The problem with the B2B payments mindset is that financial players still focus on the money transfer element, when it’s the data that has to rule. This is colored mostly by the fact that B2B payment professionals also happen to be consumers. And the important...
The reigning buzzword champion – omni-channel – is dead. There, I said it. Someone had to. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
In the B2B payments world, manufacturers often find themselves having to agree to severe penalties for non-performance such as late deliveries. This can be frustrating if the delays are unavoidable and if those penalties mean the difference between profit and loss. In one extreme case...
At a time when supply-chain finance startups increasingly are encroaching on trade finance by traditional banks, some banks are turning to an untraditional approach: hiring a startup. Mizuho Financial Group announced this month that it has cut a deal with PrimeRevenue to provide supply chain...
Always looking to save a buck here and there, fleet operators and their drivers have a wide variety of rewards cards from which to choose, ranging from parts stores to travel centers. These typically proprietary products, however, can pack a wallet pretty quickly. As such,...
The launch of Apple Pay has kept everyone in payments pretty busy speculating about its impact to others with digital wallet/account ambitions. What’s been ignored, at least so far, is the impact of Apple getting into payments on every other facet of the payments ecosystem....
Online retailers face losing at least a fourth — sometimes nearly half — of their customer base at checkout because of hurdles like consumer distrust of website payment methods, lacking preferred payment, wonky or slow sites and caveats of having to register too much personal...
Corporations typically have intricate treasury and payments challenges. As technology continues to evolve, it’s necessary for some corporate teams to rethink their payments options. But what specifically are those options, and which banks and card companies are providing them?
Smart corporate treasurers are looking for the best ways to translate today’s collaborative procure-to-pay approaches into better cash and working capital management. If they can do that, then they have the opportunity to drive new strategies that increase profitability and cash returns. Payment-term standardization, early-payment...
