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According to John Innes, CEO of ACH Processing Company , the complex flow of B2B payments in the healthcare space has several areas of opportunity to not only bring efficiency to the process, but actually provide financial relief to both payers, like third-party administrators (TPAs), and payees, like dental offices and private practices.
Factory shutdowns and stay-at-home orders have disrupted manufacturing and production, with ramifications reverberating throughout global supply chains. Yet as van der Walt explained, without preexisting B2B relationships in place, the process of connecting vendors like airlines to payers like shippers and forwarders is a major hurdle.
Amid shutdowns and travel restrictions, a dramatic decline in business trips had some in the industry wondering what the future of card spend would look like. This trend has driven commercial card issuers and technology providers to not only promote adoption among payers, but introduce new solutions to help suppliers accept cards, too. “So
And digital payers are striving to win more business from tax filers this year. But there is some good news: Despite the government shutdown, tax refunds will still be paid, according to the most recent reports. Rise of Quicker Payments.
Kohli said such customers are looking to turn the shutdown into an opportunity by rethinking some manual processes that their payments workflows are still chained to. He said interest in those areas are making themselves felt in conversations that Citi has with its corporate banking clients, including some of the world’s largest companies.
A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs.
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