PYMNTS

FEBRUARY 18, 2019

However, participation from the traditional financial services sector isn’t necessarily a requirement when it comes to crypto adoption, even in the B2B payments market, according to BitRail Co-founder and Vice Chairman Cameron Chell. BitRail doesn’t yet operate in the B2B payments space. ” Confusion, Doubt Remain. .

B2B 70

B2B Compliance Accounts Payable Securities 70

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?ius,

Banking 113

Banking Compliance Currencies B2B 113

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. According to Acting Comptroller of the Currency Brian P. Mexico, Nigeria and Tanzania.

B2B 75

B2B Banking Currencies Treasury 75

PYMNTS

JULY 13, 2016

The B2B industry, never one to rush on board to embrace technology, is incrementally but surely moving toward streamlining payments processes, with an eye on reducing complexity and cost, as noted in a recent blog post by The Bancorp. But there’s a groundswell.

Currencies 40

Currencies B2B Treasury Invoicing 40

PYMNTS

OCTOBER 30, 2018

Strength in global consumer spending — along with double-digit cross-border gains and traction in B2B payments — marked third-quarter Mastercard results released Tuesday (Oct. percent year on year, edged analysts’ estimates slightly, though management noted that revenue on a currency-neutral basis, and excluding items, was up 17 percent.

B2B 71

B2B Currencies Economics eCommerce 71

PYMNTS

SEPTEMBER 22, 2020

According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. The system will integrate currency exchange into every transaction, enabling customers to track payments in real time.

B2B 99

B2B Compliance Currencies Banking 99

PYMNTS

FEBRUARY 21, 2020

In a market ecosystem where Instagram influencers are a new norm in advertising, and where corporate sponsorships are diversifying throughout the digital ether, businesses’ vast network of strategic B2B partnerships is getting even bigger, and more complex. From Discovery To Payment. Slashing The AP Ambiguity.

B2B 65

B2B Accounts Payable Invoicing Advertising 65

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. There are also an “extremely high number” of tax rules.

Compliance 58

Compliance Marketing Currencies Corporate Finance 58

PYMNTS

OCTOBER 8, 2018

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Making B2B Payments Rails Hot. Today, a host of innovators are making B2B payments rails sexy again too. Last Thursday in New York, we had that debate, live, as part of the closed-door B2B Payments Summit hosted by PYMNTS.

B2B 76

B2B Banking Economics Securities 76

PYMNTS

DECEMBER 10, 2019

Although cross-border B2B payments have progressed into an area of financial services in which both traditional and FinTech players are innovating, moving money across borders between businesses is a feat with no shortage of friction points. Cross-border B2B payment service providers today must multitask. Cost Versus Speed. In the U.S.,

B2B 52

B2B Compliance Banking Currencies 52

PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. B2B payments market. Going Further With Open Banking. “In addition to card and ACH/wire requirements, the U.S.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S. Establishing Trust And Confidence.

Treasury 129

Treasury Currencies Cash Management Benchmarking 129

PYMNTS

APRIL 22, 2020

But when it comes to establishing operations abroad and managing money throughout the globe — whether it be reconciling finances across multinational business units or paying suppliers in foreign currencies — the challenges are vast. ” Exploring Alternatives. ” Exploring Alternatives. ” Easing Payments Friction. ”

Currencies 96

Currencies Advertising B2B Finance 96

PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. In addition to adding support for card payments on invoices, QuickBooks upgrades also include a cash flow planning tool, invoice payment reminders, open banking support, receipt data capture and payroll compliance. Airwallex Readies B2B X-Border Card.

B2B 52

B2B Invoicing Startups Compliance 52

PYMNTS

MAY 31, 2016

Earlier this month, GoldMoney , a FinTech that operates a financial services and payments platform that uses gold to settle transactions globally in any currency, launched its Gold Payroll and Gold Payout applications. As a global currency in and of itself, gold has universal acceptance.

B2B 47

B2B Foreign Exchange Currencies Compliance 47

PYMNTS

MAY 22, 2019

The changes would aim to keep remittances in compliance with anti-money laundering (AML) measures in the regions. Deep Dive: The State of B2B Cross-Border Payments. B2B payments are also getting faster alongside consumer-facing payments, but many are retaining familiar complexities. About the Tracker.

B2B 72

B2B Compliance Securities Banking 72

PYMNTS

MARCH 16, 2017

Cross-border payments company Flywire is stepping into new territory: B2B payments. With its start in the education and healthcare sectors, Flywire’s expansion into B2B payments isn’t far of a stretch for the company, which already supports high-value international payments like tuition or medical care costs. Time For Change.

B2B 43

B2B Marketing Compliance Invoicing 43

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Banking 85

Banking Planning Currencies Startups 85

PYMNTS

APRIL 26, 2019

How to Shake up B2B Financing at the Point of Sale. The idea started in the B2C world, but it wasn’t long before online sellers were asking about the use of point-of-sale financing for B2B — at least according to Chris Tsai, co-founder and CEO of Resolve, an Affirm spin-off, in an in-depth PYMNTS interview earlier this week.

B2B 70

B2B Compliance B2C Currencies 70

PYMNTS

MAY 12, 2017

The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company. In comparison to P2P transfers, B2B payments logistically involve more heavy lifting, Laven said.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

OCTOBER 1, 2018

After all, it stands to reason that the more links there are in the supply chain (spread out, and even global in nature), the harder it is to deliver absolute confidence in production methods, quality of products, transparency of payments and regulatory compliance. We are expanding the traditional buying base for gold,” he told PYMNTS.

Currencies 73

Currencies B2B Manufacturing Compliance 73

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. Artificial intelligence ensures regulatory compliance and fraud protection.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. Flexibility is Key. PaaS could be worth as much as $16.7 Morgan (Onyx is a new J.P.

B2B 61

B2B Compliance Currencies Technology 61

PYMNTS

OCTOBER 23, 2018

While wire remains a popular rail for global transactions, BofA Merill said, “Many smaller banks lack the infrastructure, the accounts and the mechanisms to handle the currency conversions themselves.” The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.

Foreign Exchange 76

Foreign Exchange Banking Currencies Compliance 76

PYMNTS

APRIL 3, 2018

According to FIS, use of alternative FinTech is on the rise, with more than a third of SMBs reporting they already use non-bank financial apps to make B2B payments. On the other band, banks with regulators want to enforce their processes, compliance and charges to customers.

Banking 70

Banking Currencies Compliance B2B 70

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. The tool is aimed at improving speed, security, transparency and compliance. . 10) press release. earlier this month.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. In a press release sent to PYMNTS on Thursday (Aug. dollars. “In

Currencies 40

Currencies Cash Management Treasury Compliance 40

PYMNTS

DECEMBER 8, 2017

And especially in cross-border payments , where, amid globalization, currencies shift and businesses connect across time zones, languages and even industries. Cambridge, of course, as an international B2B payments provider, has seen some sea change of its own, having been acquired this past August by FLEETCOR Technologies.

B2B 44

B2B Technology Invoicing Compliance 44

PYMNTS

DECEMBER 14, 2017

In fact, in the last 24 hours, the virtual currency has seen investigations into illegal exchanges, regulators around the world issuing warnings about its volatility, worries about fraud and also real estate transactions intended to be made only in bitcoin.

Compliance 49

Compliance B2B Currencies Banking 49

PYMNTS

SEPTEMBER 12, 2017

B2B payments. Among 70 executives from 37 countries that CurrencyCloud polled in a study marking its third year, this is the percentage that saw the greatest profit potential in B2B, and in the likelihood of changing the way back offices process payments. Compliance and data integration are valuable services for those firms, he said.

B2B 40

B2B Compliance Numbers Banking 40

PYMNTS

OCTOBER 22, 2019

They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations. International B2B Payments Pains. Limited connections between FIs can cause delays and higher costs as well. Mexico transactions in 2018.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

JANUARY 24, 2021

One facet of helping with compliance is the automatic recording of journal entries. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Accounting 71

Accounting Compliance Invoicing Currencies 71

PYMNTS

MAY 3, 2018

Cross-border B2B payments is a large and growing market. trillion world of cross-border B2B payments. Unfortunately, “regulation and compliance issues alone could stymie businesses out of cross-border expansion,” Massaro said. As of 2017, the space was valued at $18.5 Solving for Speed, Timing and Price.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

MAY 18, 2017

Many payment providers are set up to aid transactions on a low value, low volume basis, Althaus said, “but as the size of cross-border payments gets into the thousands, tens of thousands and hundreds of thousands of dollars, this opens up a whole other level of complexity from the view of compliance” and the process of moving money.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Globalization.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

AUGUST 17, 2018

B2B FinTech is undoubtedly a hot spot for venture capitalists (VCs) this year. However, this summer, a different kind of B2B startup has captured investors’ attention. AuditBoard’s technology helps organizations and their auditors manage risk mitigation and compliance efforts.

B2B 40

B2B Startups Auditing Invoicing 40

PYMNTS

JULY 1, 2020

B2B payments are often complicated by incompatible systems that delay transactions and add additional fees. In this month’s B2B API Tracker, PYMNTS speaks with Gaston about how legacy systems have impeded open banking — and what it will take for banks to embrace APIs and accelerate B2B payments.

B2B 52

B2B Compliance Entertainment Currencies 52