PNC Treasury Management debuts automated real-time payment solution
by Ben Poole
The automated process is designed to provide instant reconciliation for billers and payers.
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Paying Suppliers
Background
There are three types of suppliers: high volume trading partners, regular suppliers and one-off/occasional suppliers - see figure. Each type requiring different payment solution. Types of Supplier and Payments Source: J&W Associates Copyright © 2011 Paying High Volume Partners Some large… Read more about Paying Suppliers
DBS debuts B2B payments and collections solution
by Ben Poole
Singaporean food and beverage firms will pilot the programme.
Aussie business activity disappointing in November
by Ben Poole
CBA data shows competitive pressures and weak demand taking a toll on Australian businesses.
Tradeshift and Wax Digital partner on cloud-based procurement solution
by Ben Poole
The partnership is designed to help customers achieve better purchasing value.
Boost Payment Solutions and J.P. Morgan to offer fully integrated automated payments
by Ben Poole
The two firms partner to deliver automated electronic payment solutions for commercial card transactions.
Mesh and Visa collaborate on supplier first B2B virtual commercial card payment service
by Ben Poole
Suppliers can use Visa virtual prepaid commercial cards on the Mesh payment platform.
MAS, J.P. Morgan and Temasek develop blockchain-based prototype for multi-currency payments
by Ben Poole
The payments network will provide interfaces for other blockchain networks to connect and integrate.
Mastercard launches real-time supplier payments solution
by Ben Poole
Payment on Delivery lets corporates instantly pay suppliers upon the receipt of goods or services.
PNC introduces intelligent payment routing
by Ben Poole
Corporate clients can set up parameters that allow PNC to select the most suitable method: real-time payment, same day or next day ACH.
Bank of America Merrill Lynch launches AP optimisation solution
by Ben Poole
The analytical tool is designed to help eliminate guesswork and complexity for treasury departments.
UK supplier relationships more mutually beneficial than five years ago
by Ben Poole
Seven in ten corporates are looking for longer-term supplier relationships than half a decade ago.
Lloyds Bank joins komgo to speed up international commodities trade finance
by Ben Poole
The bank says the partnership will shorten the time it takes corporate clients to trade internationally.
Splitit launches B2B credit card instalment payment solution
by Ben Poole
The solution is designed to break through credit and collection barriers between suppliers and buyers.
Mastercard unveils vision to modernise the global B2B payments market
by Ben Poole
Mastercard Track Business Payment Service is first global open-loop commercial service to simplify payments between buyers and sellers.
Tradeteq’s credit scoring system goes live on Singapore’s National Trade Platform
by Ben Poole
Digitised National Trade Platform expected to increase the ability of corporations to access financing to support their trade flows.
Virtual cards for business payments: what’s the hold up?
by Ben Poole
A blog from Adflex looks at why the adoption of virtual cards in the corporate world has been slow.
Plastiq platform available to US Visa commercial cardholders
by Ben Poole
U.S. Bank is the latest financial institution to enable its SMB Visa cardholders to pay vendors through Plastiq.
Westpac takes e-procurement to the cloud
by Ben Poole
Partnership with Coupa aims to provide increased purchasing power and process efficiencies for corporates.
Mastercard and SAP partner on B2B payments in Colombia and Chile
by Ben Poole
The partnership aims to tackle manual accounts payable processes in the South American countries.
Revolut for Business tackles expense management
by Ben Poole
New tool prompts receipt photos on the move and integrates with Xero.
ASB Bank takes stake in supply chain technology company TradeWindow
by Ben Poole
Funding fast-tracks launch of company focusing on distributed ledger technology trading product.
Commerzbank tests blockchain-based machine-to-machine payment solution for the first time
by Ben Poole
First use of cash on ledger for automated M2M payment processing in cooperation with Daimler Trucks.
Corporates collaborate with IBM and Chainyard on supply chain blockchain network
by Ben Poole
Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone participating in the network.
Doosan-Babcock selects Swipe2B to digitise its supplier payments
by Ben Poole
The agreement is designed to streamline and automate Doosan-Babcock's AP and supplier payments processes.