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Due to a lack of pre-payment control, demand for using credit cards for procurement purposes is still very low. However, recent developments in Australia could change all that.
The value of virtual accounts within the world of receivables is increasingly well known, but have treasurers considered their application in the payables space?
Lowering international payment costs in line with the huge flows from e-commerce is vital, says Westpac. Being AML and KYC compliant equally so.