| Factoring Innovation Tackles Its Risky Reputation Though factoring and supply chain financing have their fair share of critics, such programs have proven a valuable source of capital for smaller companies as the pandemic leads to longer B2B payment terms. Steve McDonald, eCapital Corp. president, explained the FinTech innovations that are enabling SMBs to embrace the cash flow benefits of factoring with less of the risk. |
| Government Entities Deepen Blockchain Payments Exploration Digital currencies continue to make their way into the mainstream, with government entities elevating their exploration of the technology. This week's look at payment rails innovation finds the Monetary Authority of Singapore, the Bank of England and others stepping further into the digital currency space to tackle payments friction in ways that legacy rails potentially cannot address. As they do so, their involvement with blockchain as payments infrastructure will deepen too. |
| | Cross-Border Payments | | SMBs Seek New Avenues To Cross-Border Payments Global growth can open up avenues for more customers and new revenue streams, yet for many small- to medium-sized businesses (SMBs) in the U.S., a lack of familiarity in working with foreign currencies, combined with major barriers to cross-border payments services, can hamper the international effort. OFX President, North America Alfred Nader told PYMNTS about how SMBs can secure the competitive advantage of accepting payments in foreign currencies without relying on the legacy correspondent banking system. |
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