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Heightened geopolitical tension in 2024 will result in rising invoice fraud

Accounting Insight

In 2024, the Prompt Payment Code will get tougher to address the payment power dynamic between small and large businesses By Sarah-Jayne Martin Director, ICA Global AR Practice at Quadient Accounts Receivable In 2023, the government’s review of the Prompt Payment Code was a positive move towards addressing the power balance of late payments.

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How Canada’s Post Strike Could Boost Electronic B2B Payments

PYMNTS

While the post disruptions are certainly a headache for the public (consumers, businesses and government entities alike), there may be an unexpected effect of the strikes: a boost in electronic invoicing and payment adoption. 22), with strikes first beginning in Victoria, Edmonton and several other major cities.

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Today In B2B: Virgin Money Chooses Biz Banking Partner, Iceland Debuts Instant Payments

PYMNTS

Today in B2B payments, Virgin Money has tapped a FinTech partner as it prepares the rollout of its business banking offering, while Iceland debuts its instant payments network. Virgin Money, Redspire Team On Business Banking. Virgin Money, Redspire Team On Business Banking.

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Australia’s Late Payments Fight Shows The Limits Of Government Intervention

PYMNTS

When it comes to late B2B payments, eyes most often turn toward the U.K., where payments and FinTech companies have worked to raise awareness of the issue, and where government policymakers have taken steps to combat the problem. According to the latest figures from Dun & Bradstreet, small businesses (SMBs) in the U.K.

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B2B FinTechs Get Creative With Enterprise Data

PYMNTS

This week’s B2B FinTech venture capital roundup is all about data, and, as investors showed, there’s more than one way to offer data services for the enterprise. In total, B2B startups raised more than $144 million this week — and the majority of that went to businesses targeting enterprise data in some way. SeamlessDocs.

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5 Ways Firms Can Support Entrepreneurs in 2024

CPA Practice

According to the QuickBooks survey, nearly 3 in 5 entrepreneurs with small business credit cards are using them as an emergency or temporary source of funding, and 75% report they have used at least 30% of their credit limit. And what may be the most astounding news of all? They estimate an average 16% APR on those credit cards!

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Amazon Business Expands To Canada

PYMNTS

Targeting small and medium-sized businesses, Amazon Business enables companies to procure goods online, while giving B2B sellers a new platform upon which they can reach new customers – not only in Canada, but also in other markets where Amazon Business is available. Germany, U.K., France, Italy, Spain, Japan and India.

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