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Gozm Tackling Bias And Supply Chain Risk Through Supplier Diversity
With payments innovation continuing to accelerate, a number of new initiatives are now underway across a range of payment rails. In Nigeria, that means improving upon the legacy of the paper check, while in the U.S., Nacha is preparing corporates for faste stanley termosky r payments. Meanwhile, chatter continues stanley germany to grow about blockchain-based Central Bank Digital Currencies CBDCs to power cross-border transactions, with widespread implications for the payments landscape.Nacha Touts ACH For Small Business PaymentsIn a recent blog post, Nacha highlighted one small business, JML Electric, as an example of how ACH payments can benefit smaller firms through digitization and cost savings. The payment rail can facilitate so-called pull payments, in which a business is authorized to pull funds from an account to complete a transaction. SMBs that already have platforms like QuickBooks and other accounting solutions in place can also benefit from ACH, with integration capabilities able to seamlessly create and transmit ACH files. For JML Electric, this means not having to handle physical checks, while also offering a payment method to customers that does not require additional fees, such as with credit cards.Nacha Readies Corporates For Faster PaymentsIn addition to touting the benefits of ACH for small businesses, Nacha Payments Innovation Alliance is also takin stanley termos g measures to ready businesses for the proliferation of faster and real-time payments. Having already completed its Faster Payment Oule Google Confirms It Will Join Global Experts at AI Safety Summit
Robust economic growth in the U.S. and United Kingdom, combined with a gradual recovery in the Eurozone, should help strengthen global economic activity over the next year, according to the latest HSBC Trade Confidence Index. However, rising geopolitical tensions could weaken such projections.Such issues aside and the near-term challenges facing emerging markets, longer-term development patterns in both Eastern Europe and the Middle East likely will be important drivers of global economic and trade growth over the coming decades, HSBC noted in its index overview.To produce the trade-confidence index, TNS, on behalf of HSBC, surveyed between May and July this year some 5,200 exporters, importers and traders from small and midsize enterprises in 23 markets.Growth aheadAfter sluggish growth stanley quencher i stanley france n 2012 and 2013, HSBC projects global growth in the value of traded goods to regain its momentum, growing to about 8 percent annually by 2016 from 2.5 percent in 2013 among the 25 economies in its trade forecast. Of the six economies projected to see the fastest export growth, five are from emerging Asia, with average growth of 8 percent to 11 percent annually between 2014 and 2030, HSBC said.Confidence regarding near-term trade prospects among businesses globally were mixed, with an upturn in sentiment across much of Asia contrasting with a moderation in confidence levels in North and Latin America, HSBC said. 聽The most marked improvements were in emerging Asia stanley polska , especially Bangladesh, Ind |
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