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

AUGUST 7, 2018

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. The concept of a B2B payments directory isn’t new. Lawrence Buettner is one member of the industry participating in this effort.

B2B 40

B2B Financial Systems Securities Technology 40

PYMNTS

AUGUST 15, 2018

B2B payments continues to enjoy its moment in the innovation spotlight, but the industry still has a long way to go if it’s going to beat the race against paper and manual processes. ACOM Solutions SVP of Core Business Division James Scott says there are a few things that the B2B payments industry is certainly getting right today.

B2B 40

B2B Accounts Payable B2C Reconciliations 40

PYMNTS

AUGUST 10, 2017

As more FinTechs seek to engage with banks’ financial systems, Carone said APIs are going to be play a key role in helping these newcomers work effectively with more established financial institutions’ legacy systems. You’ve got to establish systems to grow in ways that the market is demanding,” Carone said.

Banking 80

Banking B2B Startups Foreign Exchange 80

PYMNTS

AUGUST 1, 2019

This is an important step in adding greater transparency to the financial system and the world at large. Paystand says it is the only digital B2B payment network that helps companies digitize the entire cash cycle. The launch in Canada is part of Paystand’s global push to digitize B2B payments. .

B2B 64

B2B Invoicing Financial Systems Securities 64

PYMNTS

APRIL 22, 2020

The traditional process of setting up bank accounts in multiple jurisdictions is a headache and too resource-intensive for many small businesses, like B2B exporters. According to David Rosa, co-founder and CEO of Hong Kong-based Neat , this is true even for SMBs that use a bank with branches throughout the world. ”

Currencies 96

Currencies Advertising B2B Finance 96

PYMNTS

JANUARY 6, 2021

The platform lets B2B, P2P and other commerce take place over Mexico’s real time gross settlements payments system, known as SPEI (in turn tied to wire transfers) for short. And they're used basically once with an ATM to withdraw" funds, said Diaz. Diaz estimated that cash still accounts for as much as 95 percent of transactions.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

MARCH 12, 2020

Mastercard says it is striving to create a digital financial system and is working closely with stakeholders to deliver inclusion through web connectivity.

B2B 72

B2B Financial Systems Securities Economics 72

PYMNTS

MARCH 18, 2016

The cloud has transformed virtually every industry, yet it’s had a lesser impact on the financial system to date, leaving banks and the businesses they serve without an efficient means to move money,” he said. But it’s only recently that FIs have been interested in the technology, Kriplani explained.

B2B 40

B2B Accounts Payable Banking Invoicing 40

PYMNTS

FEBRUARY 1, 2021

Instead of talking about connecting kitchen appliances, we can provide an online connected experience between companies — even if they have chosen different financial systems,” he told PYMNTS, noting that this approach is dubbed the “Internet of Systems.”. A Decade Of Disparate Technology.

Finance 82

Finance Invoicing Reconciliations Prioritization 82

PYMNTS

AUGUST 31, 2017

How my kids interact with the financial system in their 20s is very different from how I interacted with it in my 20s. They’re used to immediacy, and they expect that with the payments system as well.”. Sapenaro said B2B payments, too, are finally experiencing innovation and progress, but it still has a long way to go.

B2B 64

B2B Securities Technology Financial Systems 64

PYMNTS

MAY 15, 2019

… We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. High-value payments are going to be the supplier management systems between big companies and middle-market companies. That’s B2B Connect,” he said. Single Point Of Connection.

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

OCTOBER 10, 2016

The statistics came from HM Revenue & Customs, which reported that, for a significant portion of SMEs in the nation, cash is still king — for both B2B and B2C payments. Luckily, the majority (54 percent) said most of their supplier payments are done via electronic rails.

Investments 74

Investments B2C B2B Banking 74

PYMNTS

OCTOBER 17, 2016

But for smaller companies, procuring technology can be a financial and administrative burden, and a lot of times, the problems that can be solved with technology were created by technology in the first place. 78% of U.S.

Technology 76

Technology Invoicing Financial Analysis B2B 76

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. According to the announcement, nearly 60 percent of the UAE workforce does not participate in the country’s traditional financial system.

B2B 52

B2B Currencies Securities Invoicing 52

PYMNTS

MARCH 26, 2018

B2B payments startup Candex announced $3.5 Candex brings the speed and ease of consumer payment apps to large businesses, leveraging a private blockchain to ensure compliance and massively streamline financial system records.”. B2B payments is an increasingly attractive target for investors.

Accounts Payable 43

Accounts Payable Vendor Management B2B Startups 43

PYMNTS

MARCH 22, 2016

Accounts payable and B2B payments automation firm MineralTree is taking new paths to spread the seed of its solution. Last year, MineralTree announced an $11 million funding round led by First Data, a deal that also brought First Data Executive Vice President and Head of Financial Services Andrew Gelb onto MineralTree’s board.

Accounts Payable 40

Accounts Payable B2B Invoicing Financial Systems 40

PYMNTS

OCTOBER 1, 2018

Yet, what’s amazing to me is that we are still, as an industry, talking about it — bitcoin, now crypto, blockchain — as if its potential to revolutionize our global financial system, and the way money moves between parties around the world, is just around the corner. But as the salvation of our global financial system, not even close.

Currencies 85

Currencies Concentration Financial Systems Leverage 85

PYMNTS

DECEMBER 22, 2020

The State Bank of Pakistan (SBP) is looking at making corporate supply chains digital, a report from Pakistan Today stated, with an eye toward more financial inclusion. “It It is the overarching aim of the State Bank to ensure a safe and secure financial system," said SBP Deputy Governor Sima Kamil at a web conference, per the report.

Banking 86

Banking Invoicing Financial Systems Retail 86

PYMNTS

SEPTEMBER 14, 2017

By some accounts, the value of cross-border B2B payments could reach $3.68 Many merchants understand cross-border trade ventures come with risks, especially when dealing with partners in other countries that use different currencies and languages and conduct business using their own preferred financial systems. trillion by 2025.

Education 76

Education Healthcare Currencies B2B 76

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

PYMNTS

AUGUST 15, 2019

Justin Ferrabee, chief operating officer of Canadian payments clearing and settlement system operator Payments Canada, told PYMNTS in a recent interview that reliable data is also key to supporting anti-money laundering (AML) and know your customer (KYC) compliance efforts. . High-value payment systems operated by the U.S.

Treasury 58

Treasury Prioritization B2B Compliance 58

PYMNTS

JANUARY 10, 2020

Are Virtual Cards The Future Of B2B Travel Payments? When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers.

Healthcare 52

Healthcare B2B Startups Risk Management 52

PYMNTS

JANUARY 23, 2018

Specifically, in certain categories like B2B check payments, the decline is slowing at a much more gradual pace than [in] the past,” he said, citing recent data from the Federal Reserve, whose payments study , released in December 2016, found a slowdown in the reduction of check use in the U.S.

B2B 43

B2B Treasury Banking Financial Systems 43

PYMNTS

JUNE 4, 2020

It’s a fast and radical transformation that the post-2008 financial system was kind of prepared for. Shifting consumer and business approaches to financial products are driving permanent demand for faster and more flexible banking services,” Seth Brennan , managing director of Wirecard North America, told PYMNTS. Life went on.

Banking 52

Banking B2B Financial Systems Planning 52

PYMNTS

JANUARY 27, 2021

Financial services and payments in particular have seen progress in the last 10 years, the release stated. “By These platforms made it easy to facilitate payments to businesses.”.

Accounts Payable 71

Accounts Payable Financial Systems Startups Accounting 71

PYMNTS

JULY 16, 2019

Mnuchin added that the Treasury has informed Facebook, as well as other cryptocurrency users, that they need to implement the same anti-money-laundering and counter-terrorism safeguards as other financial institutions. We will not allow digital asset service providers to operate in the shadows.”.

Treasury 75

Treasury Securities Currencies Financial Systems 75

PYMNTS

MAY 2, 2019

He noted that “new finance can unlock more sustainable and inclusive growth, provide consumers greater choice, [provide small business (SMB)] access to credit to grow — all of which ensures the financial system can become more resilient,” according to the publication.

Banking 78

Banking Strategic Planning Currencies Financial Systems 78

PYMNTS

DECEMBER 3, 2020

Kofax's solutions, the release stated, help to boost the speed and ease of processing financial documents and data, including automation of time-consuming manual work and easy ways to connect financial systems. The new solutions will go further toward transforming AP processes with automation.

Accounts Payable 69

Accounts Payable Accounting Invoicing Compliance 69

PYMNTS

NOVEMBER 28, 2016

.” Being able to impact more niche areas of the banking system is another way the Faster Payments program has changed in the last several years. And among those niche areas is B2B payments, Hay said. “Yes, a few years ago, Faster Payments was primarily seen as a consumer service,” he agreed.

Banking 54

Banking B2B Cash Management Technology 54

Future CFO

OCTOBER 10, 2023

In conventional financial systems , once a transaction is confirmed, it cannot be undone. This is why understanding the finality in this technology is important in maximising its benefits. For the blockchain to be secure and authentic, this concept is crucial.

Economics 52

Economics B2B Financial Systems Securities 52

Adam Kae

FEBRUARY 28, 2023

For example, if you're targeting a B2B audience, LinkedIn might be a better platform than Instagram. At Adam Kae & Associates, we work with many Digital Marketing Agencies as a Virtual CFO to create financial strategies and financial systems.

CFO 52

CFO Advertising B2B Financial Systems 52

PYMNTS

MAY 1, 2018

Although discussion threads are not public, CTO Doug Hathaway said the flow is like a “Twitter for B2B.” And third, there are now “payments banks” that can fulfill many services traditionally provided by banks, bringing even more people into the formal financial system.

Startups 50

Startups Accounts Payable Pharmaceutical B2B 50

PYMNTS

JUNE 1, 2017

NICE Actimize, a company that offers corporate software to safeguard financial systems, is targeting corruption and bribery for its enterprise clients. As the owners of the books, the accountants are the first line of defense to identify anything that may look suspicious,” Willbrand added.

Auditing 40

Auditing Financial Systems Analyzing Data Entertainment 40

PYMNTS

MARCH 26, 2019

That partnership was made possible by Kyriba’s global connectivity hub, which aims to link financial systems to treasurers for integrated, automated treasury management processes. ”

Treasury 66

Treasury Valuation Financial Systems Banking 66

PYMNTS

DECEMBER 29, 2020

Respondents in a June survey of healthcare provider chief financial officers said they expected notable drops in revenue this year and that their firms would have to make reductions in spending. The study found that submitting claims manually often costs providers $3.30 per claim, with each taking six minutes to process.

Healthcare 52

Healthcare B2B Budgeting Planning 52

PYMNTS

MARCH 30, 2020

CMS Administrator Seema Verma said the expanded funding is aimed at easing the extreme burdens on the financial system, as providers have been asked to delay nonessential but still revenue-generating surgeries and some employees haven’t been able to work due to childcare demands.

Healthcare 63

Healthcare Financial Systems B2B 63