News

Investments
India’s CRED Wants to Reach $5.5B Valuation
October 11, 2021

Six months after a funding round that put its valuation at $2.2 billion, India’s CRED is hoping to double that figure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Citi Study: 44% of Participants Think Equities Timeframe Will Be T+1 in 5 Years
October 11, 2021

A new Citi study shows that 44% of participants think the settlement timeframe for equities will likely be T+1 in the next five years, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
15% of B2B Payments Do Not Reach the Designated Company on Time
October 11, 2021

Sometimes the check really is in the mail, yet it still doesn’t arrive at its destination on time. Other times, online bill payments may not remain fully digital, as current protocols often drop or convert these electronic payments into paper check format due to frictions...

Cross-border Payments
EBA, SWIFT, TCH, Collaborate To Make Cross-Border Payments Faster
October 11, 2021

EBA CLEARING, SWIFT and The Clearing House (TCH) are collaborating on a new initiative, Immediate Cross-Border Payments (IXB), to speed up cross-border money transfers and make the process easier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Paper Checks’ ‘Long Tail’: What It Takes to Move B2B Into the Digital Age 
October 11, 2021

To paraphrase Mark Twain, the death of the check – the paper kind – has been greatly exaggerated. Stubborn things they are – certainly they’ve found wide berth in B2B payments, even though their overall usage has been declining. The pandemic, though, has not been...

Banking
The Ten Year Reset: Highnote CEO Says Embedded Payments Need More Modern ‘Full-Stack’ Tech
October 11, 2021

We are moving toward the age of the super app, toward payments being embedded within experiences rather than being separate from them.  For the smaller firms and FinTechs that want to bring banking services to end users and extend their brands in the process, the...

B2B Payments
The Shift to a More Digital, Ecosystem-Driven Model Is Here — Corporates and Their Transaction...
October 11, 2021

What do you do when the “physical” becomes impossible? 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
Esker’s New B2B Payments Platform Aims to Improve Cash Flow Mgmt
October 10, 2021

Esker has rolled out a new set of integrated payment capabilities and strategic FinTech partnerships to help businesses unlock cash flow, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
JPMC, BoA, Other Big Banks Squeezed by Soaring Tech Costs
October 10, 2021

The biggest U.S. banks are feeling the crunch of higher technology costs as they try to compete with rising FinTechs, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...