This posting in The Banker is really a summary of four short videos around the topic of business payments, each of which can be accessed in a separate view. A Visa executive discusses various aspects of B2B payments and how the landscape is shaping up vis-a-vis expectations, technology, regulations, and market demand.
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‘Drivers of change in B2B payments –Alan Koenigsberg, global head of new payment flows, Visa Business Solutions, talks about the rapid change happening in business-to-business payments driven by regulations and customers’ expectations, and how banks can keep up with the pace of change.
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Cross-border challenges –The challenges banks and corporates face when making cross-border B2B payments and whether real time is necessary for cross-border flows.
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Overcoming friction –How emerging technologies are enabling more efficient cross-border payments and helping the correspondent banking modernise.
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The future ecosystem –The future of digital payments: borderless, frictionless and seamless.’
We have covered these areas in various member-accessed reports through the CEP advisory service. One example is B2B Payments: More Options Than Ever Before, where a full review of the digital acceleration is covered, or 2019 Outlook: Commercial and Enterprise Payments, which establishes the expected foundation for B2B approaches during 2019 and beyond.
So the posted videos in this referenced piece are worth spending 15 minutes to listen, as the points are discussed in more detail.
Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group