PYMNTS

NOVEMBER 3, 2020

And B2B payments , too. The $20 trillion in corporate payments done through paper checks represents a staggeringly large greenfield opportunity – and there is any number of ways to modernize B2B interactions (and corporate treasury activities in lockstep). The Big Themes – And The Challenges . That’s where the market’s going.

B2B 82

B2B Treasury Accounts Payable Communication 82

PYMNTS

DECEMBER 9, 2020

The accelerated growth of USDC over the course of this year is the result of our active work to establish an open standard for fiat digital currency on the internet,” Puth said in a statement. Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

Currencies 103

Currencies Treasury Compliance B2B 103

PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. In addition to adding support for card payments on invoices, QuickBooks upgrades also include a cash flow planning tool, invoice payment reminders, open banking support, receipt data capture and payroll compliance. Airwallex Readies B2B X-Border Card.

B2B 52

B2B Invoicing Startups Compliance 52

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. Flexibility Is Key. PaaS could be worth as much as $16.7 Morgan (Onyx is a new J.P.

B2B 104

B2B Compliance Currencies Technology 104

PYMNTS

OCTOBER 30, 2018

Strength in global consumer spending — along with double-digit cross-border gains and traction in B2B payments — marked third-quarter Mastercard results released Tuesday (Oct. percent year on year, edged analysts’ estimates slightly, though management noted that revenue on a currency-neutral basis, and excluding items, was up 17 percent.

B2B 71

B2B Currencies Economics Compliance 71

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. There are also an “extremely high number” of tax rules.

Compliance 58

Compliance Marketing Currencies Auditing 58

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?ius,

Banking 113

Banking Compliance Currencies B2B 113

PYMNTS

SEPTEMBER 22, 2020

According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. The system will integrate currency exchange into every transaction, enabling customers to track payments in real time.

B2B 99

B2B Compliance Currencies Banking 99

PYMNTS

MARCH 16, 2017

Cross-border payments company Flywire is stepping into new territory: B2B payments. With its start in the education and healthcare sectors, Flywire’s expansion into B2B payments isn’t far of a stretch for the company, which already supports high-value international payments like tuition or medical care costs. Time For Change.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. In a press release sent to PYMNTS on Thursday (Aug. dollars. “In

Currencies 40

Currencies Cash Management Treasury Compliance 40

PYMNTS

MAY 12, 2017

The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company. In comparison to P2P transfers, B2B payments logistically involve more heavy lifting, Laven said.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. B2B payments market. Going Further With Open Banking. “In addition to card and ACH/wire requirements, the U.S.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. Flexibility is Key. PaaS could be worth as much as $16.7 Morgan (Onyx is a new J.P.

B2B 61

B2B Compliance Currencies Technology 61

PYMNTS

OCTOBER 22, 2019

They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations. International B2B Payments Pains. Limited connections between FIs can cause delays and higher costs as well. Mexico transactions in 2018.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

SEPTEMBER 15, 2020

Although they are vastly different beasts, shifts in the consumer payments ecosystem have significantly impacted the flow of B2B payments. Having multiple providers ensures merchants can still access funds from their card transactions even if one bank provider stops operating in a certain industry or currency, for example.

B2B 119

B2B Risk Management Compliance Prioritization 119

PYMNTS

MAY 22, 2019

The changes would aim to keep remittances in compliance with anti-money laundering (AML) measures in the regions. Deep Dive: The State of B2B Cross-Border Payments. B2B payments are also getting faster alongside consumer-facing payments, but many are retaining familiar complexities. About the Tracker.

B2B 72

B2B Compliance Securities Banking 72

PYMNTS

APRIL 22, 2020

But when it comes to establishing operations abroad and managing money throughout the globe — whether it be reconciling finances across multinational business units or paying suppliers in foreign currencies — the challenges are vast. ” Exploring Alternatives. ” Exploring Alternatives. ” Easing Payments Friction. ”

Currencies 96

Currencies Advertising B2B Finance 96

PYMNTS

SEPTEMBER 12, 2017

B2B payments. Among 70 executives from 37 countries that CurrencyCloud polled in a study marking its third year, this is the percentage that saw the greatest profit potential in B2B, and in the likelihood of changing the way back offices process payments. Compliance and data integration are valuable services for those firms, he said.

B2B 40

B2B Compliance Numbers Banking 40

PYMNTS

AUGUST 17, 2018

B2B FinTech is undoubtedly a hot spot for venture capitalists (VCs) this year. However, this summer, a different kind of B2B startup has captured investors’ attention. AuditBoard’s technology helps organizations and their auditors manage risk mitigation and compliance efforts.

Startups 40

Startups B2B Auditing Invoicing 40

PYMNTS

JULY 1, 2020

B2B payments are often complicated by incompatible systems that delay transactions and add additional fees. In this month’s B2B API Tracker, PYMNTS speaks with Gaston about how legacy systems have impeded open banking — and what it will take for banks to embrace APIs and accelerate B2B payments.

B2B 52

B2B Compliance Entertainment Currencies 52

PYMNTS

APRIL 26, 2019

How to Shake up B2B Financing at the Point of Sale. The idea started in the B2C world, but it wasn’t long before online sellers were asking about the use of point-of-sale financing for B2B — at least according to Chris Tsai, co-founder and CEO of Resolve, an Affirm spin-off, in an in-depth PYMNTS interview earlier this week.

B2B 70

B2B Compliance B2C Currencies 70

PYMNTS

DECEMBER 8, 2017

And especially in cross-border payments , where, amid globalization, currencies shift and businesses connect across time zones, languages and even industries. Cambridge, of course, as an international B2B payments provider, has seen some sea change of its own, having been acquired this past August by FLEETCOR Technologies.

B2B 44

B2B Invoicing Technology Compliance 44

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S. Establishing Trust And Confidence.

Treasury 129

Treasury Currencies Cash Management Benchmarking 129

PYMNTS

OCTOBER 1, 2018

After all, it stands to reason that the more links there are in the supply chain (spread out, and even global in nature), the harder it is to deliver absolute confidence in production methods, quality of products, transparency of payments and regulatory compliance. We are expanding the traditional buying base for gold,” he told PYMNTS.

Currencies 73

Currencies B2B Manufacturing Compliance 73

PYMNTS

JANUARY 24, 2021

One facet of helping with compliance is the automatic recording of journal entries. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Accounting 71

Accounting Compliance Invoicing Currencies 71

PYMNTS

NOVEMBER 8, 2019

Platform models serving various business verticals have been gaining currency — literally, To that end, Boulevard , which focuses on providing a platform as a service to spas and salons, said it had raised $1 million in a Series A funding round.

Investments 40

Investments B2B Accounting Standards Compliance 40

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Banking 85

Banking Planning Currencies Startups 85

PYMNTS

AUGUST 20, 2019

Middle market companies need help navigating the complexities of accounts payable management, especially when it comes to cross-border, cross-currency payments. That solution, the company has said, helps firms save money on currency conversion for subsidiary-focused payouts across more than 30 different currencies.

Accounts Payable 51

Accounts Payable Currencies Compliance B2B 51

PYMNTS

SEPTEMBER 10, 2019

Stripe is launching its offerings in eight new European countries: Greece, Lithuania, Latvia, Estonia, Poland, Portugal, Slovakia and Slovenia can now start accepting payments in more than 130 currencies from anywhere in the world. B2B Payments: Moving from Inertia to Ignition. Losses Mount for India’s Paytm Parent One97.

B2B 43

B2B Communication Compliance Currencies 43

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches. All of this is really manual," noted Gulati. "If It can be nightmarish.".

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

AUGUST 22, 2019

Paying with digital currencies is becoming more and more prevalent internationally, and every industry is affected. With our pilot operation in the A1 shops we are testing the demand and acceptance of digital currencies in Austria,” Markus Schreiber, head of A1 business marketing, said in the press release.

Currencies 61

Currencies Compliance Economics Sales 61

PYMNTS

JUNE 17, 2020

Amadeus B2B Wallet Expands Functionality. In another initiative gearing up for the return of corporate travel, travel management platform Amadeus has announced that its payment offering, the Amadeus B2B Wallet, is now able to automatically generate virtual cards through a partnership with Troovo , PYMTNS reported.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

APRIL 3, 2018

According to FIS, use of alternative FinTech is on the rise, with more than a third of SMBs reporting they already use non-bank financial apps to make B2B payments. On the other band, banks with regulators want to enforce their processes, compliance and charges to customers.

Banking 70

Banking Currencies Compliance B2B 70

PYMNTS

OCTOBER 23, 2018

While wire remains a popular rail for global transactions, BofA Merill said, “Many smaller banks lack the infrastructure, the accounts and the mechanisms to handle the currency conversions themselves.” The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. Artificial intelligence ensures regulatory compliance and fraud protection.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. The tool is aimed at improving speed, security, transparency and compliance. . 10) press release. earlier this month.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

MAY 18, 2017

Many payment providers are set up to aid transactions on a low value, low volume basis, Althaus said, “but as the size of cross-border payments gets into the thousands, tens of thousands and hundreds of thousands of dollars, this opens up a whole other level of complexity from the view of compliance” and the process of moving money.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59