Cross-border B2B payments can be challenging, with regulatory differences, language barriers and high global remittance costs. Regulatory differences increase turnaround times for transactions and negotiations, causing operational costs to go up, Tranglo CEO Jacky Lee told PYMNTS. Language barriers may cause key points to get...
Frustrations over delayed payments are on the rise, prompting businesses to upgrade their B2B transactions and other processes. Today, 45% of businesses view slow payment completion times as one of their main pain points, according to the “Next-Gen Digital Payments Report,” a PYMNTS and Transcard...
Two decades ago, providing payments to workforce employees and channel members meant signing a check and putting it in the mail. Today, it’s an evolving process that engages recipients through text messages, emails and apps. “We are constantly trying to figure out how to engage...
Throughout the pandemic, consumers’ reliance on digital payments technology has made such transaction methods an expectation rather than a perk. More than 80% of all consumers who use one of the top four digital wallet options are satisfied with their services. This methodology extends past...
Accounts receivable (AR) teams are leveraging technology to meet the demands of today’s remote economy. Automating routine AR processes can be a critical step in addressing remote accounting hurdles as well as the traditional chores within the order-to-cash (O2C) process. For example, among the firms...
As inflation continues to rise, companies are seeing cost increases in delivery services, software contracts and other goods and services across the board — and procurement teams find themselves under pressure to source new suppliers or negotiate new terms with the ones they have already....
The B2B accounts receivable automation and integrated-payments company Billtrust says it surpassed $1 billion in supplier invoices delivered to accounts payable (AP) portals in 2021. The Lawrenceville, New Jersey, company announced this milestone in a news release Thursday (Jan. 20), saying it marked Billtrust’s largest...
Mastercard on Thursday (Jan. 20) unveiled its Mastercard Track Instant Pay, a virtual card solution for instant B2B payments, according to a press release. “Integrated with Mastercard Track Business Payment Service, Mastercard’s open-loop B2B network, the new, first-of-its-kind virtual card solution delivers greater choice, efficiency...
In India, direct bank transfer, checks and cash remain popular B2B payment methods, despite their drawbacks — mostly because businesses haven’t had any good alternatives. Because B2B ticket size is high and margins are low, payment gateways are not an option due to the high...
