Payments Views

B2B

As Big Companies Squeeze Small Suppliers eB2B Payments Can Help

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 […]

B2B

Curious about SWIFT? GTNews Call for Questions

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.

ACH

The Future of ACH

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) […]

B2B

Guided Tour of the New Small Business Invoicing Product from Wells Fargo

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 […]

B2B

Bad Data Blamed for Bank Problems

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 […]

Accounting

All Eyes on Receivables and Payables due to the Credit Crunch

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 […]

B2B

SunGard and Sun Team Up on Corporate Payments Solution

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 […]

B2B

New Article: Electronic B2B Payments are Gaining Momentum – Finally!

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 […]

AFP

Reprieve for IAT

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 […]