The modernization of B2B payments would be incomplete if it did not advance efficiency across other dimensions, including the payment, remittance information and reconciliation. Now is the time to catalyze similar innovation with the exchange of payment remittance information.
The Federal Reserve recently hosted a webinar, “Modernizing B2B Payments: The Time for Digitalization is Now”. Read the recap and watch the recording to hear about the vision, benefits and opportunities for advancing innovation and modernization of B2B payments.
Learn about the benefits that digital B2B payments processes bring to businesses of all types, including lower costs, better cash management, error reduction, risk mitigation, increased transparency and improved automation of business processes.
The Federal Reserve is working with the industry to modernize B2B payments. Read about recent progress and initiatives currently underway to improve payments efficiency.
The Federal Reserve is committed to supporting the shift to electronic business to business (B2B) payments. Read more on the state of the industry, the benefits of successful adoption of digital processes, and how to get involved.
As the payments industry moves rapidly toward digitalization, the Federal Reserve is dedicated to helping businesses embrace B2B payments modernization.
The Accredited Standards Organization X9 is looking to catalyze ISO 20022 common data usage in the U.S. market through their ISO 20022 Market Practice Group.
On Dec. 30, the Business Payments Coalition (BPC) published its third report on electronic invoicing (e-Invoicing) as part of its initiative to continue dialogue with the industry to address barriers to corporate business-to-business (B2B) payments efficiency: e-Invoice Interoperability Framework: Semantic Model Assessment (Off-site, PDF) – provides a comprehensive analysis of …
On Dec. 5, industry experts joined the Business Payments Coalition’s (BPC) webinar (Off-site) which outlines the concept of an e-Invoice interoperability framework, market challenges and benefits of addressing them and a path forward for the BPC work assessing U.S. market needs. Watch the webinar to learn more about how an …
On November 1, the Business Payments Coalition (Off-site) (BPC) published two of three new electronic invoicing (e-Invoicing) reports as part of their initiative to continue dialogue with the industry to address barriers that lead to corporate business-to-business (B2B) payments efficiency. These reports will provide you with the background and methodology …