article thumbnail

Fiserv, SAP Team For Simpler B2B Payments

PYMNTS

. “The real-time integration of SnapPay with the SAP solution is enhancing our process efficiency, reducing our overall cost of doing business and simplifying payment card industry compliance,” said Daoud Ali, IT executive director of Brewster.

SAP 67
article thumbnail

Diving Into The ‘Check-Replacement Cycle’

PYMNTS

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. He noted, too, that “if I am in a company that is processing checks, it is unlikely that I also have a faster payment regulatory compliance attorney. Why B2B Lags.

B2C 66
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crafting The Better B2B ‘Customer’ Experience

PYMNTS

J&J’s Nawaz stated that the new digital reality has forced companies (including his own) to focus on being responsive and agile to make supply chains resilient even while ticking off the mandatory compliance and governance aspects tied to supply chain management. That's just ridiculous," he contended.

B2B 84
article thumbnail

B2B Finance As A Service Tops This Week’s VC List

PYMNTS

million to the company that deploys machine learning to accelerate supplier payments in the accounts payable department. aggregates data across enterprise systems to identify risks and ensure compliance. Augmentum Fintech announced its investment in Tide at the same time it revealed two other B2B FinTech targets.

B2B 40
article thumbnail

Payment Service That Takes Business Personally

PYMNTS

“Three quarters of all B2B transactions still happen through paper or PDF,” notes Galarza, and require the need for both an accounts receivable and an accounts payable department. Meanwhile, in a B2C transaction, “the consumer can simply pull up their credit card to pay for goods and services.”. Australia … the U.K.,

B2C 43
article thumbnail

Saving eProcurement Complexity For The Back End

PYMNTS

On one hand, some eProcurement experts say procurement should be as easy as B2C online shopping. ” According to the executive, that demand for a streamlined, mobile-friendly, B2C-like interface is what can help companies with that top challenge of employee adoption. ” It’s a tricky challenge.

B2C 40
article thumbnail

Today In B2B: ERPs Broaden B2B Payments Capabilities; Bloomberg Broadens Credit Risk Data Pool

PYMNTS

Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. They can also assess ongoing credit quality. 2) announcement.