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Paystand: Rolls out new suite of treasury management tools

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

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