B-to-B payments

Using an automated solution to process virtual card payments is the first step in overcoming the challenges of this payment technology, writes Ed Jordan, CFO of Billtrust.

Bill.com's efforts to crack one of the last bastions of paper checking with automation has drawn a fresh $100 million investment round.

Following an antitrust review that lasted almost a year, the approval would appear to cement The Clearing House's status as the front-runner in a race to modernize the U.S. payments system.

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.