Different types of B2B Payments
Digital payments are increasingly common but come with significant cyber risks. Businesses can invest in secure networks to send and receive payments. They can choose processing partners with the ability to encrypt data, authenticate IDs and deploy secure channels. The risk can be efficiently mitigated if robust technology is applied to security and access control. Join Ritu as she explains how B2B payments are actually made.
Overview
There are several routes through which B2B payments can be made, whether that is through cash, cheques, cards, electronic transfers, or through gateways and alternate payment methods. Solutions for B2B payments tend to get lower priority than B2C solutions but that trend is changing, with the value of automating B2B payments in improving cash flows, minimising risks, saving costs and improving reports and data being recognised.
Key learning objectives:
Understand how B2B payments can be made
Understand how automation is driving change in the B2B market
Summary
Expert
Ritu Sehgal
With a career spanning over 20 years, Ritu has worked in several different areas of banking with some of the largest Global Banks in both Asia and the UK.
In her most recent role Ritu managed the Payments sales business for Lloyds Banking Group Corporate and Institutional clients.
