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Report: Overcoming Cross Border Invoice Complexities

PYMNTS

Old-school business-to-business (B2B) transaction methods like sending and waiting on checks and physical invoices are more difficult to stick with now that many offices are closed and financial teams are working from home. Clients are not the only ones causing slow payments. Businesses are also reexamining how they buy from each other.

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How AR-AP Connectivity Works To Deepen Buyer-Supplier Ties

PYMNTS

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.

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Even Fleet Saw Some Action From B2B FinTech Investors

PYMNTS

Further, he said, fueling its partnership program means Money Mover can not only grow its business, but can help accountants and consultants provide more adequate services to their own SME clients. The firm provides add-on services, including invoice automation, payments, purchase order management and accrual management.

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Procurement Is Ground Zero For Cybersecurity Protection

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Then, there are events like the Target breach, a security lapse rooted at one of the retailer’s suppliers, that resulted in millions of dollars in costs to the company. Earlier this month, FICO revealed plans to roll out a new kind of score: the Enterprise Security Score.

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Google And Facebook Scammed Out Of $100M

PYMNTS

We detected this fraud against our vendor management team and promptly alerted the authorities,” a Google spokesperson said. “We The DoJ alleges that the man, Evaldas Rimašauskas, used a business email compromise (BEC) scam to trick Facebook and Google into paying fake invoices, impersonating manufacturer Quanta Computer.

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How To Fix The B2B Payments In India

PYMNTS

There are sophisticated payment rails capable of moving money instantly, he noted, and when a buyer wants to pay a supplier that payment will route directly from one bank account to another. It isn’t paper free in many cases, because invoices are still drafted on them. And the payment, he noted, is just that — a payment.

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The Virtual Card Case For Nonprofits

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The nonprofit industry has a lot to gain from this payment technology, claims a new whitepaper from vendor management consulting firm Vendor Centric. According to Vendor Centric, there are four key benefits for nonprofits when it comes to the v-card. Virtual cards, the report noted, can do the same.