Santander names new small-business banking chief, FedNow instant-payments system set for 2023-24, new platform aims to fight booming B2B scams
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

October 12, 2020

       BUSINESS-TO-BUSINESS EDITION

PYMNTSTV B2B Payments 2021

FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

Faster payments initiatives are gaining ground across the globe. In a PYMNTSTV exclusive with Karen Webster, Ken Montgomery, the Boston Federal Reserve’s chief operating officer and FedNow program executive, says the Fed’s ambitious instant-payments initiative remains on track — with a pilot program set to launch shortly.

 

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Data Digest

Supplier Payment Terms Range From Lengthy To Unusually Prompt

Receiving B2B payments in a reasonable timeframe can mean the difference between life and death for businesses — especially small ones — in the pandemic era. In Britain alone, an estimated 50,000 small businesses shutter per year due to approximately $30 billion in late payments owed. This week’s B2B Data Digest highlights the latest figures on payment terms.

 

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Cybersecurity

Simplifying The B2B Cybersecurity Shopping Experience

Scams targeting businesses are soaring in today’s work-from-home era, according to CEO Armistead Whitney of Apptega, which recently launched CyberXchange, billed as the world’s first B2B cybersecurity marketplace. From business email compromise (BEC) to impersonating a company’s new CFO to get hapless co-workers to set up bogus money transfers, crooks are playing on companies’ pandemic-era weaknesses. Here’s how to fight back.

 

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What's Hot


Santander Adds 3 Lending Executives


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Best Of Yesterday


Dwolla CEO: The Paper Check-less Business Payments Sea Change


Email Scammers Are Targeting B2B Firms In Today’s Work-From-Home Era


FinTechs Raise Funding For Supplier Payments, Compliance Automation


 

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