In the same week it announced its new mobile-Web, iPhone-capable application, mobile phone banking vendor ClairMail is now working with dotMobi, the company behind the .mobi domain and whose datasets are used by developers to standardize content across different mobile systems. ClairMail, best known for delivering banking and payment services through three formats (SMS Text, mobile browser and downloadable application) with two-way messaging capabilities to end-users, announced it will be using dotMobi’s DeviceAtlas database of developer tools for thousands of mobile devices. The use of DeviceAtlas means ClairMail can tailor its mobile Web offering to any mobile device from the same .mobi address. “Mobile banking and transactional payment solutions have exploded this year, and DeviceAtlas is poised to be an integral part of making them accessible for everyone,” said Trey Harvin, CEO of dotMobi, in a statement.“The recent launch of our iPhone-optimized mobile Web offering underscores the demand from our bank customers for mobile banking solutions that support all handsets across all carriers,” said David Thompson, vice president of marketing of ClairMail “Our partnership with dotMobi will ensure that the ClairMail service remains available to all mobile users.”
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The increasing adoption of virtual card payments by accounts payable departments has created an unexpected complication for suppliers: more friction in the processing, posting and reconciliation of payments and receivables. The root of the problem is that most suppliers rely on a manual approach to processing e-mailed virtual card payments. Suppliers are forced to balance their organization’s need for operational efficiency and control with rising customer demand to pay with a virtual card. But a new breed of technology enables suppliers to process virtual card payments straight-through, addressing the needs of buyers and suppliers. This paper details the growth of electronic business-to-business (B2B) payments, shows how manual approaches to processing virtual card payments cause friction in accounts receivables, describes a way to process virtual card payments straight-through, and highlights the benefits of frictionless payments.