PYMNTS

JANUARY 8, 2021

Today in B2B payments, ActiveWorx launches its B2B payment optimization tool, while PayJunction debuts an eInvoicing feature. ActiveWorx Introduces B2B Payments Offering on AP Platform. has rolled out B2B payments optimization offerings on its platform. ActiveWorx, Inc. ActiveWorx, Inc.

B2B 86

B2B Treasury Invoicing Finance 86

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. Within the B2B space, especially, technology can improve payments processes that are time-consuming and error-prone. The problems are analog.

Accounting 94

Accounting Invoicing B2B Treasury 94

PYMNTS

DECEMBER 3, 2020

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. Hernandez touts end-to-end solutions like Mastercard Send as the kind of solution that many treasury banks are adopting.

Treasury 89

Treasury Prioritization Banking B2B 89

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? The question is seemingly an eternal one in the business realm: build vs. buy. Cost is only one consideration. Where The Banks Are Focused .

B2B 86

B2B Accounts Payable Treasury Reconciliations 86

PYMNTS

NOVEMBER 9, 2020

I think when the pandemic hit in early March, it really put a gun to the head of many companies by taking what have been Byzantine processes around accounts payable or accounts receivable and moving to much more digital means,” Jay Dearborn , president, corporate payments of WEX Inc. told PYMNTS. And apparently, he’s not alone.

Accounts Payable 109

Accounts Payable B2B Treasury Accounting 109

PYMNTS

SEPTEMBER 19, 2018

The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions.

Treasury 77

Treasury B2B Invoicing Banking 77

PYMNTS

AUGUST 14, 2020

Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. Treasury is very well-positioned to handle all of these activities,” added Sinha. trillion by 2021.

eCommerce 118

eCommerce B2C Treasury B2B 118

PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury.

Accounting 72

Accounting B2B Accounts Payable Treasury 72

PYMNTS

OCTOBER 6, 2020

At least insofar as 2020 has shaped up, and especially where B2B payments have been concerned. Every company in the world is wrestling right now with their accounts payable (AP) and accounts receivable (AR) and they are pondering why they are still reliant on physical checks. Improving the B2B Customer Experience.

B2B 84

B2B Treasury Communication Accounts Payable 84

PYMNTS

OCTOBER 14, 2020

Paper checks still remain part-and-parcel of B2B payments for many entities, however, something that can obscure the true state of their cash flow, and that can slow the delivery of funds to waiting employees or suppliers. Digital disbursements therefore appear to be taking a greater role in treasury management.

Treasury 103

Treasury Banking B2B Invoicing 103

PYMNTS

NOVEMBER 20, 2019

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. In an announcement , Citi revealed the launch of its Citi Global Connect platform, enabling corporates to accept B2B payments across borders with integrated FX capabilities.

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The bank said in an announcement Tuesday (Sept. Citi said it plans to expand the offering into the U.S.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

OCTOBER 13, 2020

In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.

Treasury 76

Treasury Banking B2B Reconciliations 76

PYMNTS

JANUARY 28, 2021

Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way. But it may not be smooth sailing ahead. We’re not just talking about the digitization of fiat,” he said.

Treasury 84

Treasury Foreign Exchange Accounts Payable Currencies 84

PYMNTS

DECEMBER 18, 2020

For the new B2B Payments Innovation Readiness Playbook: Adapting to Cash Flow Challenges Posed by the Pandemic , a PYMNTS and American Express collaboration, researchers surveyed over 2,200 treasury executives from small to large businesses across several verticals. The Most Problematic Areas. percent), manual processes (49.2

Treasury 76

Treasury Invoicing B2B Reconciliations 76

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

OCTOBER 6, 2020

Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. Furthermore, those who work in treasury can access reports seamlessly and maximize the potency of their information with a CashPro reporting API.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

PYMNTS

SEPTEMBER 22, 2020

ClearBank Dives Into Multicurrency Accounts Via API. clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time. In the U.K.,

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

NOVEMBER 21, 2016

As Meredith noted, blockchain can be seen as “an interconnected system” that can help alleviate some of the complexity of the treasury and trade (in a B2B focus) functions of a firm. The tokens that exist across corporate credit, he added, can be used to manage accounts receivable and payable.

B2B 71

B2B Invoicing Treasury Securities 71

PYMNTS

FEBRUARY 10, 2020

FinTech firm Fiserv is partnering with software company SAP to help worldwide B2B companies streamline payments and improve working capital, Fiserv announced on Monday (Feb. ” SnapPay handles the accounts receivable (AR) and accounts payable (AP) processes of large and mid-sized companies. .”

SAP 67

SAP B2B Accounts Payable B2C 67

PYMNTS

FEBRUARY 5, 2020

Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use business-to-business (B2B) APIs securely and optimally. The February B2B API Tracker explores the hesitancy toward APIs, as well as how third-party providers are using them to provide new business services. Around The B2B API World.

B2B 78

B2B eCommerce Treasury Banking 78

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. According to Lansdowne-Higgins, among the biggest challenges in accounts payable today is the data silos.

B2B 62

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

PYMNTS

JANUARY 15, 2021

Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. B2B payments FinTech Qolo has announced a $3.8 Modern Treasury.

B2B 67

B2B Finance Treasury B2C 67

PYMNTS

AUGUST 31, 2020

In addition to steering their organizations through the murky and rocky waters of an economic downturn, treasury departments are securing a place at the decision-makers' table to offer higher-level guidance. Some may say, 'data is the next oil,' but it can't be if the company doesn't have the platform to optimize its use.".

Treasury 74

Treasury Mergers and Acquisitions (M&A) Prioritization Investments 74

PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. From a technical perspective, virtualization allows firms to integrate file-based and API-based functionality into their ERP infrastructure, procure-to-pay and treasury management platforms in an automated fashion.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

SEPTEMBER 24, 2020

The consumerization of B2B payments is taking its cue from contextual commerce. Every bank can offer ACH and card payments, but application programming interfaces ( APIs ), gathering data from disparate parts of the financial ecosystem, are helping make the bank account the focal point of the corporate’s universe, embedded into the ERP.

B2B 94

B2B Banking Treasury Risk Management 94

PYMNTS

DECEMBER 10, 2019

FIs looking to recruit and keep corporate customers are working to accelerate clients’ B2B payments, with many finding application programming interfaces (APIs) key to delivering compelling payment solutions that are easy for those clients to adopt. Around The B2B API World. Find the full story in the Tracker.

Treasury 52

Treasury Accounts Payable B2B Banking 52

PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments. Strengthening B2B Ties. Expanding The Scope. Monetizing The Virtual Card.

B2B 70

B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

SEPTEMBER 26, 2018

For years, B2B FinTech players have pressed businesses to adopt electronic payments. With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. less to process a single invoice.

Accounts Payable 64

Accounts Payable Accounting Invoicing B2B 64

PYMNTS

JANUARY 18, 2019

With more than $65 million placed with B2B FinTech firms this week, it wasn’t the most lucrative roundup for the industry. Yet, venture capitalists revealed revamped interest in the B2B eCommerce and procurement spheres, exploring technologies like blockchain to enhance supply chains and the buyer-supplier relationship.

B2B 65

B2B eCommerce Investments Treasury 65

PYMNTS

FEBRUARY 10, 2020

Lingering issues of trust and a foggy regulatory climate continue to hold up B2B adoption of faster payments among financial institutions (FIs), but nothing can hold it back. The latest B2B API Tracker gives numerous examples of how this is playing out. What has emerged are exciting new ways to access and monetize banking services.

B2B 59

B2B Treasury Banking eCommerce 59

PYMNTS

DECEMBER 9, 2020

Numerous currencies and blockchains can utilize Circle’s new Digital Dollar Accounts infrastructure and can help customers “leapfrog into truly native digital money, digital assets and treasury infrastructure that is, in fact, built on open internet infrastructure,” Allaire said.

Currencies 103

Currencies Treasury B2B Compliance 103

PYMNTS

AUGUST 27, 2019

26) that its corporate treasury APIs and its CitiConnect API platform have processed more than $26 billion for corporate clients. Citi pointed to account balance inquiries, payment status reports and payments as the most popular API calls processed on the platform. Citi announced on Monday (Aug. ”

Treasury 63

Treasury Foreign Exchange Banking Numbers 63

PYMNTS

DECEMBER 28, 2020

PYMNTS December 2020 Global B2B Payments Playbook done in collaboration with Worldpay makes a simple, somewhat baffling observation: “Many B2B payments are [still] being made over the same rails that firms have leveraged for decades, utilizing familiar payment tools and being supported by the same pre- and post-payment systems.”.

B2B 71

B2B Cash Flow Forecasting Invoicing Leverage 71

PYMNTS

NOVEMBER 25, 2020

The COVID-19 pandemic is inspiring many businesses to accelerate their shifts to digital transaction methods as workforces operate remotely from home, and many are finding that doing so is helping them overcome traditional business-to-business (B2B) payment frictions. Around The B2B Payments World. Get the full Deep Dive in the Report.

Invoicing 95

Invoicing Accounts Payable B2B CFO 95

PYMNTS

OCTOBER 29, 2020

Radius Bank has advanced in its relationship with application programming interface (API) firm Treasury Prime with the rollout of its Commercial API Banking Platform and sandbox testing technology, according to a Thursday (Oct. The Radius API checking account lets business customers use their own operating systems to handle their banking.

Banking 72

Banking B2B Treasury Cash Management 72

PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. The vast majority of treasury organizations want simple, tech-driven solutions that don’t require them to go out and make use of new products.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97