Suncorp has further upsized its issue of Basel III-compliant tier two capital, this time to A$770 million. It has set the margin at 2.85 per cent over the 90-day bank bill rate. Businesses in Australia are waiting nearly eight weeks to be paid by other companies, according to Dun & Bradstreet's trade payments analysis. D&B said the average invoice payment time increased to 55 days during the March 2013 quarter, up from 52 days in the previous quarter and 53 days a year earlier. D&B said the majority of invoice payments are being made late, with 48 per cent of accounts being settled between one and 30 days beyond the standard payment terms of 30 days, while 38 per cent are being made on time. iCash Payments has invited two directors on to its board, staving off a special meeting being sought by the Sherman Group. iCash has appointed Barry Sechos from Sherman as a director. It has also appointed Daniel Altiok-Brown, the principal of Octavium.