Bottomline Technologies – Late payments starting to take toll

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Despite UK government efforts to increase penalties on firms who fail to pay suppliers on time, the impact on small businesses is increasing, agree industry advocates and a market participant.

“[Recent government proposals] are giving big customers the out to say, ‘no, we don’t have unfair payment practices, we’re just useless. We’re not systemically mean, we’re just a bit hopeless,’” says Louise Beaumont, co-chair, Open Banking Payments Working Group, techUK.

Read more here.

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