Paystand: Rolls out new suite of treasury management tools
- Paystand’s on a mission to create a more open financial system, starting with B2B payments
- The cash they depended on to make payroll and pay critical bills disappeared
- On Friday, March 10, SVB account holders found their cash frozen and unavailable
- And numerous applications that non-SVB companies depend on for accounts payable
- In light of this calamity, businesses around the country are increasingly worried about the security
- The collapse of SVB reflects an endemic risk within the U.S. central banking system
