FinTech Magazine’s Post

"The root of B2B payments’ complexity boils down to the fact that they are more about workflows ... than they are about the payments themselves." Open Banking and other innovations in payments have been slow to be adopted for B2B as the payment is just part of a wider process. Understanding those wider processes and the needs of businesses (which can differ by industry) is key to bringing the innovations that have transformed the consumer space into B2B. #b2bpayments #payments #fintech https://lnkd.in/ecMxftzX

The Role of Banks in Scaling B2B Payments Innovation: Banks provide the foundational infrastructure for financial transactions, offering a network that connects various businesses. And, as expectations from their daily lives bleed over into their professional ones, business leaders are increasingly looking for their financial institutions to offer their organizations the same payments innovations and experiences they enjoy in other areas.  That expectation is […] The post The Role of Banks in Scaling B2B Payments Innovation appeared first on PYMNTS.com. #opnplatform #b2bpayments #openpackagingnet

It's exciting to see Bottomline transforming the way we do business payments! They've opened access to their B2B ACH supplier network. This means approved financial institutions, fintechs, and others can now increase payment acceptance https://lnkd.in/gxE2Uvz5

#Global payments company American Express has announced the launch of its #Sync #programme, in order to offer new #B2B #APIs to #fintechs and #businesses. Discover more reading The Paypers: https://lnkd.in/dqXyyiqq #fintechnews #payments #paymentnews #productlaunch #B2B #B2Bpayments #onlinepayments #digitalpayments #ecommerce #mobilepayments

Growing Digital B2B Payments With Open Banking and APIs: All the complexity and complications inherent to B2B payments have one, simple solution: going digital. But despite a sea of change in the payments world, change that is made up of relentless waves of digital transformation, B2B payments are still overly reliant on 19th century methods such as cash, lockboxes and paper checks. Fortunately, as banking […] The post Growing Digital B2B Payments With Open Banking and APIs appeared first on PYMNTS.com. #opnplatform #b2bpayments #openpackagingnet

As the backbone of B2B payments, business leaders rely on their banks to offer the necessary infrastructure, services and expertise to drive innovation and streamline transactions between businesses. But, as expectations for payment innovation rise, merchants are increasingly looking to their financial institutions to meet the evolving needs of their business. While inefficient, legacy-driven transaction processes remain. This PYMNTS article emphasizes why banks must invest more in innovative technology designed to help their customers enhance the speed, transparency, security and efficiency of their B2B payment processes—especially as the shift to digital B2B payments continues to accelerate. https://lnkd.in/eBP6hykH We deliver the payments innovations B2B clients are looking for in today’s digital landscape. Contact us today to learn how InterPayments’ #surcharging technology can help exceed merchant expectations for digital B2B payment innovations: https://lnkd.in/eNvW_MyM #paymentinnovation #technology #digitalpayments #B2Bpayments

"Enterprises are starting to demand consumer-like payments experiences that are frictionless, expeditious, and error-free. By adopting a more digital B2B payments ecosystem, businesses have a more comprehensive view of their funds movement. And within this new framework, businesses will be better equipped to mitigate payment fraud." While consumers have had access to instant payments for years, most businesses are left to contend with age-old technology that leaves them susceptible to time delays and fraud issues. In the article below, PaymentsJournal outlines why platforms like #TassatPay are delivering real-time benefits for B2B clients without compromising on security. https://lnkd.in/gM8QsK_Q

Hot off the press 🚨 @FinanceMagazine names Hokodo as one of the 15 favourite payments companies that are redefining the future of finance. B2B trade credit is an age old industry that's ripe for disruption. And we are here to disrupt and to help B2B sellers: 💰  Sell more and grow your business  🖥 Give your customers a better checkout experience  📈 Improve cash flow and reduce the working capital gap  😓 Remove risk (of fraud, non payment and late invoices) See the 15 #payments companies here   https://bit.ly/3slfh5q#B2B #Fintech #Paytech #TradeCredit #B2BBNPL

#openbanking and #a2a payments are definitely poised to gain traction in 2024. Adyen and our partnership with Plaid enables us to offer this relatively easy via one integration on one platform. McKinsey & Company shares a great short read below. I copied what I feel is the biggest barrier merchants have when rolling this out below: “Reducing transaction costs. How much will A2A truly reduce transaction costs? A2A may be more expensive than regulated debit (70 percent of volume) but less costly than exempt debit (30 percent of volume). On credit, it may have little or no consumer uptake. What impact will the extra checkout friction have on conversion, basket size, and loyalty? And how much might need to be invested in creating new dispute processes?”