Remove B2B Remove Compliance Remove Reconciliations Remove Risk Management
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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. Transcard Embraces Track for Real-Time B2B Payments. Canada Taps Vocalink for Real-Time Rail.

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Why Banks Need FinTech To Address Their Own Complicated Treasuries

PYMNTS

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS.

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CFOs Pulled In More Directions At Once

PYMNTS

For instance, 29 percent of CFOs identified budgeting and account reconciliation as a priority in the finance department, but just 8 percent said that was a priority for the company overall. One of the largest ways it can do so is for risk management. There are other ways CFOs are being pulled in two directions, too.

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In Lending, Next-Day Payout Doesn’t Cut It

PYMNTS

The largest financial institutions, he said, can build propriety solutions in-house to integrate push payments — but these emerging FinTechs in alternative and marketplace lending spheres should have a partner to ensure solutions are Payment Card Industry (PCI) compliant and have proper risk management capabilities in place.

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

PYMNTS

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Bloomberg To Incorporate Credit Risk Data. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. 2) announcement.

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Trimble’s TruckMate Kicks Accounts Receivable Into High Gear

PYMNTS

Requirements around the recording of digital data — for instance, newer rules on Hours of Service records and electronic recording of drivers’ hours worked — have industry players adopting tools to maintain compliance. “That’s a huge trend.” ”

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Payments Tech Takes Advantage Of Payment Rails Building Blocks

PYMNTS

Despite some drawbacks, legacy rails have mounds of potential to tackle a multitude of B2B payments friction points. For payments technology players, finding the opportunities to build upon existing infrastructure continues to open up new doors in B2B payments improvements. Adflex Eyes Card Rails For B2B.