Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders:...
Blockchain company XinFin is rolling out an integration between its invoice factoring application InFactor and QuickBooks. 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...
Mexico’s BancoBASE is revamping its corporate payments processing capabilities through a partnership with Volante Technologies, the companies said in an announcement Tuesday (April 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
While use of trade finance continues to climb, the International Chamber of Commerce‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower...
Verizon Connect, the fleet management unit of telecommunications firm Verizon, is integrating its telematics and mobile workforce management software into the commercial vehicles manufactured by U.K.-based Iveco. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In Switzerland, the tally of FinTech firms grew by 62 percent year over year, aided by a favorable regulatory climate, according to a recent study. And elsewhere, in Africa, significant funding rounds demonstrate a commitment to mobile lending.
Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020. Get the...
The All-Party Parliamentary Group (APPG) on Fair Business Banking is calling for a new investigation into Lloyds and how much its executives knew about the ongoing mistreatment of small business customers by its HBOS unit. Get the Full Story Complete the form to unlock this...
U.S. President Donald Trump announced over the weekend that U.S. Treasurer Jovita Carranza is his pick to lead the Small Business Administration (SBA), after its current chief, Linda McMahon, announced on Friday (March 29) that she will leave the post. Get the Full Story Complete...
