Businesses have spent years investing in systems designed to determine whether a payment is legitimate. Fewer have invested in ensuring that a legitimate payment actually arrives. Just 13% of firms use payment guarantees, despite the PYMNTS Intelligence report “The Payment Guarantee Gap: Why Adoption Lags...
Stripe now enables instant B2B transfers through a “stripe pay” plug-in, the company said in a Tuesday (Oct. 27) post on LinkedIn. “Find companies using their Stripe profile handle and send funds for free,” Stripe said in the post. “Available in the Dashboard and CLI.”...
Amazon Business has rolled out a pair of tools designed for procurement professionals. First up is Amazon Business Value Intelligence, which “quantifies cost savings, operational efficiency, and purchase compliance in a single, complete view,” Amazon said in a Tuesday (Oct. 27) news release. Each figure...
Blockchain company Ripple has announced new capabilities for its treasury product. The updated Ripple Treasury allows businesses to manage cash, payments and liquidity around the clock, the company said in its announcement Monday (Oct. 26). “The way businesses move money is changing, and treasury needs...
Elavon has joined the SAP PartnerEdge program and plans to embed its payments capabilities into SAP applications, the company said in a Monday (Oct. 26) press release. The planned integration with SAP Digital Payments Add-On and Open Payment Framework will help enterprises manage payments across finance, commerce and other core business operations. The companies plan to extend the...
European eInvoicing mandates seek to standardize how businesses deliver the information used to approve and collect payments. Invoice amounts, tax details and transaction references enter defined fields that accounting software reads and processes, establishing a common basis for exchange between suppliers, buyers and their providers....
Businesses use payments timing as a factor in their cash forecasts. A buyer sends money before an invoice deadline, while the supplier waits for money already committed to payroll, inventory or another bill. Shortening that interval gives both parties greater certainty about when cash leaves...
In the commercial payments realm, invoices need validation, discrepancies warrant resolution and someone (or an authorized system) ultimately approve the release of funds. Smart contracts are being used to carry approved payment instructions from business workflows into bank payment systems. For accounts payable and treasury...
Visa has introduced new capabilities designed to keep commercial virtual card payments safer. Visa Commercial Fraud Solutions are part of a series of new capabilities designed to bring “trust and control” to business payments, Visa said in a Wednesday (Oct. 21) news release. “Businesses are moving quickly...