Where checks are still used, they are used to pay bills, and in particular between businesses. But that’s not because businesses like using checks and don’t want to change. René Lacerte, CEO and Founder of Bill.com says that it’s all of the stuff that happens...
The Federal Reserve says demand for bank loans is increasing — if only mildly — and so are credit quality and demand for banking services, according to American Banker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Global financial-messaging network SWIFT has extended its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network, according to Cash & Treasury Management File. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Over the past 40 years, innovators of all shapes and sizes have used ACH to enable an array of payments opportunities. According to Jan Estep, President and CEO of NACHA, the ACH network has been in a state of continuous change to meet the needs...
The Internal Revenue Service has launched a data exchange service so foreign banks and countries can more easily comply with a U.S. tax law — and to send other governments information too, the Wall Street Journal reported. Get the Full Story Complete the form to...
Regulators around the world are stepping up anti-money-laundering (AML) efforts, and, as a result, lenders are tightening the screws on cross-border payments, according to Corporate Treasurer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. payments industry lacks common standards for interoperability, and that’s standing in the way of faster payments and better payments security. That’s the conclusion of a Federal Reserve-sponsored symposium on payments innovation, according to the Chicago Fed Letter. Get the Full Story Complete the...
Apple Pay, ATMs and even traditional B2B financial-transfer systems will be the top targets of a new wave of payments-oriented cyberattacks in 2015, according to predictions by security vendor Kaspersky Labs. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Alternative lender OnDeck Capital, which focuses on loaning money to small-business borrowers, expects to continue with business as usual after raising $200 million from its IPO on Wednesday (Dec. 17), according to American Banker. Get the Full Story Complete the form to unlock this article...
