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TrueLayer To Enable UK Government Payments. government to work with public sector entities and provide them with payment initiation services, according to reports in SmartCitiesWorld. Spain’s central bank recently granted a PSD2 license to payments technology firm RevoluPAY, which announced the news late last month.
One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. He added that while businesses are moving away from checks toward electronic payments, ePayments don’t necessarily meet all the needs of vendors and suppliers.
The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. That’s what he said the startup aimed to create in its mobile tool for corporate deposits.
The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. That’s what he said the startup aimed to create in its mobile tool for corporate deposits.
Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. “Checks will be around for a while. Preserving Check Workflows.
Payments would be fast — instant even — and accounts payable and accounts receivable would align, allowing all businesses to be on the same financial page with their cash flow. A final dose of reality the executive offered is perhaps the most significant: Payers want to be in control. Reality, of course, is far from this utopia.
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