Category Archives: Supplier Payments

PPC: On Late Payment — Regulate, Shame or Just Deal with It?

There was some recent shaming of some very large companies by the UK government that did not comply with the Prompt Payment Code (PPC). Seventeen large companies, including heavyweights such as Vodafone, Rolls Royce, SSE and British Sugar, were suspended pending promises to fall into line.

Short of legislation, shame can be a tool. But when we think of the damage that large corporates have done far beyond late payment (i.e., Purdue Pharma & the opioid crisis, Lehmans & the Financial crisis, etc.) without paying any price, you have to wonder how effective shaming will be.

Why Payment Companies are Missing an Opportunity with Early Pay

Small Business Credit

David Gustin is the chief strategy officer for The Interface Financial Group responsible for digital supply chain finance and is a contributing author to Trade Financing Matters.

Facilitating B2B payments is certainly the “in” thing these days as witnessed by some of the more recent acquisitions — see Jason Busch’s Spend Matters’ post Another Payment Provider Gets Acquired.

Why all the excitement? The market sees opportunities around three areas — interchange fees, cross border payments and FX.

For many payment companies that deliver solutions to automate payments and accounts payable, their core value proposition, infrastructure and business model are built around converting their clients’ suppliers to card payment.

Pricing Power and Playing with Payment Terms

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For many large companies, extending terms is the easiest way to hold on to cash and make working capital your suppliers’ problem. There are countless examples of large public companies with terms that seem to go beyond common sense.

Will this stop? Is this morally right? I’m not here to pass judgment, but what I would like to better understand is how will inflation impact a supplier’s ability to pass along price increases.

Christmas, Bitcoin and Getting Back to Original Intent

At every Christmas party this past year I was asked about Bitcoin.  Given I recently taught a FinTech course I developed for Simon Fraser University, […]

Will Lack of Regulation Kill Cryptocurrency Use for Supplier Payments?

I received a lot of commentary from last week’s piece on paying suppliers using cryptocurrency. Many commented about the lack of regulation, implying that money […]

Is it time to Start Paying Some Suppliers Using Cryptocurrency?

Ripple, BTCCash, Bitcon, Etherium, the list goes on. Can it get any more confusing? With FOMO or fear of missing out, buying crypto wallets is […]