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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

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And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. The company now operates in the U.K.,

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Fintainium, CIT Group Pair Up To Optimize B2B Payments Workflows

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CIT Group will add a new level of B2B payment functionality to the software from workflow solutions provider Fintainium , aiming to make accounts payable (AP) and accounts receivable (AR) functions easier on small- and medium-sized businesses (SMBs) amid the coronavirus pandemic, according to a press release.

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Why It’s So Hard To Kill The Check In The Booze Business

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Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer. Around The B2B Payments World. COVID-19 is pressuring businesses that may be running out of time, however.

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The Digital Payments Preferences That Cross The Generational Divide

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The great digital shift has also had a ripple effect on the classic B2B model, particularly on supply chains, said Cole. Companies have had to adjust their inventory management practices, and in many cases amid lockdowns and shutdowns have had to look for alternative vendors.

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SMBs Turn To Barter To Ease Uncollected Receivables Burden

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At the height of the pandemic, shutdowns led to many firms closing their doors, and even with restrictions easing, many companies will never recover. It's been a really rough adjustment for a lot of them.". Customers want to pay later, and it does dampen the B2B relationship," said James. Today's business climate is rough.

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Shipping And Logistics: An Industry Jolted Into Digitization

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Factory shutdowns and stay-at-home orders have disrupted manufacturing and production, with ramifications reverberating throughout global supply chains. Yet as van der Walt explained, without preexisting B2B relationships in place, the process of connecting vendors like airlines to payers like shippers and forwarders is a major hurdle.

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Visa Beats Street On 11 Pct Payments Volume Growth

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And, he noted, another government shutdown, were it to happen, would hit consumer spending and sentiment. Through the 21st of January, said management, processed transactions saw a growth rate of 12 percent, and cross-border transactions were up an adjusted 6 percent. Within the U.S.,