Previse’s Post

As Sergiy Fitsak points out in his Finextra blog, FedNow’s journey from conception to its current state reflects a significant advancement in bringing the US payments system up to speed. However, as he explains, the exploration into B2B payments remains a significant opportunity, promising to offer businesses unprecedented control over their financial operations. This presents an opportune moment for fintechs to capitalize on the transformative future of B2B payments. Previse is one of these fintechs leading the way in revolutionizing B2B payments. Previse’s SmartPay leverages data and technology to remove friction from B2B payments and ensure suppliers get paid as early as day one: https://previse.co/en-gb/ Read more about how FedNow is helping bring about a change in US payments: https://lnkd.in/ewxqPaZN #FedNow #B2Bpayments #AI #technology #workingcapital

After suffering through decades of difficulties and delays when transacting with each other, businesses on both sides of the B2B relationship are ready for a better approach to payments. Speaking with PYMNTS, our CEO Paul Christensen discussed the outdated B2B payments system, saying, “It is 2024 and we are still licking stamps and putting checks in the mail - that’s mad.” Previse’s innovative product SmartPay leverages data and machine learning technology to allow businesses to get paid as early as day one, without having to lick a stamp: https://previse.co/en-gb/ Read Paul’s full thoughts and more about how the B2B payments space is transforming here: https://lnkd.in/dH3-d59g #B2Bpayments #fintech #data #technology #innovation #AI #machinelearning

Writing for Euromoney, Paul Golden, interviewed multiple payments industry leaders to get their take on how technology is redefining B2B payments. A common theme throughout the article is that the digitization of B2B payments is creating a more streamlined and secure experience, increasing trust between both buyer and supplier. Previse’s SmartData solutions ensure both of these and more, with our bank-grade security connecting you with your financial data without sacrificing control. Trusted by leading organizations, Previse empowers global CFOs to embrace digital transformation, streamline their operations and build the next generation of financial solutions. Schedule a demo today to find out how we can help you: https://previse.co/en-gb/ Read more about how technology is transforming B2B payments here: https://lnkd.in/eS-atNKt #B2Bpayments #Euromoney #fintech #automation #technology #AI #smartdata #CFOs

Real-time payments are driving innovation in the B2B space as payments technology improves and the financial services sector works to keep up with modern expectations. Read more about these transaction trends here: https://vi.sa/4brIpt0 #VisaDirect #MoneyMovement #RealtimePayments

Real-time payments are driving innovation in the B2B space

B2B companies often use a variety of different financial systems and payment methods, which sometimes are not suited to modern technology. This can lead to fragmentation and isolation and businesses can miss out on the crucial opportunity to leverage this technology. Previse’s SmartPay solution is different, allowing full integration with existing payment infrastructures and ensuring suppliers can enjoy the benefits of AI & smart data and get paid as early as day one. Check out SmartPay here: https://previse.co/en-gb To read more about B2B payment system interoperability, visit PYMNTS: https://lnkd.in/epEabr8H #interoperability #AI #data #innovation #technology #b2bpayments

We’re thrilled to be named a LEADER in the IDC MarketScape: Worldwide Embedded Payment Applications 2024-2025 Vendor Assessment! Our AI-powered solutions are transforming B2B payments with: 👉 Touchless payment processing 👉 Advanced data analytics 👉 Seamless integration Read how we're helping businesses accelerate payment velocity: https://bit.ly/3Bq1aAE #B2B #Fintech #Payments #DigitalTransformation

Writing for PaymentsJournal, Tom Nawrocki shares the myriad of benefits for businesses that commit to an automated payments process. Automation of payment processes allows accounts receivable and accounts payable functions to grow, helping companies maintain tighter control of their capital and avoiding cash flow squeezes. Previse’s SmartPay uses smart data and AI to automate the payment process to help track unnecessary spending and flag potential breakdowns and challenges in processes: https://previse.co/en-gb/ Read more about the benefits of automating payment processes here: https://lnkd.in/e7ECw5tY #payments #automation #tech #innovation #cashlow #b2bpayments #fintech #technology #smartdata #AI

In an article for The Fintech Times, Marcos Gelfi, head of global commercial products and cardholder services at Discover Global Network, shared his insights on how virtual card numbers are revolutionizing commercial payments. He believes that VCNs are set to experience growth within the B2B space due to their ability to: ✅Strengthen security ✅Provide transaction data ✅Simplify payments for corporations Previse’s SmartPay delivers this and more, streamlining payments so funds can be sent as early as day one. Learn more at: https://lnkd.in/g4af6afX Uncover more on the evolution of VCNs at: https://lnkd.in/ejCVKFC6 #virtualcards #B2Bpayments #invoicing #suppliers

B2B transactions represent largely untapped potential, and various financial institutions, payment providers, and fintech are now focusing on transforming this space. Recent years have seen a remarkable transformation in B2C payments, driven by technological advancements and shifting consumer preferences; a similar evolution is anticipated for B2B payments. This shift is driven by government initiatives supporting MSMEs, the expanding reach of Bharat Connect for B2B solutions, and ONDC’s efforts to link a vast network of businesses. Together, these developments are poised to redefine how businesses connect, transact, and scale in the digital age. For decades, businesses have relied on traditional, paper-based methods like cash and cheques to conduct financial transactions. However, the intricate web of interactions between businesses, involving exchanging goods, services, and payments, calls for a more efficient and streamlined approach. While the emergence of digital payment solutions like the Unified Payments Interface has revolutionized individual transactions, the potential for digitizing B2B payments remains largely untapped. Read more here: https://lnkd.in/d3fhiG54 #B2BPayments #B2BFintech #DigitalPayments #FintechInnovation #PaymentSolutions #DigitalTransformation #CashlessEconomy #FinancialInclusion #FutureOfPayments #Innovation #Technology