ACH B2B Payments Erin McCune NACHA

Latest NACHA Stats from Orlando: B2B CTX Up 16% YOY

My colleague Bryan Derman and I are in Orlando for NACHA’s Payments 2009 conference. Just heading off to bed, but thought I’d do a quick post to share some B2B stats that were just released: Business-to-Business (B2B) Payments/Financial EDI More than 1 billion EDI-formatted addenda records were transmitted across the ACH Network in 2008, a […]

B2B Payments Bill Payment & Presentment Card Payments ECommerce Erin McCune Global Payments

What Does Payments as a Service (PaaS) Mean to You?

Recently a number of ecommerce merchants and traditional companies have asked us, “Can I just outsource ALL of my payment processing? I’ve had it!” At first we suspected that these requests were driven by PCI compliance concerns. As it turns out that’s only a small part of the motivation. Companies are reacting to ever increasing […]

AFP B2B Payments Banking Carol Coye Benson Commercial Payments NACHA Visa

The Problem with B2B Payments

It’s springtime, and annual payments statistics are starting to bloom. A good time, perhaps, to consider the state of business-to-business (B2B) payments. NACHA recently released figures showing that ACH CTX transactions grew by 15% in the fourth quarter, compared to the previous year. Earlier, Visa disclosed that their fourth quarter commercial volume was 13% ahead […]

B2B Payments Payables Receivables Treasury & Cash Management

Only 50% of Mid-Market Companies Have Automated A/R or A/P

A recent survey by Treasury & Risk Magazine reveals that only half of companies with revenues under $2 billion have automated either their accounts receivable (A/R) or accounts payable (A/P) processes: Just over half of the firms that participated in the survey use an ERP system (56%, up from 43% last year) and 25% have […]

B2B

SunGard and Sun Team Up on Corporate Payments Solution

SunGard offers white-labelled corporate payments package for banks SunGard (London) has packaged its Ambit Payments system together with Sun Microsystems' software and hardware to deliver a pre-tested and pre-configured system for corporate payments. The new package, Ambit Corporate Payments Express, will be offered as a white-labelled "off-the-shelf" solution that will help banks capture new corporate […]

B2B Payments News

New Article: Electronic B2B Payments are Gaining Momentum - Finally!

My recent article – Electronic B2B Payments are Gaining Momentum – Finally! – was published in the September/October issue of TODAY Magazine, a publication of TAWPI, The Association for Work Process Improvement. The article has recently been posted online at the TAWPI website. [summary] Straight through processing of business payments has long been the holy […]

AFP B2B Global Payments Regulatory Environment Technology

Reprieve for IAT

On Friday, NACHA announced a six month extension of the deadline for International ACH Transactions (IAT) from March 2009 to September 2009. Many smaller banks were caught by surprise by the changes necessary to support IAT. Although software vendors are prepared to make the necessary changes available in upcoming releases and many banks outsource their […]

B2B Receivables Remote Deposit Capture Technology

New Solutions for "Stranded" Payments

How do you handled "stranded" payments? Those received at the corporate headquarters rather than mailed to a lockbox, handed over in person to sales representatives or over the counter, and other errant checks? Over at the TAWPI blog Mark Brousseau talks to Sam Globack of WAUSAU about new developments in lockbox and remittance processing that […]

B2B

GTNews: Corporate Payments

A recent round up of payments articles on GTNews features a couple good items on corporate payments:How Corporates Should Tackle the Credit CrunchMalcolm Taylor, AccuityThis article looks at the basic steps corporates can take to simplify their business operations, reduce risk and optimise performance.Today's Cash Management Systems: Meeting Clients' Needs?Mike Vigue, Bottomline Technologies In order […]

B2B

How Banks Encourage the Status Quo in B2B Payments

Today Carol Coye Benson (of Glenbrook) and I concluded a series of private B2B payment webinars, adapting the content of our B2B payment workshop for the product and technology teams at a leading payment providor. Each and every time I speak on this topic, I experience waves of frustration and hope. Hope becuase there has […]

B2B Global Payments Technology

SWIFT Rulebook for ISO 20022 Corporate-to-Bank Standards

The SWIFT Rulebook for ISO 20022 Corporate to Bank standards has been available since mid-May and is published here. The Rulebook is step 3 of a four step process to facilitate standards implementation in order to support banks and corporates attempts to automate payment initiation and tracking. Step 1: Common Development (details here) Step 2: […]

AP B2B Bill Payment & Presentment Payables Payments News

Citi to Whitelabel Ariba EIPP Solution

From Bank Technology News: Ariba, a spend management solutions firm, has agreed to a first-ever private-label agreement for its invoice and payments technology with Citi’s Global Transaction Services unit. Citi plans to integrate Ariba with its own e-payment and supplier finance offerings. Those programs include Citi’s recently launched purchase card program and connectivity to major […]

Blogging

Blogs and PR

As this blog becomes increasingly popular I receive more and more requests from PR folks to feature new products and services. The vast majority of my blog posts are driven by what interests me and thus far, I've written a limited number of posts that were prompted by PR inquiries. Nevertheless, I welcome the press […]

AFP B2B Global Payments Payments News Treasury & Cash Management

GTNews: Corporate Payments & SEPA & SWIFT

A couple articles of interest at GTNews this week: Payments in Need of StandardisationJonathan Williams, Experian PaymentsCorporate treasurers are facing pressures to consolidate and standardise their processes – how can they balance these requirements? SEPA Security – Lessons Worth Learning from the PastSteve Brunswick, Thales e-SecuritySEPA security should not be regarded as a daunting task […]

B2B Conferences & Meetings Research Round Up

NACHA's Business-to-Business Payments Strategy [NACHA Payments]

[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.] NACHA's Business-to-Business Payments Strategy [NACHA Payments] Alenka Grealish Manager Director, Banking Services, Celent, LLC Julie Hedlund AAP Senior Director, Business Payments, NACHA – The Electronic Payments Association Synopsis from Conference Program While electronic B2B payments through the […]