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Why Pro Sports Teams Are B2B Payments Role Models

PYMNTS

But professional sports organizations can act similarly. That is, professional sports organizations can act as corporate role models to other organizations, at least when it comes to their B2B payments practices, said Max Eliscu, CEO of B2B payments and invoicing firm Viewpost.

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An Unlikely Leader In B2B ePayments: Professional Baseball

PYMNTS

In a new video , commercial card and B2B payments company CSI globalVCard highlighted the role that professional baseball teams, themselves complex corporations, play in adopting electronic payment solutions. The CFO pointed to the time commitment associated with overhauling payments and finance processes.

B2B 40
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UK Businesses Lost £93M Last Year Due To Invoice Fraud

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Invoice fraud happens when criminals pose as a regular supplier and make a request for their bank account information to be changed, usually via email. Businesses are then tricked into sending money to a fraudulent account. Invoice fraud could happen to businesses of all sizes. Even tech giants can be hit with invoice fraud.

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Invoice Fraud Hits Microsoft?

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Engadget reported that Jeff Tran, Microsoft ’s former director of sports marketing and alliances, was charged with five counts of wire fraud. In detailing the invoice fraud, Engadget said that, in one of those two cases, an invoice for $775,000 was allegedly routed to a bank account belonging to Tran. million from the company.

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Bill.com Now Supports 106 Currencies In 137 Countries

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Cloud-based finance software Bill.com can now facilitate international payments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept. Bill.com has been an amazing accounts payable solution,” said Jurie Victor, finance manager at Spikeball, a sports equipment company in Chicago, Illinois. “We

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For Gig Workers and Entrepreneurs, Business Banking Done Digitally

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The company said in an announcement that the solution, aimed at gig workers, entrepreneurs and contractors, can let those individuals and small firms do away with outsourced accounting services. He said that for many smaller firms, taking on the services of a full-time accountant or monthly paid accounting software is not a suitable option.

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Fixing The KYC And AML ‘Horse-and-Buggy’ Model

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Separately, 23 countries were blacklisted by the European Commission for their AML and CTF (counter terrorist financing) framework deficiencies. The goals remain the same: to identify, examine and monitor account openings, holders and their activities. How to Change.