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B2B Late Payments Tracker

FSB: No Govt Contracts for Big UK Firms That Pay Late

In the U.K., a group representing small businesses says larger firms that are late payers should not get government business. Separately, Sears' bankruptcy filing dominates headlines surrounding the once-mighty retailer. Now, a lawsuit has been filed over claims of unpaid invoices.

SMB Finance

How Canada's Post Strike Could Boost Electronic B2B Payments

Canada Post union workers began strikes this week amid contract disputes. While disruptions are sure to lead to headaches for consumers, businesses and government entities, there may be a surprisingly positive effect. The Canadian Federation of Independent Business is urging small businesses — many of which still rely on the post to send and receive paper invoices and checks — to embrace eInvoicing and electronic B2B payment rails as a result of the strikes.

Treasurers Begin Exploring New Open Banking Opportunities (And Risks)

Open Banking initiatives spark competition with FinTech firms, but bank and corporate treasurers are realizing that's not the only use case for data sharing. There is also opportunity to enhance the data connectivity between FIs and multinational corporate clients for greater financial clarity, as SkySparc Head of Product Management Marcus Gullers tells PYMNTS. The big question mark, he says, is cybersecurity — and if (or when) an Open Banking data breach will rear its ugly head.

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