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The EU’s Single Digital Market’s Push To Streamline Payments

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Although they are vastly different beasts, shifts in the consumer payments ecosystem have significantly impacted the flow of B2B payments. Having multiple acquirers is an important risk mitigation tool for merchants, but according to Metodieva, merchants aren’t always prioritizing the diversification of their banking solutions.

B2B 119
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Healthcare's Back Office Catches Up To The Industry's Digitization Push

PYMNTS

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies.

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How China Fuels Alternatives To Correspondent Banking

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China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. “Getting correspondent bank accounts is the biggest challenge every payment service provider is facing. ” The M&A Route. Correspondent Banking Disruption.

Banking 76
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Western Union CFO: Pandemic Tailwinds Fuel Digital Remittances

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That's because WU can more easily and directly connect online users to deals and offers, and more effectively foster an account relationship, with Agrawal predicting many of these new customers likely to stick around as long-term customers even after the pandemic. A Long-Term Outlook For Growth. But it will continue to progress.".

CFO 96
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SMBs Find Cash Flow Support In Cards

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As organizations are scrambling to digitize their B2B payment processes in a remote work environment and prioritize liquidity management to mitigate volatility, Boost Payment Solutions Founder and CEO Dean M. Boost Finds A Surge In Corporate Card Interest. “Everybody’s really concerned about cash,” he said.

B2B 62
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Faster Payments Takes Off For Corporates, But Not Blockchain

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But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all).

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How Digital Assets Could Reshape The Future Of Corporate Treasury

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“As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. According to Sully, the message is “modernize today so you can integrate tomorrow.”.