Chinaâs IOUs are now risky business, with firms in the country running out of ready cash to pay one another. Welcome to a trade finance gap on a grand scale. Weâve been down this road before â but the stakes are higher, as so many countries depend on Chinaâs economic growth. Hereâs the dive.
Faster payment initiatives like those seen by The Clearing House and SWIFT often cite the opportunities of their technologies to remove paper from B2B payments. But the Federal Reserve's planned faster payments offering, the FedNow Service, may actually entice businesses to keep paper checks in the mix. PYMNTS explores how.
Amid a swirl of payments innovation, corporates have more options than ever in how they pay their vendors. So how do AP professionals choose? For one, don't stick to just one payment tool, says ePayRails President and CEO Richard Jackman. Secondly, know the value of payment data.