Deluxe on why B2B checks are here to stay (for now), SAP launches source-to-pay solution, and Canada’s BMO revamps small business banking strategy
| | | | BUSINESS-TO-BUSINESS EDITION | | Mitigating The Risk Of A Financially Unhealthy Supplier The financial health of global supply chains took a hit from the global pandemic, and the risks of a supplier in monetary trouble go far beyond the threat of insolvency. Speaking with PYMNTS, Eric Evans, Managing Director of Business Development at RapidRatings, described how financial risks bleed into other areas like cybersecurity and shipping, and emphasized the importance of understanding the broader risk trajectory of B2B partners. |
| Open Banking/Bank-FinTech Collab |
| US Inches Towards Open Banking With CFPB Notice Bank-FinTech collaborations are nothing new in the U.S., even without Open Banking regulations. This week's look at the latest partnerships finds Oracle and NCR working with traditional financial institutions (FIs) to improve their operations. More collaborations are likely ahead, too, as the Consumer Financial Protection Bureau (CFPB) may have just signaled a step toward open banking rules in the country. |
| | PYMNTS TV B2B Payments 2021 | | Deluxe CEO: B2B Payments Will See Resurgence In Paper Checks With top-line pressures and a pandemic in place, businesses are writing fewer checks, even though Deluxe CEO Barry McCarthy sees the lull as temporary and characteristic of any other business downturn. Paper payments, he says, will see growth as businesses seek a simple and ubiquitous way to pay their vendors, even as they shift to digital payments options. |
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