Mastercard launches freight payments partnership, Shell taps WEX for fleet card issuing, and Microsoft strikes bank partnership to bolster SMBs.
| | | | BUSINESS TO BUSINESS EDITION | | B2B Late Payments Tracker |
| Supply Chain âBullyingâ Tied to UKâs SMB Late Payments Deluge? Late payments are decimating SMBs' cash flow in the U.K.  Federation of Small Businesses chair Mike Cherry issued a call to change the power large firms hold over smaller suppliers, with an eye on toward ending large firmsâ âbullyingâ processes. Research shows that for SMBs, the payment chase is long, painful and possibly even fatal. |
| The Changing Face Of Trust For Treasurer-Bank Relationships Millennials in the U.K. are now more likely to trust Amazon than they are their banks. For corporates, however, trust in a banking partner is a non-negotiable requirement. BNP Paribas' latest report warns that legacy FIs can no longer stand solely on their centuries-old reputations to secure trust with their corporate customers. |
| | Accounts Payable | | Sage: Changing B2B Payments Behavior Checks are proof of the stubbornness of corporate payment habits. One of the largest hurdles to change is the fact that both buyer and supplier have to agree to it, while providing speed, efficiency and security. Sage business development director of worldwide payments and banking, Lucy Underwood, says one way to move things forward is to position the payment as close as possible to the invoice. |
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