The conventional wisdom is that all software companies will, at some point, become payments companies. But, as Deirdre Cohen, senior vice president of acquiring at Visa, told Karen Webster: Not all software companies should become payments facilitators (PayFacs). For almost all software firms, she said,...
“The check is in the mail” is a catchphrase for: You’ll get paid — just don’t hold your breath wondering when. The check is but a promise to pay — and it really doesn’t amount to much until it hits the bank account and settles....
Construction firms facing lower housing starts and rising mortgage rates that are turning off potential home buyers are increasingly turning to digital payment solutions as a way to increase cash flow and clear accounts receivable (AR) faster and cheaply. This is analyzed in depth in...
Investments in digital systems for fraud prevention, working capital, and accounts receivable (AR) lead a long list of digital expenditures that are yielding benefits for these businesses. These modernization efforts are seen as reducing errors while improving the quality and speed of work, which are...
All signs point to Brazil being back on track as a digital economy leader, marked by steady increases in digital payment innovation. PYMNTS’ Q3 2022 ConnectedEconomy™ Index, “How the World Does Digital,” measured how more than 30,000 consumers across 11 countries incorporated digital tools, transactions...
Businesses have dealt with unprecedented change in recent years and are preparing for what comes next. With the near-term economic outlook uncertain, many are reconsidering the distribution of their technology spending. Companies are also considering whether they can realize bigger payoffs as the economy’s digital...
Payoneer has received another license as it aims to extend its services around the world. The FinTech company said in a Friday (Feb. 17) press release that its subsidiary, Payoneer Payment Services UK, has received an electronic money license from the U.K.’s Financial Conduct Authority...
The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital payments service provider Paymob, that challenge is holding back businesses, particularly small mom-and-pop shops, from unlocking their full business potential....
India’s PhonePe is closer to realizing its super app ambitions after raising $100 million. The Walmart-backed payments platform announced the round Tuesday (Feb. 14), which values it at $12 billion and will allow it to launch new services including lending, stock brokering and eCommerce via...