With major banks like JPMorgan Chase and Bank of America getting more aggressive in B2B payments, Brex is also adding to its product suite to keep pace.
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Want to Expand Your Business Globally but International Payments Seem Complex? Let PAYCLY Merchant Services Help! Accepting payments from customers all over the world sounds exciting, but setting up the infrastructure can feel overwhelming - especially for high-risk businesses. How do you open foreign bank accounts? Navigate different regulations? Support multiple currencies? Paycly has helped thousands of companies like yours break into new markets seamlessly. Our customizable merchant solutions simplify cross-border payments so you can focus on growth. Partnering with us means you'll get a single merchant account to accept payments globally. We handle the heavy lifting of integrating with local payment processors in various countries. No need to open bank accounts in each location - Paycly deposits your international funds into your primary business account. Compliance is another challenge for high-risk industries. But Paycly stays up-to-date on regulations so you don't have to. Our experts ensure your business meets all requirements as rules change. How reassuring is that? Going global also means adapting to local payment preferences. Paycly's multi-currency processing allows customers to pay using their preferred method. We even take care of currency conversion at competitive rates. Doesn't dealing with international sales, banking, compliance, and currencies all at once sound exhausting? With Paycly as your partner, these complexities fade into the background so you can focus on growing your customer base worldwide. Interested in learning more? Visit https://paycly.com/ or chat with a representative today to discuss how we can help your high-risk business start accepting payments internationally. The world is waiting - are you ready to expand with PAYCLY Merchant Services? #paycly #internationalpayments #crossborderpayments #paymentprocessing #highriskmerchant #forex #ecommercemerchant
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Payments SME, VP - TCH RTP | Zelle | SWIFT GPI | FedWire | ACH | ISO 20022 | ISO 8583 | Real Time Payments | API’s | FedNow @ BMO
A 47% increase in Same Day ACH volume helped lead the way as the ACH Network began 2024 by handling 8.2 billion payments in the first quarter. There were 273.7 million Same Day ACH payments in the first quarter. The value of those payments was $719 billion, up 27.2% from a year earlier. Same Day ACH volume in March 2024 was 95.6 million, averaging more than 4.5 million payments per day, both all-time monthly highs since Same Day ACH launched. Business-to-business (B2B) payment growth remained strong, with 1.7 billion payments in the first quarter, a 10.8% increase. Total first quarter ACH Network volume was 8.2 billion payments valued at $20.7 trillion, respective gains of 5.6% and 5%. #ACH #SameDayACH #FedACH #NACHA #ACHNetwork #CHIPS #RTP #FedNow #Payments #InstantPayments #RealTimePayments #Zelle #ChinnapaReddy #Banking #Innovation #Fintech #BillPay #B2B #FasterPayments #B2BPayments #SWIFT #NEFT #RTGS #FedWire #LYNX #CHAPS
Same Day ACH and B2B Propel ACH Network Growth in the First Quarter | Nacha
nacha.org
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Exploring the dynamic landscape of B2B payments: Discover insights on how businesses are adapting and the impact on the B2B payments sector in this latest PYMNTS article. Read about the surging demand for diverse payment options, a trend ignited by the critical need to diversify supply chains. At Payscout, we're committed to providing tailored payment solutions that seamlessly adapt to these changing dynamics, to learn more about our solutions contact us at sales@payscout.com. #Payments #B2BPayments #Fintech
Diversifying Supply Chains Drives Demand for B2B Payments Choice
https://www.pymnts.com
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Managing Partner, The Walker Group, Founder of The FinTech Virtual Lunch, Co-Founder of BFSITechTalks and Podcaster
Although the payment analysts forecast the B2B AP instant payment momentum to accelerate in 2024, the manufacturing industry is prime to deliver multiple use cases. The attached article stresses strong acceleration in this sector, but the reality we are years away from widespread adoption. Banks are either leaders or laggards and some of the top tier banks are slow to either partner or build the instant payment capabilities. Forecasts for 2024 and beyond is dependent on education, use cases and strategy. There is an opportunity to help banks to take more of a leadership position rather than sit on the sidelines and wait. Furthermore, banks are trying to figure out how to move instant payments across the organization and educate their customers to avoid resistance. The B2B payments are big dollars and instant payments opens us new areas of risks and fraud. This is a huge area that is still not completely resolved or fully understand. To fully understand the risks and how to mitigate these risks takes time. We look to the 2024 to build momentum but the reality is across the ecosystem we are still crawling, and it will take a while before the industry begins to "walk". In the meantime, stakeholders can lead with education to help banks and their customers understand how risk, fraud and compliance should be addressed for this new payment rail. Furthermore, how will companies educate their customers to process instant payments? #thewalkergroup #bfsitechtalks #seedsofinnovation #fintech2023 #fintechcareers #fintechmexico #fintechcolombi #atlanticfintech #bankup #snapb2b #thefintechvirtuallunch https://lnkd.in/efY9sqtR
Real-Time Payments Set to Replace Checks, ACH in the Manufacturing Industry
https://www.pymnts.com
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Klarna receives Financial Conduct Authority authorisation to provide regulated payments and credit services “Klarna has always operated under the oversight of the FCA, delivering our regulated products to a very high standard of customer care. As well as enabling us to continue to provide our regulated products, the FCA approval puts Klarna’s successful UK business on a secure regulatory footing ahead of the expected regulation of BNPL,” said Abby Vickers, Head of Klarna Financial Services UK. https://lnkd.in/eGhurBhe Daniel Greaves Jen Haslam Niall Kilkenny Maz Chambers Luc Borg AJ Coyne David Fock Camilla Giesecke Sebastian Siemiatkowski Raji Behal #FFNews #Fintech #FintechMagazine #FintechFinance #Paytech #PaytechMagazine #Insurtech #InsurtechMagazine #KYC #Lendtech #Regtech
Klarna receives FCA authorisation to provide regulated payments and credit services
ffnews.com
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Why your short-term payment processor is a bad bet for long-term growth 👇 Choosing a payment processor might seem like a minor decision, but it can make or break your business's future. Here’s what you need to know: ✅ Instant Gratification vs. Long-Term Stability Many businesses choose payment processors like Stripe or PayPal because they promise quick setup and minimal paperwork. While this might be convenient now, it often leads to headaches down the road. When you start getting larger transactions, these processors might start asking for more documents or even put holds on your funds. You don’t want your processor cutting you off just as your business starts to take off! ✅ The Real Cost of Convenience Processors that offer quick onboarding often perform soft underwriting. They get you processing quickly but might flag or freeze your account once they dig deeper into your transactions. High-risk accounts require thorough upfront documentation to avoid these issues. Taking the time to be more thorough in reviewing your business may not be as sexy, but it’s essential for your long-term success. ✅ The JJS Global Difference At JJS Global, we take the time to understand your business from the start. We ask for detailed documentation upfront to prevent any surprises later. This thorough underwriting process ensures that you won’t face shutdowns or holds that can cripple your cash flow. So why are you still settling for short-term payment solutions? Your business deserves a payment processor that’s in it for the long haul. One that’s designed to grow with you, not hold you back. Choose a payment partner that understands the value of building a strong foundation for future success. #PaymentSolutions #PaymentProcessing #LongTermPaymentProcessor
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High-risk merchant accounts are specialized payment processing solutions designed for businesses that are considered at a higher risk according to the standards set by banks and merchant account providers. This designation is often due to the nature of the business, its financial history, or the industry in which it operates. These accounts are essential for companies that might otherwise be unable to secure traditional merchant services, allowing them to accept various payment methods including credit and debit cards, ACH transfers, and more. While they come with higher fees and stricter conditions, they provide a lifeline for businesses to thrive in a competitive marketplace. For those looking to understand or venture into the realm of high-risk merchant services, it's important to choose a provider that offers fair, transparent terms and understands the unique challenges of your business. With the right partner, you can navigate the high-risk waters successfully and keep your business sailing smoothly. #HighRiskMerchant #PaymentProcessing #BusinessSolutions
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While cross-border payments have improved for consumers, standards in the B2B cross-border market have largely remained the same. We’re tackling this issue head on and doubling our transaction volumes in under a year is a clear mark of trust from both new and existing clients. Read our announcement here: https://lnkd.in/dF28XZUd #SMEs #CrossBorderPayments #TreasuryManagement #CorporateTreasury #Payments
Neo clears €10 billion as firms diversify bank accounts
https://www.getneo.com
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Instant Payments Maven | International Speaker | Driving Instant Payments Adoption | Business Clarity | Implementation Confidence | Stakeholder Support
Manufacturing, another great #instantpayments use case re-shared by Wayne Brown. What I found interesting in this great little article that highlights stats from the "Corporate Changes in Payment Practices: Manufacturing Companies Embrace Real-Time Payments" report is that 85% of small manufacturing firms regard the ability to make real-time payments as highly important and the top thing (at 96%!) is to get rid of paper checks in payments (yes that's still a thing, and also the area most impacted by payment fraud) #instantpayment #realtimepayments #rtp #fednow #fintech #paymenteer #thefutureisnow
Managing Partner, The Walker Group, Founder of The FinTech Virtual Lunch, Co-Founder of BFSITechTalks and Podcaster
Although the payment analysts forecast the B2B AP instant payment momentum to accelerate in 2024, the manufacturing industry is prime to deliver multiple use cases. The attached article stresses strong acceleration in this sector, but the reality is the industry is years away from widespread adoption. Banks are either leaders or laggards and some of the top tier banks are slow to either partner or build the instant payment capabilities. Forecasts for 2024 and beyond is dependent on education, use cases and strategy. There is an opportunity to help banks to take a leadership position rather than sit on the sidelines and wait. Furthermore, banks are trying to figure out how to move instant payments across the organization and educate their customers to avoid resistance. The B2B payments are big dollars and instant payments opens us new areas of risks and fraud. This is a huge area that is still not completely resolved or fully understand. To fully understand the risks and how to mitigate these risks takes time. We look to the 2024 to build momentum but the reality is across the ecosystem we are still crawling, and it will take a while before the industry begins to "walk". In the meantime, stakeholders can lead with education to help banks and their customers understand how risk, fraud and compliance should be addressed for this new payment rail. Furthermore, how will companies educate their customers to handle instant payments. #thewalkergroup #bfsitechtalks #seedsofinnovation #fintech2023 #fintechcareers #fintechmexico #fintechcolombi #atlanticfintech #bankup #snapb2b #thefintechvirtuallunch https://lnkd.in/efY9sqtR
Real-Time Payments Set to Replace Checks, ACH in the Manufacturing Industry
https://www.pymnts.com
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VP Business Relationship Manager at Lake Ridge Bank/40 Under 40 Class of 2022 In Business/40 Under 40 Class of 2021 ICBA
#BusinessOwners - Have you read up on #instantpayments and how it can help shorten your cash flow cycle? If you are receiving B2B payments, have you looked into this option to receive your payments faster? Here is an article from @Independent Banker about instant payments and why it needs to be a priority for 2024. Good news - Lake Ridge Bank already offers our business clients the option to receive their B2B payments utilizing this method and it is available 24/7!! Julie Zeimet Ben Udell https://lnkd.in/gp8VMmUJ
Derek Williams: Why Instant Payments Need to Be a 2024 Priority
independentbanker.org
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