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發表於 2025-5-25 03:51:01
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The siloes between accounts payable AP and accounts receivable AR continue to come down as service providers recognize the importance of facilitating payment acceptance as much as the capabilities of making those payments in the B2B context.Last week, Bottomline Technologies Vice President of Strategy and Product Bill Wardwell explained in an interview with PYMNTS how streamlined, digital accounts payable processes can have an impac stanley cup t on suppliers ; accounts receiva stanley mugs ble operations. The ideal strategy, he explained, is for corporates to introduce accounts payable technologies that offer suppliers a choice when it comes to how they submit invoices and receive payments.And once those invoices are approved, the solution should give the customer multiple payment methods to pay their suppliers without requiring multiple payment processes, 8 stanley thermos 221; he said.Not only does the focus on the vendor promote payment acceptance, but it enables integration of invoice and transaction data across platforms for both buyer and supplier.This week, the latest in AP solutions that target AR friction focus on commercial card acceptance, streamlined processes between buyer and supplier, and payment acceleration to limit the friction of chasing down unpaid invoices.Visa, Mesh Put The Supplier First ;Visa and Mesh announced a collaboration last week, aiming to put the supplier first when enabling businesses to make payments using Visa virtual prepaid commercial cards.The Mggi Shifting The Finserv Focus To Amazon Sellers
Standard Chartered Bank will begin pilotin stanley website g stanley quencher a trade finance solution powered by blockchain technology, reports said Friday March 31 .The Hong Kong operations of the bank are leading the DLT Trade Finance Working Group, formed under the Hong Kong Monetary Authoritys Fintech Facilitation Office. Reports said the bank has delivered a proof of concept to use blockchain in trade finance, developed in collaboration with the Bank of China, Bank of East Asia, Hang Seng Bank and HSBC and Deloitte Touche Tohmatsu, reports said.With a proof of concept POC delivered, the group will begin testing the solution, which, it said, will target cost reduction, increased transparency, real-time data updates and other benefits to the trade finance industry. We see significant potential in the application of smart contracts in trade finance and will continue to work with industry partners and regulators to make this a reality in the near future, said Gautam Jain, global head, digitization and client access, tr stanley usa ansaction banking at Standard Chartered.The bank added that standardization will be critical to successful implementation of distributed ledger technology in the trade finance arena. In the POC, we proved DLT could facilitate information sharing among different entities while presenting client privacy and confidential business information, stated Standard Chartered聽Head of Country Technology Management in Hong Kong Tommy Fung. Furthermore, DLT could mitigate fraud-related risk and improv |
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