The pivot toward electronic invoicing — and away from paper — will get a significant tailwind this year in the United States. The Federal Reserve and the Business Payments Coalition (BPC) have been moving through a pilot exchange framework, first announced in 2021, that will connect businesses...
The Federal Reserve System, along with the Business Payments Coalition (BPC) and 115 industry organizations, is working to speed the adoption of digital payments by establishing new standards for electronic remittance data that can be used to build a virtual network for delivering e-invoices. So...
The Business Payments Coalition (BPC) is asking for industry input on the kinds of data connected with the most utilized invoice exchange processes in North America as the next phase in a digital invoicing initiative, according to an announcement. The Federal Reserve is collaborating with the...
The revelation that U.S. businesses, more often than not, pay their suppliers via paper check still draws quizzical reactions from professionals abroad. The corporate and financial services communities in the U.S. understand that paper checks are slow, expensive and risky, and yet they endure. The...
January 09, 2024
The Digital Business Networks Alliance (DBNAlliance) has been launched as a nonprofit organization to oversee the exchange framework of the Business Payments Coalition’s E-Invoice Exchange Market Pilot. The DBNAlliance aims to eliminate the obstacles and inefficiencies associated with traditional invoicing methods, making the exchange of B2B documents smooth and frictionless, the organization said in a Tuesday […]
September 11, 2020
The Business Payments Coalition (BPC) is asking for industry input on the kinds of data connected with the most utilized invoice exchange processes in North America as the next phase in...
