Bill Pay news and trends

Truist Debuts Electronic Bill Pay for Wholesale Payments Clients
Digital Payments // October 18, 2024

Truist debuted a billing payment solution for its wholesale payments clients. The bank’s Electronic Bill Presentment and Payment platform is designed to modernize payment management for these customers, according to a Friday (Oct. 18) press release. “As payers increasingly expect digital payment channels, businesses need...

BILL Debuts Cross-Border Instant Payments for Small Businesses
SMBs // September 25, 2024

BILL has introduced new payment offerings for small businesses and accountants. The new capabilities, announced by the financial platform Wednesday (Sept. 25), include Local Transfer – an international payment option for small- to medium-sized businesses (SMBs) — along with upgrades to BILL’s instant payment and...

Float and Airwallex Partner on Bill Pay for Canadian Companies
B2B Payments // July 25, 2024

Float, which offers a business finance platform for Canadian companies, has chosen Airwallex to power its new bill pay product. The new product enables fast and cost-efficient bill payments for both domestic and overseas transactions and includes bank transfers, EFT, wire and ACH, the companies...

Xero to Add BILL’s AP Capabilities to Small Business Platform
B2B Payments // February 29, 2024

Xero, a global small business platform, will enhance its accounts payable (AP) capabilities for its U.S. customers through a new partnership with BILL, a financial operations platform for small and medium-sized businesses (SMBs). This partnership will bring a bill pay solution from BILL directly into...

Interviews & Exclusives
Businesses Want Cheaper Payments and Faster Receivables, Says Bank of America

November 01, 2023
The only constant is change, and the only necessity is adapting to it. This adage is particularly true within the global digital payment collection and bill presentment services ecosystem. “It’s no surprise that the growth in digital payments has outpaced paper-based transactions, but the challenges to suppliers remain the same — and that’s primarily around […]

Payments Disconnect: 80% of Billers Offer in-Person or Mail Payments While Consumers Prefer Digital

August 31, 2023
In today’s digital age, consumers have varied payment preferences when it comes to paying their bills and are increasingly looking for convenient and efficient ways to do so. However, there’s...

21% of Consumers Find Making Healthcare Payments Difficult

July 25, 2023
The possibilities for managing aspects of our healthcare via digital means are resonating more across the demographic spectrum as platforms and portals increase in popularity after much of the population...

14% of Consumers Prioritize the Bills Easiest to Pay

July 24, 2023
The ease of bill pay can help decide what gets paid and what doesn’t when consumers are under the kind of financial pressures they’ve been experiencing since early last year....

Quick Reads
Extend Debuts Bill Pay to Streamline Invoice Payments

October 28, 2024
Extend has introduced a feature that allows businesses to streamline invoice payments with virtual cards. Bill Pay is designed to simplify companies’ account payable processes while optimizing cash flow, maximizing card rewards and improving security, the virtual card/spend management platform said in a Monday (Oct. 28) news release. “Traditional payment methods pose significant challenges for finance […]

Truist Debuts Electronic Bill Pay for Wholesale Payments Clients

October 18, 2024
Truist debuted a billing payment solution for its wholesale payments clients. The bank’s Electronic Bill Presentment and Payment platform is designed to modernize payment management for these customers, according to...

BILL Debuts Cross-Border Instant Payments for Small Businesses

September 25, 2024
BILL has introduced new payment offerings for small businesses and accountants. The new capabilities, announced by the financial platform Wednesday (Sept. 25), include Local Transfer – an international payment option...

Float and Airwallex Partner on Bill Pay for Canadian Companies

July 25, 2024
Float, which offers a business finance platform for Canadian companies, has chosen Airwallex to power its new bill pay product. The new product enables fast and cost-efficient bill payments for...