Industry roundup: 2 December
by Graham Buck
Standard Chartered US$100m fund targets Gulf markets; Square changes name to Block; User testing starts for T2; Verto joins forces with Banking Circle
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…
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Working capital “to shape Australian firms’ post-Covid agility”
by Graham Buck
A report offers a mixed picture of their performance in 2021
Innovative payment tools to counteract supply chain troubles
by CTMfile
As companies deal with global supply chain disruptions, demand for faster payments and merchant loans may increase in the coming months
Industry roundup: 4 November
by Graham Buck
Verto/ClearBank collaboration focuses on “underserved“ SMEs; Bank of America plans China securities arm
Industry roundup: 19 October
by Graham Buck
News in brief: Mastercard and Previse unite on cross-border payments; India's BSE moves to T+1 settlement; DP World trade finance platform
EBA Clearing, SWIFT and TCH trial instant cross-border payments
by Graham Buck
EBA Clearing, SWIFT and TCH have completed a proof of concept for instant cross-border payments
IKEA to shift more production to Turkey
by Graham Buck
IKEA will move more of its production to Turkey in response to supply chain strains
Is this the start of local countries fighting back in payment systems?
by Jack Large
Nepal and South Korea seek independence from global payment schemes and monopolies
Global B2B spending set to surge
by Ben Poole
An Amex survey finds 70% of businesses are optimistic for the year ahead, with many increasing spend on digital initiatives to drive growth.
Barclaycard signs with Mastercard to modernise business payments
by Ben Poole
It will use the Mastercard Track Business Payment Service to support its corporate customers.
Contour launches domestic LC for Bangladesh businesses
by Ben Poole
The platform aims to onboard over 50 corporates, supported by Bangladeshi and international banks, in next six months.
UK businesses voice concerns over barriers to international commerce
by Ben Poole
Bottomline research finds international payments predicted to decrease further.
Goldman Sachs and Visa target global treasury modernisation
by Ben Poole
Their strategic partnership aims to transform treasury operations for Goldman’s clients with Visa B2B Connect and Visa Direct.
Procurement’s increasingly strategic role
by Ben Poole
In a Deloitte survey, chief procurement officers identified 'driving operational efficiency' as their top priority.
Transforming accounts payable with Bank of America
by Ben Poole
The bank's Complete AP automated solution integrates with accounting and ERP technology to deliver process enhancements for corporates.
Digitising Islamic trade finance
by Ben Poole
The International Islamic Trade Finance Corporation recently conducted its first transaction with partners on Bolero’s trade finance platform.
B2B transaction volumes surge
by Ben Poole
Both Tradeshift’s Global Index of Trade Health and Nacha analysis of the US ACH network have picked up sharp rises in B2B payments volumes.
Mastercard advances multi-rail strategy to modernise business payments
by Ben Poole
The payments giant has added account-to-account and global card payments functionality to its Mastercard Track Business Payment Service.
SWIFT pilots service for low value cross-border payments
by Ben Poole
The move follows last month's announcement it will expand beyond financial messaging to provide transaction management services.
Ant Group enters the blockchain-based global trade platform arena
by Ben Poole
The Chinese tech company has launched Trusple, partnering with a number of global banks.
Protectionism could cost the global economy US$10 trillion in trade by 2025
by Ben Poole
A BCG/HSBC report shows high tariffs and trade restrictions could slow economic recovery from the COVID-19 crisis.
COVID-19 is a catalyst for digital B2B payments adoption
by Ben Poole
A Mastercard study shows businesses moving to digital B2B payments for speed, security and transparency.
Barclaycard attempts to redefine supply chain payments for businesses
by Ben Poole
Barclaycard Payment Intelligence uses data analytics to provide a detailed picture of corporate supply chains.
Amex targets the AP space
by Ben Poole
American Express has launched its first automated accounts payable solution for US corporates.