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Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Everlink Payment Services is teaming with workflow solutions provider FINTAINIUM to offer B2B and B2C payments in real time, leveraging the ISO 20022 global standard, according to a press release. They can also assess ongoing credit quality.
Most of the examples we know of today are on the B2C side. That’s no surprise, given the pace of innovation in B2C versus B2B payments over the years. I hope we can leverage that urgency to prioritize a lot more examples of embedded finance on the B2B side in 2021. It doesn’t have to be complicated, though.
As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. The Low-Hanging Fruit.
Faster payments proponents must also ensure that businesses and consumers can conveniently leverage such options, and APIs can be key to enabling this access. In addition, they can spare tenants from fines related to late rental payments by helping them more rapidly move money into their landlords’ accounts. .
Throw omnichannel B2B offerings into the mix – online and brick-and-mortar – and things get even more complicated when it comes to invoicing, reconciliation and even knowing where and when funds will hit accounts amid day-to-day commerce. trillion is the net amount U.S. firms are owed in accounts receivable on any given day.
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