From the category archives:
My colleague Carol Coye Benson and I are attending the Association of Financial Professionals Annual Conference in San Francisco next week. If you are planning to attend and interested in getting together to talk B2B payments (or any other payment topic) let us know!
{ 0 comments }
The WSJ reports today that as economic uncertainty persists, large companies are more successful than smaller companies in retaining their cash. They do so by paying their suppliers later – delaying payment out to 120 days or more in some cases – while simultaneously tightening the credit terms they offer their own customers, forcing them [...]
{ 0 comments }
If there is a silver lining to the credit crisis and resulting economic woes, it is renewed energy in the supplier financing space. As a B2B e-payment evangelizer, I’ve long considered dynamic supplier financing a potential “killer app” to drive broad adoption of electronic invoicing and B2B e-payment. Supply chain financing is not a new [...]
{ 0 comments }
GTNews – the go to source for global treasury news – is soliciting questions about SWIFT connectivity for Corporates. If you’ve been meaning to learn more, go to the GTNews home page and navigate to the blue box on the bottom right.
{ 0 comments }
Editor’s Note: This is one of a pair of ACH commentaries that we are publishing today on Payments Views. Be sure to also read Carol Coye Benson’s post “ACH: Big Questions for the Biggest Network” based on her recent interview with NACHA CEO Jan Estep.
I recently presented to TAWPI’s Payments Capture and Clearing (PCC) Council [...]
{ 0 comments }
Yesterday Wells Fargo announced a new online invoicing solution for its small business customers that positions the bank to compete against entry level accounting packages. I’ve tried it out and I am impressed: it’s quick, easy, and intuitive. This afternoon I spoke with Richard Weeks, Sr Vice President at Wells Fargo’s Internet Service Group, to [...]
{ 5 comments }
This article in CFO.com attributes poor decision making by bankers to bad data rather than greed, excessive risk-taking and lax regulation. I won’t let them off that easily, but I do agree that data quality is a real and significant problem for corporate decision makers in every industry. As budgets tighten amid economic uncertainty the [...]
{ 0 comments }
From CFO.com
Since the credit-crisis began to hit its crescendo in mid-September,
CFOs at companies of all sizes have been paying ever closer attention
to the cash streaming through their businesses and keeping careful
watch on their suppliers' credit terms and their customers' viability.
No one wants to see the current credit freeze among wary banks repeated
between customers and vendors. [...]
{ 0 comments }
SunGard offers white-labelled corporate payments package for banks
SunGard
(London) has packaged its Ambit Payments system together with Sun Microsystems'
software and hardware to deliver a pre-tested and pre-configured system
for corporate payments.
The new package, Ambit
Corporate Payments Express, will be offered as a white-labelled
"off-the-shelf" solution that will help banks capture new corporate
payments and cash management services business, says the [...]
{ 0 comments }
My recent article – Electronic B2B Payments are Gaining Momentum – Finally! – was published in the September/October issue of TODAY Magazine, a publication of TAWPI, The Association for Work Process Improvement. The article has recently been posted online at the TAWPI website.
[summary] Straight through processing of business payments has long
been the holy grail of [...]
{ 0 comments }
On Friday, NACHA announced a six month extension of the deadline for International ACH Transactions (IAT) from March 2009 to September 2009. Many smaller banks were caught by surprise by the changes necessary to support IAT. Although software vendors are prepared to make the necessary changes available in upcoming releases and many banks outsource their [...]
{ 0 comments }
How do you handled "stranded" payments? Those received at the corporate headquarters rather than mailed to a lockbox, handed over in person to sales representatives or over the counter, and other errant checks?
Over at the TAWPI blog Mark Brousseau talks to Sam Globack of WAUSAU about new developments in lockbox and remittance processing that [...]
{ 0 comments }
A recent round up of payments articles on GTNews features a couple good items on corporate payments:How Corporates Should Tackle the Credit CrunchMalcolm Taylor, AccuityThis article looks at the basic steps corporates can take to simplify their business operations, reduce risk and optimise performance.Today's Cash Management Systems: Meeting Clients' Needs?Mike Vigue, Bottomline Technologies In order [...]
{ 0 comments }
Today Carol Coye Benson (of Glenbrook) and I concluded a series of private B2B payment webinars, adapting the content of our B2B payment workshop for the product and technology teams at a leading payment providor. Each and every time I speak on this topic, I experience waves of frustration and hope.
Hope becuase there has been [...]
{ 0 comments }
The SWIFT Rulebook for ISO 20022 Corporate to Bank standards has been available since mid-May and is published here. The Rulebook is step 3 of a four step process to facilitate standards implementation in order to support banks and corporates attempts to automate payment initiation and tracking.
Step 1: Common Development (details here)
Step 2: Common Interpretation [...]
{ 0 comments }
Glenbrook Payments Boot Camp
Mar 10-11, 2010, Santa Clara, CA
May 19-20, 2010, Santa Clara, CA
Headlines from Payments News
