GIACT discusses the lessons learned in PPP loan fraud, Amazon Business launches B2B marketplace for PPE, and Mastercard connects Canadian SMBs to cybersecurity checks
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

May 12, 2020

       BUSINESS-TO-BUSINESS EDITION

B2B Payments

How Suppliers Can Retain The Power To Fight Late B2B Payments

Combating the late B2B payments problem is often a discussion focused on the buyer and accounts payable practices. Through payments automation, however, suppliers have the potential to retain control and enforce on-time payments, too. linked2pay CEO Robert "Jay" McShirley tells PYMNTS why it's time for the B2B ecosystem to develop more responsible payment practices, especially in times of market turmoil.

 

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Payment Rail Innovation

Payment Rails Present Many Paths To B2B Payments Optimization

In this week's examination of Payment Rail Innovation, PYMNTS explores the latest efforts to tackle B2B payments pain points through underlying infrastructure. Some solution providers have opted to improve upon existing tools, including the paper check. Others, including the Federal Reserve, are establishing entirely new payment rails that aim to improve B2B workflows from the ground-up.

 

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PPP Loan Fraud

What Lenders Are Learning About Emerging PPP Loan Fraud

The first case of alleged PPP loan fraud is now in the hands of the Department of Justice, but it surely won’t be the last. Haste and confusion created ample opportunity for bad actors, and when the dust settles, what will likely emerge is a vital lesson for lenders in preventing fraud from the earliest moments of customer on-boarding. GIACT Chief Experience Officer David Barnhardt tells Karen Webster about the variety of fraud likely to emerge, and the role of automated modeling technology to keep SMBs and lenders protected.

 

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