COVID-19 is a catalyst for digital B2B payments adoption
A Mastercard study shows businesses moving to digital B2B payments for speed, security and transparency.
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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Barclaycard attempts to redefine supply chain payments for businesses
Barclaycard Payment Intelligence uses data analytics to provide a detailed picture of corporate supply chains.
Amex targets the AP space
American Express has launched its first automated accounts payable solution for US corporates.
Eurozone banks break ground on the European Payments Initiative
The implementation phase of the EPI aims to create a new unified payment scheme and solution, as the ECB welcomes the development.
EedenBull and Mastercard extend strategic partnership into Asia Pacific
The agreement builds on their efforts in Europe.
Trade credit crunch approaching for UK businesses
40% of companies in the UK are currently facing over £10,000 in unpaid B2B invoices.
Mastercard launch promises enhanced working capital management
The Mastercard Track Business Payment Service has gone live in the US ahead of its global rollout.
Industry roundup: 11 May
News in brief covering supply chain finance, digital payments, invoice payments and more.
Industry roundup: 30 April
News in brief from BankiFi, Refinitiv, and Schneider.
ICC looks to digital to ease trade finance market disruptions
Guidance calls on governments and central banks to immediately void the legal requirement for paper-based documentation.
Financial support aims to help Australian companies bounce back
The Australian government launches A$500m facility for exporters, while supplier payment terms are under scrutiny in a new proposal.
Industry roundup: 23 April
News in brief including CLS, PayFit, SAP, and more.
Deutsche Bank begins roll out of corporate instant payments in Thailand
PromptPay uses an account number or corporate tax ID to receive incoming payments.
Industry roundup: 17 April
News in brief featuring a ranking of the best FX banks, Facebook's Libra applying for a payments licence, and Danone selecting C2FO.
Nordea promises faster supplier payments
The move is designed to support its suppliers during the COVID-19 crisis.
Comdata solution supports same-day shipper payments for fleets
QuickPay is designed to provide fleet owners with access to capital within 24 hours.
Corda and Skuchain target trade finance interoperability
An application from Skuchain brokers a connection between Hyperledger Fabric and the Corda Network.
BlueSnap upgrades marketplace payment solution
The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
CTMcast - 19 March 2020: Review of key recent posts and more on Coronavirus crisis
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis
i2c enables Airwallex B2B payments card
The i2c platform uses AI to optimise cross-border, multi-currency payments.
UnderPinned and Banked speed up contractor payments
The pair claim they can slash the time finance departments spend paying contractor invoices by 86%.
SWIFT gpi traffic up to US$77 trillion in 2019
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi.
Vroozi and Stratas to automate purchasing and accounts payable in the UK and Ireland
The strategic partnership aims to equip mid-market organisations to grow profitably through automation.
What is next for Swift’s booming global payments innovation service?
Extending global coverage, new international instant payments functionality and stop/recall service