PYMNTS

MARCH 4, 2020

Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. B2B APIs are helping businesses better serve the consumer and corporate clients.

Fraud 242

Fraud Examples Security Management 242

PYMNTS

FEBRUARY 11, 2020

The Royal Bank of Canada (RBC) is the first Canadian financial institution to offer businesses Interac eTransfer: Bulk Request Money for the efficient management of accounts receivable (AR), RBC announced Tuesday (Feb. We’ve digitized the manual reconciliation process and eliminated the need for expensive, paper-based [checks].

Analytics 144

Analytics Fraud Management Payments 144

PYMNTS

FEBRUARY 6, 2020

Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods. Finrails AP offers increased visibility into cash flow, and the platform has built-in fraud detection via Positive Pay. Paper checks remain the primary method U.S.

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Gonzobanker

MARCH 28, 2024

2024 will prove to be a remarkably busy year in the digital space, when many financial institutions will make near-life-or-death choices about the future of their digital platforms and how they will support them. There are a multitude of digital banking solutions out there, each with its own set of pros and cons.

Digital Banking 155

Digital Banking Customer Experience Strategy Exercises 155

PYMNTS

APRIL 28, 2020

CIT Group will add a new level of B2B payment functionality to the software from workflow solutions provider Fintainium , aiming to make accounts payable (AP) and accounts receivable (AR) functions easier on small- and medium-sized businesses (SMBs) amid the coronavirus pandemic, according to a press release.

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PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Payments 141

Payments Fraud Security Data 141

PYMNTS

DECEMBER 8, 2020

Panelists joining PYMNTS CEO Karen Webster included Ingo Money CEO Drew Edwards ; Wells Fargo Senior Vice President, Head of Global Payables, Treasury Management Michelle Ziolkowski ; and J.P. Morgan Managing Director Industry Head for Public Sector Treasury Services, Wholesale Payments Eva Robinson.

Payments 183

Payments Fraud Taxes Tools 183

PYMNTS

OCTOBER 28, 2020

But in a panel discussion with Mike Massaro , CEO of Flywire , four executives from various verticals — from freight management to banking — discussed how pressure points are spurring a shift to digital processes. TripActions is focused on travel management, Cohen said, and also was hit hard as travel came to a standstill.

Payments 242

Payments Management Software Google 242

PYMNTS

DECEMBER 13, 2017

Santander Bank is rolling out a new solution for its corporate clients. 12) that its Treasury Link solution is now live in the U.S. and will provide cash management services for such corporate customers. The financial institution (FI) announced Tuesday (Dec.

Management 105

Management New York Fraud Tools 105

PYMNTS

AUGUST 20, 2020

The coronavirus pandemic was an unanticipated disruption for every business, but for organizations that remain mired in paper, it became what Dave Robertson , managing director of payment advisory services at Deluxe , described as “the ultimate stress test.” A Gradual Process. Killing Friction With Data.

Strategy 262

Strategy Data Fintech Fraud 262

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. The solution is available to businesses and platforms that can integrate the solution via API, allowing developers to add a cross-border payment solution into their own products.

Payments 195

Payments UX User Experience blockchain 195

PYMNTS

OCTOBER 20, 2017

PYMNTS takes a look at those cybersecurity firms, plus a few of the treasury management, blockchain and logistics firms that also grabbed fresh funding. This California-based startup has a particular cybersecurity focus: payments fraud. Feedzai provides its AI-based fraud management tool to banks and businesses.

Capital 109

Capital blockchain Fraud Security 109

PYMNTS

NOVEMBER 21, 2018

But when it comes to money, businesses may be reluctant to hand the reins to a third party. But going it alone can quickly overwhelm a business. One rising threat to accounts payable is fraud, recently highlighted in a press release by Accu-Image earlier this month. “It’s born digital.

Fraud 159

Fraud Management System Technology 159

PYMNTS

SEPTEMBER 23, 2019

Last week’s launch of the Mastercard Track Business Payment Service, designed to automate payments between the world’s suppliers and buyers, is just one sign that B2B payments are changing. This digital shift hasn’t affected all businesses equally, though. In the U.S., In the U.S., percent from 2018 to 2022. Freeing Up Cash Flow.

Industry 169

Industry Cards Software Phoenix 169

PYMNTS

JUNE 12, 2019

In an interview with Doug Cranston, vice president of product management at Bottomline, the executive noted that in the age of speed, fraudsters are able to more easily exploit firms’ vulnerabilities, compromise their accounts payable process and get away with ill-gotten gains, often to vanish without a trace.

Fraud 155

Fraud Security Payments Technology 155

PYMNTS

DECEMBER 3, 2018

The ability for technology to digitize data, analyze it, share it between systems and provide actionable insights to business leaders is now a major catalyst for this transformation across all areas of the enterprise. It’s certainly the case for expense management, said Karim Jouini, CEO of France-based Expensya.

Management 144

Management Data Fraud Survey 144

South State Correspondent

JUNE 27, 2023

The standard is composed of three elements: The business model : The business model represents the concepts and processes that the messages will carry. The Message Mode l: The message model defines how these business model elements are grouped into messages and the form these messages will take.

System 195

System Data Examples Payments 195

PYMNTS

DECEMBER 18, 2020

Something’s going to happen with paper checks, paper invoicing — the whole paper thing on a grand scale — and businesses need to be ready for that eventuality. Businesses that rely on manual AR processes also have 30 percent longer average DSO than firms that rely on medium or high levels of automated processes for collecting receivables.”.

Study 190

Study Innovation Payments Technology 190

Celent Banking

JUNE 12, 2017

Since then, cards have evolved from addressing expenses for travelling employees to eliminating friction across the business-to-business (B2B) financial supply chain. Further integration arises from detailed transaction reporting and analytics flowing into treasury, procurement, and other financial management systems.

Cards 100

Cards Payments Capital Analytics 100

PYMNTS

FEBRUARY 28, 2020

As Michael Cichy, general manager of the Americas for Centsoft parent company Palette Software , told PYMNTS, the value in cross-platform integration can be significant for companies, particularly when it comes to saving time often wasted on manual data entry. “Transacting [with a] business is what holds many companies back.

Taxes 209

Taxes Data Fintech Compliance 209

PYMNTS

DECEMBER 12, 2017

Citi’s Treasury and Trade Solutions is expanding its international ACH payments service capabilities for corporate customers. Their collaboration sees FIS integrating its Trax business payment services into Citi’s treasury management offering via CitiConnect APIs.

Regional 102

Regional Payments Fraud Marketing 102

PYMNTS

JUNE 27, 2019

corporates are quickly finding opportunity with new accelerated transaction capabilities: 82 percent of businesses said real-time payments can resolve many of their existing payment challenges, the Tracker noted. It’s not just the largest enterprise and treasury departments weighing their opportunities in faster payments, though.

Payments 100

Payments Fraud Tools Groups 100

PYMNTS

NOVEMBER 8, 2019

Management also noted that digital banking subscription revenue growth slightly outpaced the top line at 17 percent, where subscription revenues were $18.4 The quarter also saw bookings of more than $21 million, and management said demand was strong and broad across product offerings. Total subscription revenues came in at $80.1

Digital Banking 108

Digital Banking Risk Management Conference Technology 108

PYMNTS

MAY 1, 2020

In point of fact, most businesses of any size have a hybrid treasury-accounting back office where digital tools and paper instruments coexist. Many businesses still generate paper checks from the setup of their accounting systems,” Michael Reed, general manager of payments at Deluxe, told PYMNTS.

Payments 132

Payments Tools System Online 132

PYMNTS

SEPTEMBER 30, 2020

The executive will supervise the company’s Clearance and Collateral Management, Treasury Services, Markets and Pershing businesses in the new role. Jumio is bolstering its AML functions, having announced a deal for Beam Solutions’ AML platform. FinCEN Director Tells Banks To Look Out For Crypto Fraud.

Marketing 130

Marketing New York Cards Conference 130

PYMNTS

APRIL 30, 2019

This challenge often emerges with small businesses (SMBs) that are not large enough to fit into a bank’s corporate and treasury services unit, and are, therefore, forced into being serviced with consumer-targeted products. “A lot of them process 50 to 200 bills a month — it really is like running a business.”

Management 153

Management Fraud Security Examples 153

PYMNTS

MAY 28, 2020

This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced fraud detection strategies and designate additional resources to keep themselves and their customers safe. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.

Fraud 139

Fraud Mobile Tools Missouri 139

PYMNTS

MARCH 6, 2020

We have deep dives into treasury application programming interfaces (APIs) and buy now, pay later (BNPL), as well as a report on Robinhood ’s trading app outage that occurred earlier this week. HSBC on the Next Phase of Treasury APIs (B2B API Tracker). Fiserv Acquires MerchantPro Express. Trackers and Reports.

Policies 130

Policies Innovation Payments Retail 130

PYMNTS

MARCH 14, 2019

Volatile times make for sleepless nights for corporate executives, particularly those whose job it is to manage the cash positions of their organizations. And there, Kohli said, innovation is helping corporates adapt to and manage these global risks. Treasurers’ Biggest Worries. ” Cross-Border Payments in the Crosshairs.

Payments 193

Payments Innovation National Fraud 193

PYMNTS

NOVEMBER 16, 2017

The data released in the AFP MindShift survey , published this week, highlights a significant gap in corporate tech adoption: While professionals know disruption is coming and while they acknowledge much of it can be beneficial to their operations, the vast majority of businesses remain unable to fully embrace this evolution. Blockchain.

blockchain 128

blockchain Survey Tools Technology 128

PYMNTS

SEPTEMBER 8, 2016

Manual payments’ persistence in the corporate payments world may make SunTrust’s additional findings less surprising: 73 percent of businesses said they have experienced actual or attempted fraud. “Payments are your business’ transit system for cash liquidity,” the executive said.

Payments 100

Payments Survey Fraud Strategy 100

PYMNTS

AUGUST 8, 2019

Paper checks are familiar, especially to smaller businesses, and can support a longer cash float. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Payments 143

Payments Tools Cards Data 143

PYMNTS

SEPTEMBER 12, 2019

According to Vijay Ramnathan, Comdata senior vice president of product management and strategy, “there is paper in the beginning, paper in the end” in the B2B world, leading to an 18 percent error rate in B2B payments, he told Karen Webster. On Wednesday (Sept. Check and ACH transactions have been around for a long time for a reason.

Survey 128

Survey Tools blockchain Payments 128

PYMNTS

AUGUST 30, 2019

Less than three years after the November 2016 launch of application programming interfaces (APIs) through CitiConnect , Citi said this month that its corporate treasury APIs and platforms have processed more than $26 billion for enterprise clients. Their distribution changes, and their supply chains change.”. The Consumer as Part of the Flow.

Operations 101

Operations Data Management Payments 101

PYMNTS

NOVEMBER 20, 2018

For service providers pushing for commercial card adoption from corporate payers, convincing vendors to accept the payment solution needs a multi-layer approach. This is one way that commercial card adoption may save a business money. According to PNC Treasury Management Executive Vice President and Head of Product Management J.

Cards 118

Cards Fraud Taxes Data 118

PYMNTS

JUNE 13, 2016

This week’s Data Digest goes out to all of the managers out there. Whether you’re part of the C-suite or an entrepreneur leading your own business, managers keep the business running. 88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis.

Management 100

Management Survey Fraud System 100

PYMNTS

JUNE 20, 2019

However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms. That hasn’t slowed down the growing demand for commercial and virtual card solutions among businesses, however.

Cards 133

Cards Innovation Data Payments 133