Santander names new small-business banking chief, FedNow instant-payments system set for 2023-24, new platform aims to fight booming B2B scams
| | | | BUSINESS-TO-BUSINESS EDITION | | PYMNTSTV B2B Payments 2021 |
| FedNowâs Montgomery: Gearing Up For 2023-24 â 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 Reserveâs chief operating officer and FedNow program executive, says the Fedâs ambitious instant-payments initiative remains on track â with a pilot program set to launch shortly. |
| 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 â especially small ones â 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 weekâs B2B Data Digest highlights the latest figures on payment terms. |
| | Cybersecurity | | Simplifying The B2B Cybersecurity Shopping Experience Scams targeting businesses are soaring in todayâs work-from-home era, according to CEO Armistead Whitney of Apptega, which recently launched CyberXchange, billed as the worldâs first B2B cybersecurity marketplace. From business email compromise (BEC) to impersonating a companyâs new CFO to get hapless co-workers to set up bogus money transfers, crooks are playing on companiesâ pandemic-era weaknesses. Hereâs how to fight back. |
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