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How Overlay Services Add New Opportunities In Open Banking

PYMNTS

For instance, the service’s ability to allow billers to request payment and receive partial payment on invoices could address the pain point of delayed and late B2B supplier payments in the U.K. Yet, in the corporate payments space, Devaney noted that he sees a few particular areas in which the payment service could be useful.

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Why Payments Are Only A Piece Of SMBs’ Global Finance Puzzle

PYMNTS

” Multi-currency accounts mean SMBs can hold funds in foreign currencies without having to open individual bank accounts in multiple markets, while also allowing them to then initiate payments in various currencies from that single account, too.

Finance 69
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Can Virtual Cards Void Checks’ Feeble Future?

PYMNTS

In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer? In terms of mechanics, a single-use account means that each supplier payment is tied to a virtual account number, and the credit limit is set to the amount that is dictated by each payment.

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Security Demands Spur Virtual Debit Card Adoption

PYMNTS

Major data breaches typically stick in consumers’ minds, and many are worried about keeping their debit card and account information safe. A mistake on just one merchant’s part can compromise consumers’ accounts, meaning shoppers must consider whether each business with which they transact will raise their risks.

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How Data Empowers The New Face Of SMB Accounting

PYMNTS

Accountants and bookkeepers have a new reality with their small business clients: machines can do number-crunching and calculations, and these professionals are now forced to examine how to elevate their role with SMBs to continue to provide value.