Patrick Bermingham

CEO

Patrick Bermingham is CEO of Adflex.

B-to-B payments

Using checks to 'stretch terms' creates damaging fallout for B2B buyers

Buyers who rely on paper-based payments often struggle to onboard new suppliers. This "process overhead" can be so cumbersome that many buyers become resistant to change, opting instead to limit their supplier choices to a small number of partners, writes Patrick Bermingham, the CEO of Adlex.

By Patrick Bermingham

May 15

TRENDING

Fraud

Two thefts decades apart, and a victim's quest for answers

After a California woman spent more than a decade obtaining reparations for Nazi plundering of her family's belongings, the money disappeared from her bank account. Her saga highlights a gap in fraud cases between what consumers expect from their banks and what those banks are in a position to deliver.

By Kevin Wack

8h ago
Politics and policy

Fed's Cook cites CRE and cyber as financial stability risks

Federal Reserve Governor Lisa D. Cook highlighted concerns over private credit growth, commercial real estate distress and escalating cyber threats in remarks on financial stability at the Brookings Institution Wednesday.

By Ebrima Santos Sanneh

May 8
Fintech

Fintechs pitch banks with solutions to help consumers deal with debt

Consumer debt aggregators such as Method, Payitoff, Spinwheel and Tally are partnering with financial institutions to embed solutions that aggregate account information and devise ways to optimize repayment — including with low-interest offers from the bank itself.

By Miriam Cross

May 8