I was at NACHA’s annual payments conference last week and the most interesting things I heard and saw had to do with small business banking and payments, a long suffering, underserved segment of the market. There’ve been glimmers of hope for small business off and on over the years but I haven’t witnessed a groundswell [...]
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Glenbrook’s Carol Coye Benson and Erin McCune are interviewing leading commercial payment providers and enablers to understand whether we’ve finally reached the ‘tipping point’ for B2B payments. This post featuring Western Union is the second of a series of interviews that we will be featuring here at Payments Views. You can learn more about the [...]
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Glenbrook Partners Erin McCune and Carol Coye Benson are on a mission to discover if the long-awaited “tipping point” in B2B payments, signaling a world in which electronic payments are the norm, has finally arrived. In pursuit of this, we’ll be interviewing solution providers over the coming months – let us know if you’d like to talk [...]
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Companies of all sizes have adopted accounts payable (AP) automation solutions, yet recent IAPP-TAWPI and Glenbrook research reveals that e-invoicing benefits remain elusive. Semantics Electronic invoicing, or e-invoicing, means different things to different people, and much depends on the context. There are solutions that cater to accounts receivable, focused on enabling efficient creation and delivery [...]
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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!
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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 [...]
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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 [...]
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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.
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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) [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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