All articles by Ifor Williams

Ifor Williams

Big e-invoicing opportunity for banks

Business-to-business electronic payments presents a huge opportunity for corporates to cut costs and improve cash flow, while for banks it remains a significant growth opportunity Migrating business-to-business (B2B) commerce from its traditional paper-based format into the world of electronic payments sprung into prominence in the late 1990s, driven primarily by the promise held out by internet e-commerce.In no small way, US conglomerate General Electrics (GE) aggressive adoption of B2B e-commerce in 1999 added a healthy dose of credibility to projections of exponential growth in the sector