Sections
late payments
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1.0KB2B PaymentsIn The UK, Fines May Loom For Big Firms That Pay Late
New proposals on offer from Minister of Small Business Kelly Tolhurst in the U.K. may hit large firms in the pocketbook —...
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1.5KB2B PaymentsLate Payments On The Campaign Trail
It’s not just large businesses that pay late. Even presidential campaigns at times have dragged their feet on paying for services in...
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1.9KB2B PaymentsSuppliers Left Hanging As Sears Rescue Attempt Progresses
The corporate restructuring of struggling retailer Sears continues, with hedge fund owner Edward Lampert reaching a deal this week to combine Sears...
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1.9KB2B PaymentsThe Domino Effect Of Corporate Failures, Late Supplier Payments
Despite ongoing turbulence from major global market events like Brexit and trade wars, the prevalence of business failures has actually declined across...
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1.4KB2B PaymentsUK SMB Group Calls On May To Tackle Late Payments
In the U.K., the late payments epidemic continues, with SMBs calling on the outgoing May administration for action. Meanwhile, late payments have...
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1.3KB2B PaymentsFreelancers Decry CNN’s 90-Day Supplier Payment Terms
News outlet CNN is reportedly set to wait 90 days to pay freelancers, according to reports last week from The Daily Caller....
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2.0KB2B PaymentsAustralian Governments Take Action On Late SMB Payments
While late payments to small B2B suppliers appears to be a universal challenge, the U.K. has arguably shed the most light on...
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1.6KB2B PaymentsData: Slovak Firms Among Europe’s Latest Payors
In Europe, companies grapple with late payments – but certain regions and countries lag in getting suppliers paid. A new study finds...
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1.6KSMBsThe Vicious Cycle Of Trade Credits
The rise of the gig economy exposed an issue that had plagued freelancers for ages: past-due invoices and cash flow. PYMNTS’ Gig...
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2.2KB2B PaymentsIn Sierra Leone, Late Payments Lay Waste To SMBs
Sierra Leone is showing the impact of late payments, where a significant number of smaller firms have been forced to shutter operations....
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1.8KB2B PaymentsThe UK’s Prompt Payment Code Sees Laggards
In the U.K., mandates to get larger firms to pay smaller suppliers and contractors with speed seems to be hitting some speed...
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2.4KLoansCredit Card Losses Top Home, Auto Loans At US Banks
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10...
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1.6KB2B PaymentsRolls-Royce, Vodafone Among Prompt Payment Code Violators
The U.K.’s Chartered Institute of Credit Management has removed or suspended a total of 17 companies from the Prompt Payment Code, a...
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1.4KB2B PaymentsIn Wales, Late Payments’ Ripple Effects Felt In Construction Sector
A Welsh construction trade group is advocating for safeguards to get smaller suppliers paid in the wake of a larger firm’s collapse....
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2.3KB2B PaymentsGovQuote Links Government Suppliers To BlueVine Financing
Small business financing platform BlueVine is teaming up with government procurement solutions portal GovQuote to connect government vendors with working capital solutions....
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2.6KB2B PaymentsDawnus Collapse: Did The Construction Sector Learn Its Lesson From Carillion?
More than a year after the collapse of U.K. construction giant Carillion, the case continues to make headlines. Most recently, the U.K.’s...
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3.3KB2B PaymentsLegislation Bows To Curb US Government Late Payments
In the wake of the government shutdown, several U.S. lawmakers unveil legislation aimed at getting government contractors paid in a timely manner. In...
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3.1KB2B PaymentsFunding Options Criticizes UK Approach To Late SMB Tax Payments
Alternative small business lending platform Funding Options has criticized U.K. tax authorities’ approach to small businesses that fall behind on tax payments....
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3.4KB2B PaymentsScottish Construction Trade Association Calls For Action Amid Late Payments
Spotlights continue to be trained on late payments in the United Kingdom, where a construction trade group in Scotland has called for...
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3.9KB2B PaymentsIn UK, Cabinet Warns Suppliers Of Bans Over Late Payments
Public contractors get a warning in the United Kingdom that late payments to suppliers and subcontractors could get them banned from public...
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4.3KB2B PaymentsStudy Shows UK Late Payments’ Impact On Employees
Late payments have had a ripple effect in the UK, as cash flow has gotten tougher to manage – and even covering...
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4.1KB2B PaymentsFor Suppliers, Buyer Risk Goes Beyond Late Payments
Late payments may dominate the headlines as the biggest worry for suppliers — especially smaller vendors. But lengthy payment terms and missed invoice...
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4.0KB2B PaymentsUK Chancellor Seeks Crackdown On Late Payments
Late payments continue to negatively impact small enterprises in the U.K., and the Chancellor of the Exchequer has stated that larger firms...
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7.5KB2B PaymentsVodafone To Profit Off Late Payments
Vodafone Group has invested in a fund that makes money by paying suppliers late. The company invested €1 billion ($1.1 billion USD) into the €2.4...
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4.1KB2B PaymentsPayments Code Down Under Makes Headway
In Australia, more businesses are signing onto the late payments code that punishes late payers. In the UK, there are calls to...
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5.7KB2B PaymentsWhy Construction Payments’ Friction Has Nothing To Do With Payments
What’s more complicated than a B2B transaction? A B2B transaction in an industry like construction, where what triggers a payment isn’t a...
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2.4KB2B PaymentsReport Breaks Down UK Late Payers By Geography
A new report shows where the late payers are — and are not — in the United Kingdom, as defined by geography. In...
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6.6KB2B PaymentsLate Payment Penalties In India Include Prison Time
In India, government efforts to crack down on late payments made to smaller firms include fines and possible imprisonment for officers of...
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5.5KB2B PaymentsWhy Faster Payments Isn’t The Answer To Accounts Receivable Delays
With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments...
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3.2KB2B PaymentsFSB Pressures UK To Nix Contracts To Late Payers
Small businesses combatting the practice of late invoice payments in the U.K. are proposing a new tactic in the fight. Reports in...
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3.9KB2B PaymentsDown Under, Supermarkets Combat Late Payments
In Australia, large supermarket chains are among the firms combatting late payments, and adhering to a supplier payment code. In the U.S., the...
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Intuit Study: A Third Of Small Businesses Grapple With Late Payments
Cash flow is steady when accounts payable and accounts receivable are well managed. Hiccups in accounts receivable — such as not getting paid...
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5.2KB2B PaymentsCash Flow A Tough Lesson To Learn For SMBs
Small businesses (SMBs) are often called the lifeblood of the economy. As it were, cash flow is the lifeblood of the small...
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3.5KB2B PaymentsYooz Debuts AP Automation Tech To UK Market
Procure-to-pay software company Yooz plans to expand into the U.K., the firm announced on Wednesday (Feb. 6). A press release revealed that the...
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4.2KB2B PaymentsPG&E Bankruptcy Plans May Hit Suppliers, Too
The ripple effects of PG&E’s bankruptcy may hit billions of dollars in outstanding supplier contracts as renegotiations loom. Elsewhere, Saudi Arabia is spotlighted...
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4.6KB2B PaymentsUS Firms Claim Delayed Payments From Saudi Arabia
U.S. suppliers are growing more vocal about what they have said are lengthy payment terms from government customers in Saudi Arabia, recent...
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2.8KB2B PaymentsAussie Lawmaker Calls For Mandatory Timely Supplier Payments
Australian Senator Pauline Hanson is urging the government to adopt mandatory, timely B2B payments for small suppliers, reports in The Australian said...
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3.6KB2B PaymentsWhere Payments And Funding Fit Into The SMB Growth Trajectory
For a small business (SMB) to grow enough to expand across borders is an accomplishment by any definition, considering how many hurdles...
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4.9KB2B PaymentsLate Payments A Government Hallmark In The UK — And US, Too
As the government shutdown dragged on into the weekend, the impact of late payments on contractors got the spotlight in outlets such...
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4.2KB2B PaymentsIn UK, Larger Firms Pay Suppliers Later
The late payments epidemic continues in the U.K., and larger firms take longer to pay. Separately, it’s no cakewalk for Patisserie Valerie to...
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3.2KB2B PaymentsIn UK, Cabinet Office Pays Late, Too
In the U.K., it turns out that even some of the most vocal critics of late payments … pay late. Will a...
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UK Tries Another Late Payments Tactic With Stoplight System
The U.K. is launching a traffic-light warning system to spotlight large companies that fail to pay their suppliers on time. The Sunday...
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4.0KB2B PaymentsFresh Questioning Amid Carillion’s Collapse
Carillion’s ripple effect continues, with new questions lobbed at the firm’s former executives as the government weighs in on late payments. Elsewhere,...
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2.6KNewsFive At Five: Amazon Doesn’t Have A Lock On Smart Speakers
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest news about...
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4.5KB2B PaymentsGreensill: Holiday Impact On Late Payments Will Be $110B
Alternative lender Greensill has released new research on how much vendors and manufacturers of holidays gifts and products will be waiting on...
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4.6KB2B PaymentsPatisserie Valerie Fallout Continues With Late Supplier Payments
The fallout from the alleged accounting scandal at U.K. café chain Patisserie Valerie continues, with the firm’s delayed payments to suppliers causing...
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5.6KB2B PaymentsRising Delinquency Rates Dampen Reports Of Stronger Business Performance
There is a lot to be optimistic about for U.S. businesses. A strengthening economy and forecasts of new revenue heights have corporates large...
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4.3KB2B PaymentsUK Late Pay Epidemic Looms Over Xmas Season
The U.K. seems to be the epicenter of the late payments epidemic, and new stats bear out the cost to the tune...
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4.2KB2B PaymentsIn UK, Late Payments Report Finds Fault With Big Retailers
Stretched payment terms got examination in the U.K., which found that some retailers, such as WHSmith and Boots, are paying suppliers only...
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3.4KB2B PaymentsLate Payments Spur Australian Subcontractors’ Advocacy
Down under, subcontractors are seeking relief from late payments, and calling for legislation to protect their precarious financial condition in the building...
