News

eCommerce
Klarna, About You Partner on Easy-Return eCommerce in Germany and Switzerland
April 08, 2022

Sweden-based payments services provider Klarna this week announced a deal with European eCommerce firm About You that will allow customers in Germany and Switzerland to use the “Pay Later 30” payment option. Get the Full Story Complete the form to unlock this article and enjoy...

Payment Methods
Kenyan Mobile Service Providers Link With M-Pesa Payments Platform
April 08, 2022

Cell phone operators in Kenya are joining a central bank initiative to integrate the nation’s payment systems by allowing mobile payments across networks, Bloomberg reported Friday (April 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IPO
Bitcoin Miner Applied Blockchain Plans $60M IPO
April 08, 2022

Enterprise blockchain firm Applied Blockchain is preparing for a $60 million initial public offering (IPO) on the Nasdaq market, the company said in a Securities and Exchange Commission (SEC) filing Friday (April 8). Get the Full Story Complete the form to unlock this article and...

Security & Fraud
New Jersey Man Admits His Invoice Factoring Company Bilked Lenders of $50M
April 08, 2022

A New Jersey man admitted Thursday (April 7) to running a decade-long invoice factoring scheme that bilked lenders of $50 million, the U.S. Attorney’s Office in Trenton, New Jersey, announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Sanctions Could Cause 39% Drop in Russian IT Spending
April 08, 2022

Information technology spending in Russia this year could fall as much as 39% in the wake of sanctions imposed in response to the country’s war on Ukraine. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
US Banks Expect Q1 Earnings Dip as Ukraine Conflict Chills Investment
April 08, 2022

The first quarter was unkind to the nation’s banks. 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 newsletter, PYMNTS Today. By completing this form,...

B2B Payments
Delinquencies and DSO Dive When AR Payment Processes Are Automated
April 08, 2022

Manual accounts receivable (AR) processes lead to inefficient payment acceptance and credit assessment, which ultimately results in a slower collection process.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Axis Bank, ADB, Launch Supply Chain Financing Project
April 08, 2022

India’s Axis Bank has signed an agreement with the Asian Development Bank (ADB) to support supply chain financing, the bank announced on its website Friday (April 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Faster Payments
Survey: Faster Payment Methods Will Soon Be the Norm as Consumers Rely on Smartphones
April 08, 2022

When it comes time to pay their bills, many consumers are turning to their smartphones, while a recent survey by PayNearMe found that 45% of adults in the U.S. would have an easier time paying bills on time if they got a text alert. Get...