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TD Bank Executive Looks at e-Payables Future

Wednesday, March 4, 2015   (0 Comments)
Posted by: Mike Rose

Neil McHugh, vice president and district sales manager, Treasury Management Services at TD Bank, recently wrote about what the next few years could hold for e-payables on Supply & Demand Chain Executive's website.

McHugh notes that signs point to interest rates rising in the near future, with the federal funds rate reaching normal levels by the end of 2017. McHugh adds that "(a)lthough a systematic monetary policy may bring about slow, gradual changes in interest rate levels, any uptick will create new incremental economic benefits for the users of e-payables."

The article also explores the differences between buyer-initiated payments (BIPs) and virtual cards, and touches on some of the benefits BIPs can provide to suppliers.

Click here to read the full article.

Source: Supply & Demand Chain Executive

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