Prompt Payment Code news and trends

UK Reinstates IBM, BT To Prompt Payment Code
B2B Payments // June 03, 2020

After bolstering their supply chain payment practices, five companies that were suspended from the Prompt Payment Code (PPC) in the past have been reinstated. Screwfix, IBM, Seddon Construction, Kier Highways and BT PLC were the five reinstated companies, according to an announcement. Get the Full...

FinTech Steps In As Invoice Payment Wait Times Inflate
B2B Payments // January 06, 2020

When it comes to late B2B payments, there’s good news and bad news. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

UK Government Awards Contract Despite Contractor’s Bad Credit
B2B Payments // January 06, 2020

The U.K.’s Crown Commercial Service (CCS) announced that Britain’s biggest construction company Balfour Beatty would be hired, even though it was among major construction firms that were recently punished for failing to pay suppliers on time, according to The Construction Index. Get the Full Story...

Finding The Right Incentives For Faster B2B Construction Payments
B2B Payments // December 23, 2019

Nearly two years have passed since U.K. construction giant Carillion collapsed, but the saga continues to send shockwaves throughout the global construction industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...