The COVID-19 pandemic created a need for unprecedented government disbursements. The United States federal government alone distributed $931 billion in direct payments to approximately 165 million individuals in 2020 and 2021, far exceeding any previous stimulus payment program in recent history. An estimated 9 million...
Though late B2B payments are traditionally thought of in the context of a large corporate buyer delaying invoice payment to small suppliers, this week’s B2B Data Digest highlights the variety of scenarios in which B2B payment delays can impact a company’s cash flow. From one...
Payment innovators and governments around the globe continue to invest in real-time infrastructure to accelerate the movement of funds. The U.S., however, continues to lag in its rollout and adoption of real-time payment rails. Yet some of the rails already in operation in the country...
Amid rising scrutiny over government debt and longer payments to contractors, Italy has churned up debate with its consideration of so-called mini-bills to pay state debts, a proposal that has critics worried about the potential ramifications of such a plan. Reports in Reuters on Sunday...
March 09, 2023
Three years ago, we got a sense of how governments could leverage technology in times of crisis — using digital pipes to get aid to people who needed stimulus payments and assistance the most. As the pandemic hit home across the globe, government agencies disbursed trillions of dollars in aid to citizens. Rajiv Garodia, SVP […]
