Remove Automation Remove Payer Remove Payment Issues
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Six in 10 UK Small Businesses Say Late Payments Are Preventing Them From Reaching Their Full Potential

Fintech Finance

Nearly a third (32%) feel they have little to no control over how to manage late payments. The perceived lack of control varies based on the payer. 50% of respondents believe they have little or no control over late payments from big business customers, compared to 30% from small business customers and 26% from consumer payers.

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GoCardless Report Highlights the Domino Effect of Late Payments and Calls for Change

The Fintech Times

Around 32 per cent feel they have little to no control over how to manage late payments. This perceived lack of control appears to vary based on the payer. Until we tackle late payments, it will be difficult for SMBs to reach their full potential – both as a standalone enterprise and as a collective powerhouse for the UK economy.

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JPMorgan Rolls Out Same-Day Deposits

PYMNTS

Internationally, JPMorgan introduced its E-Customs Payment Solution , which fully digitizes and automates cross-border payments of goods. The bank is also progressing further into the world of healthcare payments with its recent acquisition of InstaMed, which addresses payments issues for consumers, providers and payers.

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JPMC Q2 Earnings Expected To Reflect Expanding Digital Innovations

PYMNTS

Internationally, JPMorgan introduced its E-Customs Payment Solution , which fully digitizes and automates cross-border payments of goods — the first foreign bank in China to do so.

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Deep Dive: Giving Healthcare Payments A Real-Time Upgrade

PYMNTS

healthcare market saw a rise in high-deductible plans following the 2010 passage of the Affordable Care Act (ACA), shifting a greater share of out-of-pocket payments, such as deductibles and co-pays, onto patients. million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5

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Accelerating Accounts Receivable Starts With The Invoice

PYMNTS

The risk of late payments has opened up conversations about how businesses can improve their collections practices and secure the cash they’re owed without damaging the buyer-supplier relationship. Automating AR processes like invoice generation can significantly lower those costs by promoting digitization.

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Extending Payment Terms A Competitive Edge — And A Cash Flow Burden

PYMNTS

“Contractors are notorious for not being good payers. Late payment is a reality,” he added, and indeed, research shows that the U.S. has its fair share of late payment issues. It’s too much of a manual process to handle without automation.”. It really depends on the vertical.”.