The wealth effect. It’s ephemeral, fleeting and widely desired. Especially for consumer spending. Generally, the wealth effect works this way: When people see their stock portfolios going up, as markets go up, of course, they feel more confident about their financial security. When they feel more...
On Wall Street, sometimes growth is not enough. Steady growth must be in the cards, and when it comes to tech companies, accelerating growth is a coveted hallmark for revenue and earnings. So it is, then, that Alphabet, Google’s parent company, stumbled this past week....
Though more than half of corporate payments are done through paper means, increasingly, and recently, a number of players have been jumping into the fray to bring payments to the digital realm, enough to have made this past week a B2B sizzle. News came this...
Call it the fizzle that might be felt across Europe – and beyond. Call it the corporate equivalent of deer in the headlights. Billions of transactions. Millions of merchants. And perhaps more than $100 billion in lost sales. That’s because Strong Customer Authentication (SCA) is...
In Samuel Beckett’s “Waiting for Godot,” there’s a line that rings a bit true of Brexit: “Nothing happens. Nobody comes, nobody goes. It’s awful.” The nothing that is happening is now being stretched out a bit longer, with a new October deadline in place, where...
Might the check be going the way of the dodo? The way of not-so-fond memory, while trees breathe a silent sigh of relief? As 2019 ended its first quarter, it may have been the deals worth tens of billions of dollars that garnered the lion’s...
Inspired by Amazon’s new Prime offer, Amazon Day, CFOs and corporate cash managers are transforming their payables operations so that they pay suppliers on the same day each year. Dubbed PayDay, the aim is to streamline payables operations and eliminate the friction associated with having...
Payments has moved beyond batches to … photons. The Fed’s faster payments council now seeks to enable the fastest payments in the universe, approaching and perhaps even exceeding the speed of light. Get ready for the warp bubble.
Get ready for a commodore — the old Commodore 64, that is, a mainstay of the home computing boom of the 1980s. News from the European Union — specifically, the organization’s Committee of Turning It All Back — is that politicians and regulators from the EU’s...