Mastercard launches real-time supplier payments solution
by Ben Poole
Payment on Delivery lets corporates instantly pay suppliers upon the receipt of goods or services.
Accounts Payable Management
Background
Accounts Payable are the payments a business owes to suppliers for goods or services purchased on credit; a type of short-term debt. Accounts payable are often referred to as "payables." The main…
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PNC introduces intelligent payment routing
by Ben Poole
Corporate clients can set up parameters that allow PNC to select the most suitable method: real-time payment, same day or next day ACH.
Bank of America Merrill Lynch launches AP optimisation solution
by Ben Poole
The analytical tool is designed to help eliminate guesswork and complexity for treasury departments.
Bottomline upgrades its AP automation solution
by Ben Poole
AI and user-centric innovations enable next-generation invoice automation and greater AP productivity.
UK supplier relationships more mutually beneficial than five years ago
by Ben Poole
Seven in ten corporates are looking for longer-term supplier relationships than half a decade ago.
Brex launches cash management account with Radius Bank
by Ben Poole
The account is designed to help companies simplify financial operations, earn yield on their cash, and pay for expenses.
Finastra and NetGuardians partner on AI-powered financial messaging fraud detection
by Ben Poole
The solution is designed to combat fraudulent transactions before money leaves the bank or corporate organisation.
Anglo-Gulf Trade Bank selects TAS Group to manage payments for corporate clients worldwide
by Ben Poole
The contract covers the supply of software solutions for the creation and management of a payment hub for correspondent banks globally.
Gresham and AccessPay partnership boosts Clareti Multi Bank services
by Ben Poole
The agreement will provide Gresham's customers with access to AccessPay's platform.
EBA report stresses collaboration essential as ecosystems adapt to instant payments
by Ben Poole
Corporate bank relationships will be critical as instant payments increase in usage in the B2B space, the report finds.
AFP survey finds cheque use for B2B payments drops to a new low
by Ben Poole
The research also finds 72% of finance professionals think that APIs will have the greatest impact of all emerging technologies.
Mastercard unveils vision to modernise the global B2B payments market
by Ben Poole
Mastercard Track Business Payment Service is first global open-loop commercial service to simplify payments between buyers and sellers.
Elavon index finds UK SMEs have positive business outlook
by Ben Poole
SMEs are confident on growth despite challenges of Brexit, cash flow and customer retention.
Corcentric enters reseller agreement with Commerce Bank
by Ben Poole
The bank will provide its customers with financial process automation solutions from Corcentric.
Mastercard and SAP partner on B2B payments in Colombia and Chile
by Ben Poole
The partnership aims to tackle manual accounts payable processes in the South American countries.
JPMorgan Chase makes strategic investment in FreshBooks
by Ben Poole
The investment will be used to help the bank's small business customer base.
Doosan-Babcock selects Swipe2B to digitise its supplier payments
by Ben Poole
The agreement is designed to streamline and automate Doosan-Babcock's AP and supplier payments processes.
CTMcast - 2 August 2019
by Jack Large
Growth of sustainable finance programmes, the emerging new asset classes, & the continuing focus on late payment solutions; Kantox wins
American Express acquires ACOM’s digital business payments platform
by Ben Poole
AmEx move designed to strengthening its accounts payable automation capabilities.
J.P. Morgan joins Visa and Billtrust’s Business Payments Network
by Ben Poole
J.P. Morgan clients will be able to deliver electronic B2B payments to suppliers from a single point of access.
More UK companies named and shamed as late payers
by Graham Buck
BAE Systems, Centrica and Prudential are among 18 businesses deemed as unethical for late payments to suppliers
UK government’s ineffective new late payments legislation
by Jack Large
For the first time large businesses could be fined for failing to pay smaller suppliers on time BUT… will they?
92% of UK financial decision makers admit to paying suppliers late
by Jack Large
Bottomline Technologies survey finds that “Late payments remain a challenge”
Bottomline partners with Starling Bank on real time payments
by Graham Buck
The new 24x7 service will enable banks and corporates to send, receive and track payments in real-time to any UK bank account