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
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Paying Suppliers
Background
There are three types of suppliers: high volume trading partners, regular suppliers and one-off/occasional suppliers - see figure. Each type requiring different payment solution. Types of Supplier and Payments Source: J&W Associates Copyright © 2011 Paying High Volume Partners Some large… Read more about Paying Suppliers
China’s Tencent moves further into supply chain finance
by Graham Buck
The internet-based tech and investment giant promises to lower costs for suppliers after completing its first transaction last month
Requests to delay PSD2 have started
by Jack Large
EPSM recommends harmonised migration plans on PSD2-SCA, i.e. delay of 18-36 months
UK survey shows businesses inactive on late payments
by Graham Buck
One in three firms paid late failed to chase up outstanding invoices, reports Lloyds Bank Commercial Banking
Nestle trials public blockchain for dairy supply chain
by Graham Buck
The Swiss group, which has already experimented with the technology, is aiming for even greater transparency
Australian banks face ‘legacy hangover’ in real-time payments shift
by Graham Buck
An impending problem for the country’s big four and their competitors is identified in a paper issued by the New Payments Platform
Australia ‘big three’ join IBM on blockchain bank guarantee pilot
by Graham Buck
ANZ, CBA and Westpac plus Westfield shopping centres are trialling Lygon, a digital bank guarantees platform using the technology
Tink: Banks’ poor-quality APIs threaten success of PSD2
by Graham Buck
The Swedish open banking platform claims that none of the production APIs made available meet regulatory requirements on integration
Swift sets out the business case for gpi
by Graham Buck
More than two years after its debut the financial messaging service details the benefits of its global payments innovation initiative
US corporates improve working capital performance
by Graham Buck
The working capital efficiency of America’s top 1,000 public companies in 2018 was the best for six years, a study finds
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”
Payments fraud makes heavier impact on UK companies
by Graham Buck
Despite higher levels of awareness and precaution, businesses are losing more and recovering less, a survey suggests
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
Big names get behind Facebook’s GlobalCoin
by Graham Buck
The social media and networking giant reportedly has Visa, MasterCard , PayPal and Uber as founder members of its cryptocurrency
Reserve Bank of Australia chivvies banks on payments
by Graham Buck
The regulator accuses the country’s big four of dragging their heels on opening up the country’s New Payments Platform
Moscow blockchain start-up launches supply chain finance platform
by Graham Buck
Russian fintech start-up Factorin has piloted the platform for six months and plans to move into the European Union
Visa’s B2B Connect platform officially launched
by Graham Buck
The part distributed ledger-based, non-card platform for high-value corporate, cross-border payments has been in development since 2016
UniCredit to work with FinDynamic on dynamic discounting
by Graham Buck
The bank is taking a minority stake in the Italian fintech start-up and will offer dynamic discounting to iUniCredit clients.
Target joins US retail giants exploring blockchain
by Graham Buck
For nearly a year, the Minnesota-based group has quietly worked on a blockchain-powered solution for supply chain management.
Don’t leave money on the table in your AP
by Art Sarno, Product Marketing Director, Kofax
Eliminate blind spots in your cash position
Facebook plans 2020 launch of cryptocurrency
by Graham Buck
The social media giant plans to establish a digital payments system in a number of countries in the first quarter of next year.
Fintechs gain favour for B2B payments processing
by Graham Buck
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
CULedger, R3 partner on blockchain for cross-border payments
by Jack Large
The US credit union service organisation is to launch CU Pay, an electronic funds transfer product, early next year.