PYMNTS

FEBRUARY 16, 2017

B2B payments company Payoneer is one of the latest firms to use this strategy. He added that Payoneer supports a variety of payment methods across dozens of markets and currencies. “I I can’t think of any bank that a small business can go to to get anything close to that range of basic payment and currency capabilities,” he said.

B2B 75

B2B Reconciliations Currencies Technology 75

PYMNTS

JANUARY 21, 2021

Today in B2B payments, European banks grow wary of small business loans, and Xero collaborates on API bank connectivity. Darin Horrocks, senior vice president, B2B, at REPAY, said the company’s aim has been to assist its clients with streamlining and perfecting supplier payments by automating them using one interface. “We

B2B 85

B2B Banking Reconciliations Currencies 85

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

NOVEMBER 20, 2019

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. The platform integrates cross-border billing, payment acceptance and reconciliation into a single solution. “In

Accounting 83

Accounting Reconciliations Invoicing Currencies 83

PYMNTS

JANUARY 21, 2021

-based bank to help them finance their corporate trade owing to a sophisticated blockchain platform for B2B payments, a press release says. HashCash's HC Corporate Payment will come with immediate reconciliation, real-time document sharing and automation via smart contacts, in order to enable quicker, more effective B2B payments.

Banking 93

Banking Reconciliations B2B Education 93

PYMNTS

SEPTEMBER 9, 2020

The services include Payments on Behalf of (POBO) and Collections on Behalf of (COBO) features, meaning the banks and payments businesses can show sender details while processing B2B payments, according to the company. The IBAN is used for letting companies send and receive cross-border payments in real time. and SEPA, the company stated.

B2B 64

B2B Banking Reconciliations Currencies 64

PYMNTS

FEBRUARY 8, 2019

marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs). “SMBs could be exposed to significant sterling fluctuation,” said Western Union Senior Currency Strategist Nawaz Ali in a statement sent to PYMNTS in December.

Currencies 61

Currencies Foreign Exchange Reconciliations Treasury 61

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

SEPTEMBER 23, 2020

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. Mesh Payments Rolls Out Cardless B2B Recurring, One-Time Payments. A letter by the OCC published on Monday (Sept.

Banking 85

Banking Planning Currencies Reconciliations 85

PYMNTS

FEBRUARY 6, 2020

As the company readies for early adopters later this year, Transparent Systems also acknowledged that it will initially target the B2B payments landscape. But as Kramer explained, there are opportunities for real time in the B2B landscape. Corporates’ Real-Time Demand. How does it change people’s jobs and the way they do business?”.

B2B 67

B2B Reconciliations Treasury Technology 67

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. However, that understanding has not traditionally been the focus of B2B payments service providers. and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

DECEMBER 12, 2019

There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. It’s a situation that has gone from inconvenient to insufferable in just a few years, and 2020 appears to be a tipping point.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

JANUARY 20, 2021

Ryan Frere, executive vice president and general manager of B2B for Flywire , believes that embedded finance in B2B is key to payments optimization in 2021. That’s no surprise, given the pace of innovation in B2C versus B2B payments over the years. It doesn’t have to be complicated, though.

B2C 70

B2C B2B Currencies Invoicing 70

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

MARCH 10, 2020

This is even more imperative when it concerns their multi-currency financial reporting as there is no room for errors.”. “An As more small businesses enter overseas markets, it’s important that their multi-currency payments flow seamlessly in Xero and are automatically reconciled,” said Ian Boyd, financial industry director at Xero.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 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. “This combination increases data accuracy, and shortens payment cycles.”

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. After a few quiet weeks, U.S.

B2B 53

B2B Investments Startups Reconciliations 53

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. In a chat with PYMNTS, Moon emphasized the role of cross-border B2B payments in the ability of the RMB to remain a strong contender in global payments. RMB usage made up 1.61

B2B 44

B2B Currencies Reconciliations Banking 44

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. A Reconciliation Headache. Data’s Favorite Payment Rails.

Reconciliations 61

Reconciliations B2B Invoicing Accounting 61

PYMNTS

AUGUST 3, 2020

“Being the world’s reserve currency, naturally regulators are going to take more time. The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation. As a whole, the U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

SEPTEMBER 26, 2018

The virtual account solution is currently available for clients across Western Europe, supporting 16 jurisdictions and 37 currencies. The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Citi said it plans to expand the offering into the U.S.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

PYMNTS

OCTOBER 8, 2018

B2B payments company TransferMate Global Payments has announced a partnership with AccountsIQ , which will enable its customers to access preferential FX rates for payments through an automated solution within the AccountsIQ system. TransferMate is delighted to announce this new partnership with AccountsIQ.

Reconciliations 69

Reconciliations B2B Accounting Currencies 69

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

NOVEMBER 26, 2019

B2B order-to-cash solution provider Billtrust recently announced a partnership with commercial payments firm WEX, which will join Billtrust’s Business Payments Network (BPN). WEX will connect its commercial customers to the BPN, which promotes buyer-supplier integration to streamline B2B transactions.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. Amadeus B2B Wallet Expands Functionality. The integration also supports automated reconciliation and cash flow management, the companies noted in a press release.

Reconciliations 67

Reconciliations Accounts Payable B2B Risk Analysis 67

PYMNTS

JULY 8, 2016

With nearly $50 million in venture capital funding for B2B startups this week, the field didn’t fare too bad. Cross-Border B2B Payments. With $3 million in new venture capital, Australia-based Airwallex is helping businesses pay and issue cross-border invoices in the currency of their choice. ” Logistics.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

JULY 10, 2020

Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. 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

JANUARY 22, 2021

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. The focus is on real-time transactional data, and making sure we take manual processes out of reconciliation.".

Healthcare 74

Healthcare B2B Prioritization Accounts Payable 74

PYMNTS

MAY 3, 2018

Cross-border B2B payments is a large and growing market. trillion world of cross-border B2B payments. On the backend, the integrated solution will enable Flywire and Billtrust to securely share account and invoice details while matching reconciliation data. As of 2017, the space was valued at $18.5 The Value Added.

B2B 40

B2B Reconciliations Invoicing Currencies 40

PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. The challenges of international financial workflows don't end once a payment is received and currency conversion occurs, either. It can be nightmarish.".

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

MAY 18, 2017

Flywire also looks at reconciliation, where such payments of size have traditionally been done through international wire transfers.”. to Spain or Japan … the customer now has options to pay using a bank transfer, local currency or credit card.”. And wire transfers, he said, are a manually intensive process.

Invoicing 59

Invoicing B2B Reconciliations Currencies 59

PYMNTS

APRIL 30, 2020

ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness. Business payment and accounting firm Gilded is targeting the friction associated with legacy payment rails, instead embracing blockchain to facilitate global transactions in digital currency.

Invoicing 73

Invoicing Reconciliations Currencies B2B 73

PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. One of the biggest challenges in B2B payments today for both buyer and supplier is the need for transaction data for remittance, reconciliation and accounting.

Accounts Payable 72

Accounts Payable Accounting Invoicing General Ledger 72

PYMNTS

SEPTEMBER 7, 2017

Cross-border B2B payments company Veem is integrating with cloud accounting platform Xero. Users can now pay their bills directly from within the Xero platform, the companies said, with support for multiple currencies and payments to more than 60 countries. Veem announced Thursday (Sept.

Invoicing 50

Invoicing Reconciliations B2B Currencies 50

PYMNTS

MAY 20, 2019

TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its Global Invoice Connect platform for U.S. dollars or in the customer’s local currency. based international businesses. Global Invoice Connect provides electronic bill presentment in U.S.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

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

APRIL 29, 2019

This improves payments acceptance, settlement times and reconciliation without the burden of multiple banking relationships, high fees and slow transfer times.” Ixaris, meanwhile, previously announced a collaboration with Visa Europe to promote the use of virtual cards in B2B travel payments.

Banking 51

Banking Reconciliations B2B Currencies 51