article thumbnail

FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

B2C 118
article thumbnail

Virtual Account Numbers Facilitate International Digital Banking

PYMNTS

In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo , said virtual international bank account numbers (IBANs) can help firms gain scale internationally, and customize payments to serve the needs of their end customers. Traditional businesses have also switched online.

Numbers 115
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

FoodMaven: Food Distributors Pivot To B2C

PYMNTS

More recently, an untold number of eateries have shuttered across the U.S., Customers – now numbering several hundred, according to Deda – can order online for delivery or pickup at the company’s warehouse. in a bid to stop the spread of the virus by keeping people from gathering socially. Where We Are Now.

B2C 83
article thumbnail

How B2C Companies Tap Into Integrated Receivables

PYMNTS

Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. However, as check volumes are now on the decline, B2C companies are receiving payments from other channels, such as bill payment sites.

B2C 46
article thumbnail

Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. An Alternative To Banks.

eCommerce 142
article thumbnail

Optimizing B2B Payments Decisions Via B2C Payments Data

PYMNTS

The companies that have disrupted small businesses’ front office by developing technology at the point of sale have more opportunities than with just B2C transacting. But taking advantage of B2C transactions at the front can lead to more insight than simply cash-in, cash-out, Marhamat explained. It would even be below 50 percent.”

B2C 40
article thumbnail

Deep Dive: How Customer Behaviors Drive Demand For Mobile Disbursement Innovation

PYMNTS

The number of smartphone users worldwide has grown exponentially in recent years, with some reports projecting there will be 3.5 Mobile B2B disbursements are a growing interest for a number of firms, but most businesses still have their payment processes firmly rooted in checks. billion users by the end of the year.

B2C 93