OnPay talks easing disruption of accounts payable digitization, Visa debuts resources to support SMB recovery, and HSBC supports digital on-boarding for small businesses
| | | | BUSINESS-TO-BUSINESS EDITION | | SMBs Explore How To Incentivize Early Invoice Payments As businesses gradually restart operations, many small firms will be hit with a big shock: Many invoices issued pre-pandemic are likely going to be written off as uncollectable, and bank financing may not be as readily available for firms to cover the costs of late B2B payments. David Landsberg, co-founder and CEO of Peasy, tells PYMNTS why itâs vital for small firms to incentivize early payments for their corporate customers as the old rules of invoice payment practices no longer apply. |
| Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction New payment rails continue to gain traction in the U.S. as The Clearing House's RTP finds adoption with a community bank while abroad, other finserv providers embrace novel infrastructure. The Federal Reserve, meanwhile, has released a new tool to combat fraud on legacy payment rails, including wire, check and ACH. |
| | PODCAST: Accounts Payable | | OnPay: Why Itâs Time For AP Teams To Stop Talking And Start Transforming While accounts-payable teams continue to discuss the importance of digitization, many continue to ultimately stick to paper and avoid the costs of a digital overhaul. But an AP paradigm shift doesnât have to be massively disruptive or be expensive, says Julie Negrete-Anderson, OnPay Solutionsâ founder and chief operating officer. She tells Karen Webster AP teams can no longer afford not to take action in their modernization initiatives. |
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