Business Payments Coalition

Who We Are

The Business Payments Coalition is a volunteer group of organizations and individuals working together to promote greater adoption of electronic business-to-business (B2B) payments and remittance data. The Coalition’s overarching goal is to make B2B payments more efficient across the end-to-end process, that is, to achieve straight-through-processing across both the procure-to-pay and order-to-cash cycles. The Coalition accomplishes this objective by addressing problems and barriers that make it difficult for businesses to use electronic alternatives to paper checks and remittance advices. There is no cost to join or to participate in Coalition efforts.

Remittance information refers to details about a payment. It tells what the payment is for and explains variances between the amount billed and amount paid. In B2B payments, often a remittance advice is sent by the buyer to the seller to inform the seller that a payment has been or is about to be made, the specific items or invoices being paid, and the reasons for any discrepancies between the invoiced amount and the paid amount (for example, discounts, deductions, and adjustments taken in accordance with the terms of the sale or contract).

Participation in the Coalition is open to any individual or organization interested in the Coalition’s objectives.

What We Do

The Business Payments Coalition promotes B2B payments education through regular conference calls, in-person meetings and webinars. It also sponsors and facilitates workgroups that develop educational, technical and standards material.

Upcoming Meetings and Webinars

  • The next BPC meeting will be in-person at the NACHA Faster Payments 2018 conference in San Diego, CA on Sunday, April 29. Watch for more details soon. If there is a topic you are interested in, contact us.
  • The next BPC webinar will be on March 29, 2018 from 1:00 – 2:00 p.m. CT. Watch for more details soon. If there is a topic you are interested in, contact us.

Business Payments Coalition Work Groups

Join a work group today!

Have an impact. Make a difference. Join in efforts to make the end-to-end B2B payments process more efficient. Participate in one or more of several new work groups listed below. Want more information? Review the additional work group details or email us at business.payments.smb@mpls.frb.org.

  • e-Invoicing
  • B2B Remittance project
  • Card-based Remittance Requirements
  • Simple Remittance Requirements
  • SMB Accounting Software APIs
  • ISO 20022 Capabilities
  • ISO 20022 Education

Join the Business Payments Coalition

Interested in joining the Business Payments Coalition? Register now! You will receive a welcome packet, be added to the Coalition distribution list, and be invited to participate in specific Coalition initiatives that may interest you.

Contact the Business Payments Coalition

Have a question about the Coalition? Want to volunteer on a project? Send an email to business.payments.smb@mpls.frb.org.

Business Payments Coalition Overview