PYMNTS

SEPTEMBER 30, 2019

To open up new currency options and new markets for cardholders of JCB across Asia, Flywire and JCB International, Co., Its platform offers one point of management as well as payer engagement from billing and payment through reconciliation.

Reconciliations 59

Reconciliations Currencies Education Securities 59

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Open Banking. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

MARCH 16, 2017

We were surprised to see businesses actively selling into markets because they had a vehicle to receive payments there, and they were actively avoiding other markets because they didn’t know how to get paid there,” Moen said of Flywire’ s conversations with companies revealing their B2B payment pain points. Time For Change.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

JUNE 29, 2016

Their collaboration targets the friction associated with the payments experience for video content creators, and will look to enable these companies to accept payment in their home currency. The solution supports global ACH, prepaid card, wire transfer, PayPal and other payments rails.

B2B 40

B2B Marketing Reconciliations Currencies 40

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

DECEMBER 15, 2020

In B2B payments, added Visa Direct Vice President of Global Segments and Market Development Tim Summers , businesses don't care exactly how funds get from Point A to Point B, but the rails that facilitate the movement of funds must do so seamlessly. When we think about rails, we think about them as a means to an endpoint," he said.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

MAY 20, 2019

dollars or in the customer’s local currency. TransferMate collects funds from customers located in over 50 countries around the world through local funds transfer in customers’ local currency. Global Invoice Connect provides electronic bill presentment in U.S.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

APRIL 30, 2018

Some of the benefits include faster entry into new markets, lower operational costs, faster speed and end-to-end visibility over a payment’s journey. “By By tapping our global network with xVia, our customers now access new markets quicker and cost efficiently,” said Asheesh Birla, senior vice president of product at Ripple.

Reconciliations 70

Reconciliations Currencies Marketing Banking 70

PYMNTS

DECEMBER 15, 2017

It’s no secret that growth in cross-border trade has been explosive, where digital commerce and devices have brought heretofore untapped consumers to companies — transacting across time zones, currencies and languages. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

OCTOBER 28, 2020

Transaction information moves without intervention into Tallie to be compared with receipts for reconciliation. The solution is partnered with TransferWise and will harness TransferWise’s own accounts to exchange international currency at the mid-market exchange rate instead of depending on the global SWIFT infrastructure.

Accounts Payable 49

Accounts Payable Reconciliations Currencies Accounting 49

PYMNTS

OCTOBER 8, 2018

TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improved reconciliation.

Reconciliations 69

Reconciliations B2B Accounting Currencies 69

PYMNTS

MAY 5, 2019

In other news, Singapore’s Chief FinTech Officer of the Monetary Authority said that while blockchain has potential for cross-border payments, the agency “does not see much” in retail bank digital currencies. The design phase is underway, with testing to begin in Q2/Q3 2019. will be joining Ripple’s board of directors. “I

Currencies 54

Currencies Reconciliations Healthcare Banking 54

PYMNTS

FEBRUARY 16, 2017

Typically, Galit explained in a recent interview with PYMNTS, SMEs using software solutions without an integrated global payments technology have to exit that software platform and work with banks to somehow ensure payments are sent and received, creating headaches for accounting, reporting and reconciliation. “In

B2B 75

B2B Reconciliations Currencies Communication 75

PYMNTS

AUGUST 6, 2018

. ‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. With the integration, small businesses in the country can use direct debit to automate their payment collection and reconciliation processes. Plus, the bank would allow currency markets to open again. “We

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

PYMNTS

FEBRUARY 28, 2020

Organizations that absorb and process supplier invoices within the Centsoft platform can see that data be automatically added into QuickBooks Online to support the payment and reconciliation process. B2B payments market. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

AUGUST 13, 2019

that has led to a depreciation of the pound are having widespread impacts throughout supply chains with touchpoints in the markets. importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. But that, he said, is also one of the largest challenges in this market.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

NOVEMBER 26, 2019

“Our organizations share the view that supplier experience is a vital component to customer satisfaction,” said WEX Senior Director of Supplier Services Dylan Jones in a statement, adding that the partnership with Billtrust will enable WEX “to solve for the ‘last mile’ of automated settlement and reconciliation.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

JULY 11, 2019

The cards can be issued in USD, GBP and euro, and WEX plans to add support for additional currencies moving forward. WEX operates with our customers’ long-term best interests in mind and always looks for new ways to improve our payment innovations,” said WEX Corporate Payments President Jay Dearborn in a statement.

Reconciliations 43

Reconciliations Currencies Securities Planning 43

PYMNTS

MARCH 20, 2018

According to Flywire, Nigeria is a good market for cross-border payments and is the leading source for international students and patients from Africa, with around 15,000 Nigerians studying at colleges and universities in the U.K. during the 2016-2017 school year.

Foreign Exchange 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. The Gig Economy. The Advantages.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

FEBRUARY 10, 2017

Paper-based payments are less than ideal, and firms paying across borders must track documentation effectively, as well as contend with currency issues and the preferences vocalized by the workers themselves. The other feature, titled Off-Platform Payments, can enable workers to be paid in their local currencies.

Reconciliations 45

Reconciliations Currencies Communication Numbers 45

PYMNTS

DECEMBER 12, 2019

The robust activity in B2B API development points to a highly configurable world of faster payments, greater transparency, and the flexibility markets now demand. Western Union’s trio of new APIs can perform a P2P transfer function, as well as send money to business accounts or Western Union agents in local currency. Out with the Old.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

AUGUST 2, 2018

GoCardless supports automated reconciliation, said its head of partnerships Josh Sasto in a statement. Payments Market report that found direct debit facilitated 4.2 Invoices can request payment in multiple currencies, while companies can also create separate legal entities for their subsidiaries in other markets.

Invoicing 40

Invoicing Accounting Reconciliations Currencies 40

PYMNTS

JULY 10, 2020

Nium then facilitates an electronic funds transfer to the supplier and can support either domestic transfers or cross-border transactions in the currency of an invoice. In addition to heightened visibility and access to reconciliation data, corporate cards connect businesses to a valuable line of credit.

Entertainment 80

Entertainment Accounts Payable B2B Reconciliations 80

PYMNTS

NOVEMBER 19, 2020

In a conversation with PYMNTS , Volante Head of Market Infrastructures Domenico Scaffidi explored how financial service providers can get creative to understand how businesses will use real-time payments. As he discussed, banks must look beyond speed to find the value proposition.

B2B 104

B2B Reconciliations Risk Management Compliance 104

PYMNTS

JANUARY 22, 2021

Digitization in the healthcare sector is on the rise as more B2B FinTechs and platforms come to market, he said, but that doesn't mean data challenges are automatically overcome. The focus is on real-time transactional data, and making sure we take manual processes out of reconciliation.".

Healthcare 74

Healthcare Prioritization B2B Accounts Payable 74

PYMNTS

MAY 22, 2018

There are a ton of off-the-shelf software solutions, and the process is simple and straightforward with one currency, one format, well-understood payment methods and costs,” said Mike Massaro, CEO of Flywire. For most companies, domestic billing is easy. Since June 2017, Flywire ’s U.K.

Reconciliations 52

Reconciliations Invoicing Education Compliance 52

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. China’s renminbi (RMB) is one global currency that is pushing its international standing, but new data from SWIFT released earlier this month found 2017 was a mixed year for the currency.

B2B 44

B2B Currencies Reconciliations Economics 44

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions. Looking Ahead.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

OCTOBER 11, 2019

In a PYMNTS interview with Karen Webster, Ryan Frere, vice president of global payments at Flywire , said the partnership “opens up 13 currencies across the network we can allow payers to choose when they use JCB cards to pay tuition.”. Asia is the biggest market for payment origination in terms of the number of students.

Education 53

Education Reconciliations Currencies Banking 53

PYMNTS

MARCH 24, 2016

Flywire is most known in the market for its ability to solve a problem that sounds like it shouldn’t be much of one at all: helping students living in one country pay their school tuition (in full) for a school that happens to be in another. Sometimes that involved bringing large amounts of cash in suitcases into the country.

Reconciliations 40

Reconciliations Nonprofit Education Currencies 40

PYMNTS

MARCH 8, 2018

A slew of recent cross-border payment developments indicates that it’s time for various groups and markets to get a refresher on the shifting market. In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation. As roughly one million international students visit the U.S.

Education 43

Education Accounts Payable Reconciliations B2B 43

PYMNTS

JANUARY 16, 2018

Students and their families need to pay tuition in the proper currency and in a timely fashion. Students can use the portal in their own currency, fill out information and put in requests for the amount of money they want,” Carter said, adding that the system also helps Florida Tech with reconciliation. “It and Canada.

Education 43

Education Currencies Reconciliations Planning 43

PYMNTS

OCTOBER 29, 2020

Every time a business adds a new payment service provider (PSP) or currency or expands into a new market, it must optimize its payment flows for cost and efficiency and rethink its payments strategies. Tubb pointed to a hypothetical example to illustrate this point.

Reconciliations 43

Reconciliations Finance Currencies Leverage 43

PYMNTS

MAY 18, 2018

Partech and Digital Currency Group also participated in the round, reports said. With operations across Africa, Cellulant offers a digital accounts receivable solution with integrated payment reminder, collection, settlement and reconciliation capabilities. The company raised $47.5 BDS Analytics. BDS Analytics, based in the U.S.,

B2B 53

B2B Investments Startups Reconciliations 53

PYMNTS

JULY 4, 2018

To get a sense of just how pervasive AI is becoming, as noted in our latest reports on digital banking (which spotlighted PNC’s latest efforts and adoption), consider the fact that the global market for AI and machine learning stands at a not insignificant $12 billion. Have Virtual Cards, Will Travel.

Reconciliations 40

Reconciliations Entertainment Currencies Retail 40