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Payment processing software enables businesses to handle various types of business-to-business (B2B) payments efficiently. Companies utilize this software to manage incoming payments from business customers and outgoing payments to suppliers. Any business that accepts non-cash payments can benefit from using payment processing software. It is primarily used by accounting teams to ensure timely payments and minimize errors. This software integrates with payment gateways, accounting systems, and accounts payable (AP) automation software. Additionally, payment processing software is often paired with e-commerce platforms and retail point-of-sale (POS) systems.