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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead. The first company it's working with is Wirex, which provides a crypto-friendly currency account and enables cross-border payments via Visa card. B2B Payments To Drive Instant Payments Adoption.

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Visa’s Phalen: Collaborative Commerce Is B2B Payments' Next Act

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Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown. B2B is poised to make the same leap. But the solutions they deploy, maintained Phalen, must be fast.

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Basware Debuts AI Tool For Accounts Payable Automation

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Once applied to a customer’s historical invoices, the AI learns and improves even more each time, but again, with very little human interaction required, saving the accounts payable team a tremendous amount of time,” Nikula said.

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Brexit Raises The Stakes For B2B Payments Fraud

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Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. But accounts payable is far from the only back-office financial workflow at risk of fraud. While current fraud tools are helpful, there is no systemic or automated option for accomplishing this," Nacha warned.

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How B2B Payments Fraud Hides Within The Enterprise

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When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. With accounts payable professionals working remotely, Anderson said he’s heard from some firms whose AP staff have had to physically take check-printing machines to their homes — opening up the door for fraudulent activity.

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Regional Banks Guide Corporates To Future-Proof Accounts Payable

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Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. “Companies are increasingly looking to more efficiently manage the accounts payable process,” he said.

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Finding The Tech-Human Balance In B2B Payment Optimization

PYMNTS

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. B2B payments are messier than B2C payments," said Chanda. Empowering Finance Professionals.

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