Funding Circle hires former PayPal exec, NACHA promotes B2B ACH payments standardization, and AvidXchange launches Purchase to Pay.
| | | | BUSINESS TO BUSINESS EDITION | | NEW REPORT: In US, Cash Holds Firm Against Rising Digital Dollar In the U.S., cash isnât just sticking around â at $2.3T in overall spend, it remains the most commonly used payment method among consumers. The latest Global Cash Index examines more than 240 data points to gauge the factors powering cashâs projected growth in the U.S., and its place in the ever-more-digital retail market. Plus, an interview with Claire Greene, payment risk analyst for the Federal Reserve Bank of Atlanta, on U.S. consumersâ changing cash habits. |
| The Reverse Side Of Lackluster T&E: Employees Stuck With The Bill Employee expense fraud is an all-too-common sign that a company's T&E policies are lackluster. But new research from Allstar Business Solutions suggests there is another side to inadequate expense reporting, management and enforcement practices. According to the company's latest report, Out of Pocket Employees, complicated and unclear expense policies and processes mean workers aren't even bothering to file expense reports. This suggests that T&E shortcomings mean money lost for both employer and employee. |
| | B2B Payments | | AvidXchange Launches Purchase To Pay Today, AvidXchange announces the rollout of its Purchase to Pay solution, a platform that helps SMEs manage payments from supplier contract negotiation through invoice and payment. Michael Praeger, AvidXchange CEO and co-founder, told Karen Webster that Purchase to Pay is as much about simplifying the SME B2B payments process as it is about building connectivity between once very siloed processes. |
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