PYMNTS

DECEMBER 30, 2020

As Nick Reid , director of B2B Partner Development at Conferma Pay , told PYMNTS, though not new, STP — which routes card payments and data automatically to suppliers and sidesteps manual processes — is increasingly being combined with virtual cards in a bid to level the playing field in B2B payments.

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B2B Reconciliations Sales Invoicing 105

PYMNTS

JANUARY 21, 2021

Today in B2B payments, European banks grow wary of small business loans, and Xero collaborates on API bank connectivity. Darin Horrocks, senior vice president, B2B, at REPAY, said the company’s aim has been to assist its clients with streamlining and perfecting supplier payments by automating them using one interface. “We

B2B 85

B2B Banking Reconciliations Currencies 85

PYMNTS

JULY 7, 2020

Speaking with PYMNTS, PayParc Global Solutions Founder Taylan Taspinar discussed the sector’s dire need to upgrade its B2B payments strategy after a yearslong lag in innovation — and why not just data, but industry-specific data, is essential to combatting friction. A World Of Pain Points. ” The Journey Ahead.

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B2B Reconciliations Banking Numbers 62

PYMNTS

SEPTEMBER 22, 2020

The company noted that the product offers a full view and management over business spending in addition to allowing for orchestration, reconciliation and data on spending, according to a Tuesday (Sept. 22) announcement. Mesh focuses on sellers throughout emerging markets, letting these companies link up with business purchasers globally.

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B2B Reconciliations Finance Numbers 73

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The following Deep Dive explores how virtual cards benefit B2B payments, especially among smaller firms, which have limited resources.

B2B 71

B2B Invoicing Accounts Payable Reconciliations 71

PYMNTS

DECEMBER 2, 2020

Today in B2B payments, Amazon takes advantage of cloud adoption with expanded call center functionality, while Sage collaborates on small business cash flow management. Meanwhile, Aareal Bank launches a new B2B payments platform, Cobase teams up for FX and eCapital acquires a commercial lender.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

JANUARY 22, 2021

Today in B2B payments, TripActions announces new funding that values the T&E startup at $5 billion, while OneSource Virtual launches invoice payment capabilities. Plus, iBanFirst launches B2B payment traceability tool, Georges rebrands with new funding, and HashCash partners with a bank on blockchain payments. 21) blog post.

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Invoicing B2B Reconciliations Valuation 66

PYMNTS

SEPTEMBER 9, 2020

The services include Payments on Behalf of (POBO) and Collections on Behalf of (COBO) features, meaning the banks and payments businesses can show sender details while processing B2B payments, according to the company. The IBAN is used for letting companies send and receive cross-border payments in real time.

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B2B Banking Reconciliations Currencies 64

PYMNTS

JANUARY 30, 2020

Billtrust , an accounts receivable (AR) automation and B2B order-to-cash solution company, has announced that it’s partnered with Corporate Spending Innovations (CSI) and integrated it into Billtrust’s Business Payments Network (BPN), to help customers automate the delivery of payments to suppliers around the network, according to a release. .

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B2B Reconciliations Invoicing Accounting 60

PYMNTS

DECEMBER 12, 2019

There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. HSBC’s new bank guarantee app is designed to clear a number of cross-border payments hurdles. Out with the Old.

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B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

OCTOBER 20, 2020

In the bid to modernize B2B payments , accounts receivable (AR) and accounts payable (AP) need to work together. As part of the ongoing B2B Payments PYMNTS TV programming, Alan Koenigsberg , global head of new payment flows at Visa New Business Solutions, and five panelists weighed in on how business payment flows can be redefined.

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PYMNTS

AUGUST 13, 2020

B2B FinTechs are once again showing the different use cases for corporate card technology and how these offerings add value to the enterprise. For example, the card offers consolidated eStatements of all spending in a single place, which the company says will bolster reporting and allow for easier reconciliation. In the U.A.E.,

B2B 56

B2B Invoicing Reconciliations eCommerce 56

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. But the reconciliation, security, payment terms and buyer-supplier relationship do not mean one size fits all for B2B transactions initiated on an eCommerce platform. They want to combine them.”

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B2C B2B eCommerce Reconciliations 40

PYMNTS

NOVEMBER 15, 2019

Advances in data aggregation connect both sides of a commercial card transaction to richer information for reconciliation, reporting and analytics purposes. ” He highlighted the clunkiness of wire transactions, which, despite their drawbacks, continue to be a prevalent rail in global B2B payments. .” ”

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B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

JULY 27, 2020

According to the release, the Request to Pay service will attempt to reduce the number of late payments and could save billers as much as a billion pounds per year. Half of the respondents want “greater control” over their bill payments. Paul Horlock , Pay.UK ” .

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B2B Reconciliations Numbers Accounting 76

PYMNTS

MARCH 10, 2020

It was our key priority to launch this feature as quickly as we could, as it was the number one most-requested feature from our customers in Australia,” Jack Zhang, co-founder and chief executive officer at Airwallex, told The Australian.

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Reconciliations Foreign Exchange Currencies Accounting 52

PYMNTS

APRIL 22, 2017

Spain’s number-two bank, Banco Bilbao Vizcaya Argentaria, or BBVA, said Friday (April 21) that it has successfully completed its first cross-border payment using blockchain technology from Ripple. That’s very relevant for our clients because they could begin streamlining their reconciliation systems.”.

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B2B Reconciliations Invoicing Banking 56

PYMNTS

JULY 29, 2019

And India, where PayMate is based and does business in the B2B space, is not, yet, an exception to that rule. This is, unfortunately, is just a point-to-point system, there is no reconciliation on this basic platform. But the climb is worth it, he noted, because the rewards in the B2B space are so apparent.

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PYMNTS

APRIL 26, 2019

Though more than half of corporate payments are done through paper means, increasingly, and recently, a number of players have been jumping into the fray to bring payments to the digital realm, enough to have made this past week a B2B sizzle. Later in the call, the CFO said “Visa Direct is a big component to B2B also.

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B2B Reconciliations CFO Transportation 49

PYMNTS

SEPTEMBER 12, 2018

12) that it is unveiling a digitized B2B platform geared toward global trade conducted by small and mid-sized businesses. Mastercard said digitization has occurred in other parts of the B2B continuum, but that administrative activities, costs and transactions are still inefficient.

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B2B Reconciliations Compliance Invoicing 41

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. Eyeing Efficiency . They weren't interested in just the introduction of a new payments rail. … Looking Ahead.

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PYMNTS

MAY 1, 2018

B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a deterrent to growth. The vast majority (91 percent) said they used the Bacs system to make their B2B payments, though half said they used SWIFT more than four times a month.

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B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

FEBRUARY 18, 2020

Unlike traditional B2B areas, where the supplier and customer have agreed upon pricing, and it is the exception when the payment amount does not equal the billed amount, “ he told PYMNTS, “it is standard practice in healthcare for a provider to bill one amount only to have the payer decide to pay a completely different amount.”.

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Healthcare B2B Banking Technology 52

PYMNTS

JULY 2, 2019

Kohli noted that, in the B2B realm, there is a recognition among payment professionals that the increased velocity of payments — especially what might be termed as “payments with finality” that come across real-time rails, where transactions are often irrevocable — means risk is on the rise.

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B2B Reconciliations Treasury Securities 70

PYMNTS

MAY 6, 2020

In an interview with Karen Webster, Simon Barker, CEO of Conferma Pay, explained that the announcement heralds the first time key attributes of virtual commercial cards — including expense controls and seamless data reconciliation — are being tied to tap-and-go payments, with the ease of use that mark contactless consumer payments.

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Reconciliations Entertainment B2B Banking 107

PYMNTS

JANUARY 20, 2021

Ryan Frere, executive vice president and general manager of B2B for Flywire , believes that embedded finance in B2B is key to payments optimization in 2021. That’s no surprise, given the pace of innovation in B2C versus B2B payments over the years. It doesn’t have to be complicated, though.

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B2C B2B Currencies Invoicing 70

PYMNTS

JANUARY 10, 2019

Even when technologies come close to addressing multiple challenges that exist today when sending, receiving and reconciling B2B payments, those benefits typically come with a cost — whether it be the interchange fees of cards or the burden of replacing legacy infrastructure.

Reconciliations 61

Reconciliations Accounts Payable B2B Accounting 61

PYMNTS

MAY 23, 2016

In the future, all B2B payments will be digital. It’s no secret that B2B, as an industry, has lagged behind B2C by leagues when it comes to going paperless. There are a number of factors and stubborn obstacles at play. – What convergence may mean for B2B and financial institutions. contact-form-7].

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B2B B2C Banking Reconciliations 40

PYMNTS

FEBRUARY 27, 2018

“Regardless of the reason, these methods can pose problems, including reduced spend visibility, making it difficult to both track and enforce policy compliance and to perform back-office functions, such as reconciliation and reimbursement as well,” said GBTA Foundation Director of Research Monica Sanchez in a statement when the report was published.

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B2B Marketing Accounts Payable Reconciliations 41

PYMNTS

JANUARY 5, 2017

It seems every year for the past five years or so, B2B payments analysts have pondered the future of the paper check — and tried to predict its demise. Simply put: Crooks love checks,” Mike Vigue, VP of product strategy, cyberfraud and risk management at B2B payments company Bottomline Technologies, told PYMNTS.

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B2B Reconciliations Corporate Finance Risk Management 40

PYMNTS

JANUARY 31, 2018

B2B payments has a reputation for being slower than B2C transactions to innovate, but that’s not without reason. Unsurprisingly, B2B eCommerce has emerged as a target for blockchain innovators, not least of all because blockchain technology may be able to help address the data problem of business-to-business trade.

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B2B Education Forecasting B2C 43

PYMNTS

JANUARY 23, 2019

Coupa has announced another bank partner to join its recently launched suite of B2B payments solutions known as Coupa Pay. The card number is automatically generated once the PO is approved, with payment only made for the designated supplier and amount. Coupa Software and JPMorgan announced on Tuesday (Jan.

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Reconciliations B2B Invoicing Finance 75

PYMNTS

JULY 10, 2019

Mastercard is launching a new service designed to make it easier for B2B vendors to accept virtual cards. The payments and technology giant announced Tuesday (July 9) the rollout of its Virtual Card Receivables Service, a tool to digitize the virtual card payment acceptance and reconciliation process for businesses.

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Cash Flow Forecasting Reconciliations Invoicing B2B 62

PYMNTS

NOVEMBER 7, 2017

6) that Payer ID is now available in 44 countries, as Citi brings the B2B payments tool across North America and Western Europe. It aims to reduce Days Sales Outstanding and supports streamlined reconciliation. The FI added that AR and reconciliation can be especially challenging for companies that receive payments across borders.

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Reconciliations Treasury B2B Cash Management 48

PYMNTS

JANUARY 19, 2017

One of the top stressors in B2B payments is the disconnect between how buyers want to pay and how suppliers want to accept payment. But Karla Friede, CEO and cofounder of B2B payments firm Nvoicepay , told PYMNTS that getting suppliers to accept cards isn’t the right way to go about boosting electronic payments in the AP department. “I

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B2B Accounts Payable Reconciliations Securities 46

PYMNTS

JULY 18, 2016

To that end, payments technology firm Ixaris is teaming up with Amadeus as a partner to develop the latter’s B2B Wallet Prepaid offering, helping to further the use of virtual cards. Thus, Ixaris takes what can be viewed as a “Lego-like approach” to services offered to OTAs (and, by extension, other industries).

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B2B Foreign Exchange Reconciliations Technology 40

PYMNTS

OCTOBER 7, 2020

In the latest of a continuing series on B2B payments, Melio CEO Matan Bar told Karen Webster that payments flexibility is key in helping small and medium-sized businesses (SMBs) navigate the pandemic — and flexibility leads to better cash flow, the lifeblood of companies (no matter their size). “At Why B2B Payments Are Different .

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Accounts Payable B2B Reconciliations Construction 90