Providing financial services to legal marijuana businesses in the U.S. has proven a challenging, complicated venture for the nation’s banks. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Get...
The Bank of England is reportedly exploring the possibility of developing and issuing its own digital currency, according to recent reports in The Telegraph. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In what was one of the most dramatic representations of the blockchain hype in 2017, a cigar company based in Florida reportedly ditched cigars entirely to operate in cryptocurrency mining. It’s a dramatic turnaround for the firm, Rich Cigars — which rebranded as Intercontinental Technology, Inc....
China’s central bank is reportedly looking to enhance the efficiency of cross-border payments by lengthening the operating hours of its payments clearing system for high-value transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Tracking how companies and their employees spend money is undoubtedly a critical component, not only for cash flow management, but also to ensure regulatory compliance and accurate financial reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
SAP is rebranding the travel and expense management company, Concur, following an acquisition of the firm in 2014. 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...
Investors are slated to provide a lot of support for the blockchain industry in 2018, but analysts largely agree that the technology remains in its early stages — even as more projects shift from concept phase into real-world working applications. Get the Full Story Complete the...
The Indian government wants banks to handle issues surrounding bad corporate debts and has no plans to waive the loans, according to reports Friday (Dec. 29) in the Economic Times of India. Get the Full Story Complete the form to unlock this article and enjoy...
The U.K. took several steps in 2017 to address the issue of late payments that large corporations make to their small and medium-sized business (SMB) suppliers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
