How AP tech eases fruit supply chain friction, HSBC small biz lending hit by glitch, and Seattle moves forward with tax on big corporates
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

July 8, 2020

       BUSINESS-TO-BUSINESS EDITION

Industry Dive

Sowing The Seeds Of Agriculture Banking's Modernization

The farming and agriculture industry’s embrace of technology isn’t always matched by its banking providers. With traditional financial institutions (FIs) pulling back from the sector, small businesses have been forced to rely on trade credit, which Oxbury Bank Co-founder Tim Coates says is unsustainable. He spoke with PYMNTS about the opportunity to combine financing with faster payments to support the resiliency of a critical market.

 

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Commercial Card Tracker

SMB Financing, Vendor Acceptance Top Biz Cards' Priorities

With commercial cards increasingly a popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For some this week, that meant targeting small businesses and wielding the commercial card as a tool to accelerate access to much-needed capital. For others, commercial card innovation came in the form of overcoming the adoption hurdle of a lack of supplier acceptance.

 

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Next-Gen AP Tracker™

New Report: Fixing The Global Fruit Supply Chain's Broken Payments Problem

Fruit importers/exporters never know how much they’ll pay their growers or get paid by grocery stores until the produce hits the market. That means a rather pear-shaped cash flow if they rely on accounts payable (AP) tools that aren’t tailored to their unique needs, says Juan Gonzalez Pita, founder of Salix Fruits. In the latest Next-Gen AP Tracker, Gonzalez Pita discusses how robust payables management tools have helped him streamline and expedite payments to growers in 18 countries.

 

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