Tag: Payment

How to protect your information.

A business has received a large fine after failing to pay workers.

Three tips from global payment solutions specialists.

In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable and so is the debt that comes with it. For most businesses, trade credit is essential for growth as businesses don’t have to pay suppliers on the spot but rather with […]

Businesses are being encouraged to promote their commitment to good payment time practices by signing up to the National Payment Transparency Register, established this week by the Australia Small Business and Family Enterprise Ombudsman (ASBFEO). The Ombudsman, Kate Carnell, first called for a national register in her report into payment times and practices, published in […]

The Federal Government will begin paying small business suppliers ten calendar days sooner to improve their cashflow, it has been announced. Under the Government’s revised ‘pay on time’ policy, Small Business Minister Michael McCormack said federal agencies and entities will be required to pay invoices for contracts worth up to $1 million within 20 calendar […]

Global payment tech company Square has launched a countertop device that enables customer-facing businesses across Australia to transform iPads into full-integrated point-of-sale systems. According to Australian Country Manager, Ben Pfisterer, the Square Stand for contactless and chip payments “replaces the need for clunky cash-drawers, piles of paper receipts and cluttered countertops”. “There is an overwhelming […]

Sydney-based fintech startup easyshare has launched its rent and bill payment mobile app following a successful pilot phase, which saw it process over $10m in payments for a thousand early users. John Bush, who founded easyshare in 2014, spoke to Dynamic Business about his company’s early success. DB: What motivated you to launch easyshare? Bush: I was in […]

The strange thing is you can have a full order book and see that your business is really taking off, but if you don’t have a firm grip on the cash flow situation you could struggle to stay afloat and achieve long-term success. It is important to understand why cash flow matters so much to […]

Companies that sign-up to the voluntary Australian Supplier Payment Code commit to not only paying small business suppliers within thirty days of receiving a correct invoice but also helping them implement technologies and practices to speed up invoicing. The code is an initiative of the Business Council of Australia (BCA), which believes that it will […]