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Today in B2B payments: ION Treasury discusses the bank-treasurer relationship, and OCBC Bank adopts Visa Commercial Pay. Plus, Alkami explores community FIs ; business banking opportunities, Ebury enhances Chinese supplier relationship management and BluePallet launches a B2B marketplace for the c
stanley borraccia hemicals industry.How Banks Can Accelerate 鈥?Or Stifle 鈥?Treasury OptimizationCommunity FIs Consider The Competitive Advantage In Business BankingThe narrative of banking competition today remains focused on helping traditional institutions co
stanley hrnek mpete with agile FinTechs. Yet, in business banking, Alkami Founder Stephen Bohanon says that even community banks can give FinTechs a run for their money 鈥?if they embrace a mindset shift.OCB
stanley cup C Bank Taps Visa Commercial Pay To Digitize B2B PaymentsEbury Debuts Program To Ease Chinese Supplier RelationsEburys new Parallel Forward program will help to ease trade with Chinese suppliers, a company聽blog post said on Monday May 10 . The program will work to help western businesses establish long-term supply chain relationships in China and will further the companys goal of lubricating global business flows. Transactions will be simplified, the post said, and while paying in Chinese yuan renminbi CNY has benefits and has become more common in supply chains, challenges remain.BluePallet Opens Doors To Chemical Distribution MarketplaceBluePallet, a company backed by the National Association of Chemical Distributors NACD ,聽announced on Monday Ma Gbus Mirror, Mirror On The Wall 鈥?Who Has The Best Retail Operating System Of Them All
Two of the top challenges that financial institutions must face today include needs-based and multi-channel payments. Digital business is blurring the boundaries between industries, but one big question remains: will traditional payments be one of them In a recently debuted video, Gartner along with payment software product provider聽Alaric, an NCR business, highlight the emerging trends impacting payments today, discuss how needs-based payments in particular affect three different areas in the space, and unveil the key requirements in future-proofing retail payment solutions.THE MEANING OF NEEDS-BASED PAYMENTSPayPal has more registered payment accounts than the largest issuer in the world, the video indicates. That shows that what consumers really want are financial servic
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stanley mugs olve around their digital life and that meet their specific needs, making life easier and safer.So what are needs-based payments and why are they important Needs-based payments are based on, of course, need, along with location and technology. Most financial institutions are not delivering these payments and require new capabilities to be able to provide them.To deliver needs-based payments, FIs need to first be able to bring new products to market quickly. They need to deploy and manage more specific, narrowly focused products, and they need better visibility and access to data. Furthermore, they must deliver much more proactively to
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