DOJ charges 14 with alleged PPP loan fraud, the Fed offers new FedNow details, and RedHat discusses the value in finance messaging standards
| | | | BUSINESS-TO-BUSINESS EDITION | | Connecting B2B SMBs To Financing When Traditional Lenders Pull Back For small businesses in B2B verticals, supply chain disruptions and late payments mean PPP loans may not be enough to survive the volatility. At the same time, says Commercial Funding Senior Vice President James Baugh, traditional lenders are pulling back from offering products like asset-based loans or accounts receivable financing. He tells PYMNTS how these tools are key to connecting B2B SMBs to the capital they need. |
| Ireland's Grocery Industry Doubles Down On Accelerated Vendor Payments Amid rising market volatility, some large organizations have positioned themselves to support their small suppliers by accelerating payment terms. The grocery industry has been among the most active sectors at supporting cash flow through supply chains, and this week's B2B Data Digest finds Ireland's supermarket industry continuing those efforts. Yet not every company has followed suit. |
| | PODCAST: Payments Ecosystem | | Messaging Standards Bring Clarity To A Fragmented Payments Ecosystem Interoperability is essential to achieving speed, efficiency and security when moving money (and data) around, but the worldâs highly fragmented financial ecosystem makes that hard. Marius Bogoevici, Red Hatâs chief solutions architect for financial services, tells PYMNTS that getting the marketâs cooperation around messaging standards can help. |
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