Afternoon Coffee: EU and US suspend tariffs in Boeing-Airbus dispute; US Senate passes $1.9 trillion Covid relief package; Germany tackles human rights in supply chain law

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In today’s headlines, the European Union and United States reached an agreement on Friday to suspend tariffs, ending a 17-year dispute over aid for Airbus and Boeing. In other news, the US Senate passed a $1.9 trillion Covid economic relief plan. Also, Germany signed a new law that will fine companies for not monitoring human rights abuses in their supply chains. Afternoon Coffee brings you the latest in procurement and supply chain news.

The stickiness of cards for B2B payments (or why card companies get 10X valuations)

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Virtual card payment growth is booming and many source-to-pay companies are partnering with banks to develop them or investing in capabilities or built a company on the value proposition of converting cheques to cards (see AvidXchange and AvidPay).

But why would any supplier take a card on payment terms? One industry card veteran said this is a classic example of financing the receivable and then allowing a card payment, a lose/lose proposition.

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