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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. This creates new challenges and paradigms for payment flows. Meeting Corporate Buyer Demands.
In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreignexchange. Plus, blockchain projects move closer to launch in the U.S. and abroad.
This new set of APIs offers users a way to “integrate their financial institutions, accounting and enterprise resource planning ( ERP ) systems and their account on GlobalPay,” according to the release. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).
With its newest offering designed for legal cannabis businesses , AeroPay ‘s B2C and B2B payment tools aim to help companies in this market migrate away from manual and paper-based payment methods. dollar to move funds across borders without bank intervention — and thus, without foreignexchange (FX) fees and other markups.
However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.
Apart from supplier payments, the shift could have significant impacts on foreignexchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As
The CitiConnect platform has processed more than 157 million API calls since its launch, and the APIs focused on a range of treasury services integrated directly with 55 corporate clients’ enterprise resource planning platforms. The Consumer as Part of the Flow.
Liquidity and cash investment plans would be made by 10 a.m. As Chakravarti told Karen Webster in a PYMNTS podcast in the “Treasurer’s Need to Know” series, there are several forces at work, impacting businesses and also the ways that treasurers and their teams manage cash, liquidity and foreignexchange. Maybe not even weekly.
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