Australia’s banking industry continues to address misconduct at the largest of the nation’s institutions, with small business banking at the center of many of the regulatory efforts. But as the Australian Banking Association (ABA) prepares to introduce changes to the industry code of practice, the...
The European Union’s (EU’s) battle against U.S. card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered...
When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. to allow businesses to pay their corporate taxes in bitcoin. In an interview with CNBC at the time, Ohio’s then-State Treasurer Josh...
U.K. challenger bank OakNorth is teaming up with ClearBank, allowing OakNorth to link into the Faster Payments Scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Payment platform Payoneer is launching its Capital Advance service, the company announced on Monday (Feb. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
When a company realizes it’s time to improve its corporate travel and expense (T&E) management strategy, there are a few items on the list of must-haves: Spend control, transparency and analytics are probably high on that list. Get the Full Story Complete the form to...
Bank and non-bank collaboration gets a boost in South Korea through an interbank payment network and sandbox. Elsewhere, individual FinTech company initiatives shine a spotlight on open banking.
Consulting firm Accenture is teaming up with Mastercard, Amazon Web Services (AWS), Mercy Corps and Everledger to develop a supply chain solution that promotes financial inclusion and transparency, the firms said on Monday (Feb. 25). Get the Full Story Complete the form to unlock this article...
In India, government efforts to crack down on late payments made to smaller firms include fines and possible imprisonment for officers of larger, late-paying firms. In Scotland, the Federation of Small Businesses (FSB) wants late payers to be banned from receiving government contracts.
