Mastercard teams with RAKBANK on corporate cards, HSB talks SMBs’ growing cryptocurrency risks, and Accenture creates blockchain procurement solution
| | | | BUSINESS-TO-BUSINESS EDITION | | Banksâ Biggest Real-Time Liquidity Challenges As money moves faster, bank treasurers face greater hurdles in understanding current cash positions, as well as in predicting the cash inflows and outflows of tomorrow. Pete McIntyre, Financial Services Director at Planixs, says faster and real-time payments can benefit financial institutions (FIs) and corporates by moving liquidity more efficiently to react to fast-moving cash. But, he tells PYMNTS, speed can also hamper organizationsâ ability to predict where and when to move assets. |
| Payment Tools Find Middle Ground Between Buyer, Supplier This week's look at the convergence of accounts receivable and accounts payable finds service providers exploring the use of payment tools to discover the middle ground between buyers and suppliers. In some cases, that means taking one payment tool â like the commercial card â and using technology to ease friction for both senders and beneficiaries. In other cases, that means embracing a mix of payment rails to meet buyer and supplier needs. |
| | Small Business Payments | | The Risky Business Of SMBsâ Crypto Adoption More small businesses are embracing cryptocurrency as a way to address customer payment demands and as a strategic investment tool. Itâs increasingly becoming the new normal for younger companies today, but HSB Vice President Tim Zeilman warns that the cyber and financial threats are prolific, and business insurance today doesnât mitigate all of those risks. He spoke with PYMNTS about the warnings SMBs should heed as they step into the crypto market. |
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