B-to-B payments

As the U.S. continues to shape its faster payments options over the next few years, the connections for such systems have to be able to deliver more information and services with every payment.

The benefits of adopting an end-to-end payments solution are substantial and will help businesses collaborate with vendors and customers, while saving time and money, writes Stephen Markwell, head of treasury services product strategy for commercial banking at JPMorgan Chase.

Providers leave out a majority of lower-volume companies that would happily accept an electronic payment or card, writes Sue Ellen Hodnot, vice president of sales for the west region at Nvoicepay.

The gig or sharing economy has transformed and disrupted the global workforce. It has redefined what we should expect from our payments, writes Ralph Perdomo, a research analyst and writer at Nvoicepay.

It's a common lament that businesses cling to checks and other forms of paper-based transactions while consumer payments rush into a digital future.

The product uses virtual card technology and offers a way to pay multiple invoices.

With the right focus and a little bit of pre-work, many companies can leverage ISO 20022 as the new global standard, writes Kate Risch Choi, a senior product manager for treasury and payment solutions at BMO Harris Bank.

Billtrust has long relied on its sales force to approach businesses directly with accounts receivable technology, and it's turning to banks to automate more steps in the process of handling payments.

The latest class of the Commerce.Innovated accelerator program run by Silicon Valley Bank and First Data demonstrates a focus on changing industries in addition to streamlining how people pay.

The ability to expedite information with payment, specifically remittances, is the real challenge, writes Mike Fortmann, vice president of Southwest Region for NVoicepay.