B2B transaction volumes surge
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.
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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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.
The payments giant has added account-to-account and global card payments functionality to its Mastercard Track Business Payment Service.
The move follows last month's announcement it will expand beyond financial messaging to provide transaction management services.
The Chinese tech company has launched Trusple, partnering with a number of global banks.
A BCG/HSBC report shows high tariffs and trade restrictions could slow economic recovery from the COVID-19 crisis.
A Mastercard study shows businesses moving to digital B2B payments for speed, security and transparency.
Barclaycard Payment Intelligence uses data analytics to provide a detailed picture of corporate supply chains.
American Express has launched its first automated accounts payable solution for US corporates.
The implementation phase of the EPI aims to create a new unified payment scheme and solution, as the ECB welcomes the development.
The agreement builds on their efforts in Europe.
40% of companies in the UK are currently facing over £10,000 in unpaid B2B invoices.
The Mastercard Track Business Payment Service has gone live in the US ahead of its global rollout.
News in brief covering supply chain finance, digital payments, invoice payments and more.
News in brief from BankiFi, Refinitiv, and Schneider.
Guidance calls on governments and central banks to immediately void the legal requirement for paper-based documentation.
The Australian government launches A$500m facility for exporters, while supplier payment terms are under scrutiny in a new proposal.
News in brief including CLS, PayFit, SAP, and more.
PromptPay uses an account number or corporate tax ID to receive incoming payments.
News in brief featuring a ranking of the best FX banks, Facebook's Libra applying for a payments licence, and Danone selecting C2FO.
The move is designed to support its suppliers during the COVID-19 crisis.
QuickPay is designed to provide fleet owners with access to capital within 24 hours.
An application from Skuchain brokers a connection between Hyperledger Fabric and the Corda Network.
The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis