Prompt Payment Code

UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

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

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,...

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

When it comes to late B2B payments, there’s good news and bad news. The good news stems from the U.K., where new research has found...

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

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...

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

Nearly two years have passed since U.K. construction giant Carillion collapsed, but the saga continues to send shockwaves throughout the global construction industry. One of...

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Late Payments Epidemic Continues To Have Ripple Effects In Europe
Late Payments Epidemic Continues To Have Ripple Effects In Europe
November 25, 2019  |  B2B Payments

The data show that late payments continue to have significant impact across the UK – and firms are devoting at least one work week a...

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In Australia, Late Payments Hit SMBs During Holiday Season
In Australia, Late Payments Hit SMBs During Holiday Season
November 11, 2019  |  B2B Payments

Late payments have hit Australian firms across several verticals — with a notable impact across the transport industry. The practice of supply chain finance is...

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In UK, (Some) Large Firms Suspended from Prompt Payment Code  
In UK, (Some) Large Firms Suspended from Prompt Payment Code  
July 19, 2019  |  B2B Payments

In the UK, several large publicly traded companies have been suspended from the Prompt Payment Code for late payments.  Separately, Tipalti debuts a new offering...

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In The UK, Fines May Loom For Big Firms That Pay Late
In The UK, Fines May Loom For Big Firms That Pay Late
June 24, 2019  |  B2B Payments

New proposals on offer from Minister of Small Business Kelly Tolhurst in the U.K. may hit large firms in the pocketbook — via fines, if...

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