Customer payment

Which billing deadline to choose? An overview of the different payment terms for customers

SANTA TERESA, New Mexico, May 18, 2018 / PRNewswire / – There are many different payment terms that can be extended to customers, such as net 30, net 60, or net 90. But what exactly does each one mean? And do these payment terms benefit or restrict a business? Interstate Capital discusses the most common […]

Customer payment

Malware attack hits Chili’s restaurants, customer payment information is recovered

Chile’s restaurants have just served up something rather nasty to its customers: the news of a data breach involving the collection of payment information from diners. Parent company Brinker International said on Saturday that “some” of its more than 1,500 restaurants in Chile had been the target of a malware attack. The stolen data includes […]

Customer payment

Longer payment terms for customers raise concerns among companies

Around the world, businesses are taking longer to collect payments from customers, increasing the risk of them running into trouble with the global economic downturn. A study by commercial credit insurer Euler Hermes shows that companies accept much longer payment terms from their customers than ten years ago. The average number of days outstanding worldwide, […]