JULY 14, 2017

The report had some big news for B2B payments in particular: “Overall, the jury considers the business payments sector to have the best profit potential going forward,” the report stated. Disruptors in B2B payments have an opportunity to access larger profit margins, it continued, in a market less saturated than the B2C payments space.

Accounts Payable 46

Accounts Payable B2B B2C Accounting 46

PYMNTS

FEBRUARY 11, 2020

B2C Brands’ B2B Risks. Microsoft is a heavyweight in the enterprise app space, but increasingly, big brands that are typically associated with consumer-facing solutions, like PayPal, are introducing B2B solutions, further expanding the attack surface for cybercriminals.

B2B 58

B2B Accounts Payable B2C Invoicing 58

PYMNTS

MAY 4, 2018

” This newfound requirement for speed and efficiency “transcends” into the B2B, B2B2C and B2E places as well, she said. This collaboration, said Spottiswood, could enable corporate payments to catch up to P2P – including the notoriously slow-moving B2B payments realm.

Marketing 46

Marketing B2B Accounts Payable B2C 46