News

B2B Payments
Average US Firm Waits 33 Days to Receive Cross-Border Payments, Data Show 
September 16, 2021

While one-touch digital payments and other rapid solutions have become table stakes on the consumer side of commerce, businesses continue to be weighed down by outdated manual, paper-laden payment processes. It’s a pinch-point scenario that is especially true in international trade circles, where check use...

Bitcoin
Bitcoin Daily: Chivo Bitcoin ATMs Come to 10 US Cities From El Salvador; India’s SBI...
September 16, 2021

AMC Theatres CEO Adam Aron said the movie theater will accept bitcoin, ether, bitcoin cash and litecoin for ticket purchases as it sees digital currencies gaining more traction, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Today In Retail: US Retail Sales Up 0.7% in August; Walmart Retains 10-to-1 Grocery Lead...
September 16, 2021

In today’s top retail news, consumer spending saw an increase last month despite deflated consumer sentiment, and Amazon is still struggling to increase its share of food and beverage sales, the sole category where Walmart has a solid lead. Also, ShipBob is adding new features...

International
UK-based dopay Makes Payroll Cashless for Workers in Egypt
September 16, 2021

Paying employees 24/7/365 days a year might be the norm in Europe, but not in a country like Egypt, said dopay CEO and Founder Frans van Eersel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Banks Ask EU to Continue Access to UK Clearing Houses
September 16, 2021

A “major” market disruption is anticipated if Brussels fails to extend a permit granting EU banks access to U.K. clearing houses, the Financial Times (FT) reported Thursday (Sept. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
B2B Payments Today: Chewy Launches eCommerce Platform for Vets; Partnership Helps Contractors Afford Construction Materials
September 16, 2021

Today in B2B payments, Airbase gives businesses real-time information on spending habits, Sonoco and Coupa team on payments and Tazapay debuts a global B2B Escrow-as-a-Service offering. Plus, Biild and Procore team up to help construction contractors afford their materials, and Chewy debuts a vets-only eCommerce...

Partnerships / Acquisitions
B2B Payments Firm Voxel Acquires Australia’s Troovo
September 16, 2021

The Spanish B2B payments company Voxel has acquired the Australian-based Troovo for an undisclosed amount. As PhocusWire reported on Thursday (Sept. 16), Voxel plans to incorporate Troovo’s Robotic Process Automation technology into its baVel payment platform, giving it GDS connectivity along with a decision engine...

B2B Payments
Citizens Bank Launches Corporate Payment Solution
September 16, 2021

Citizens Bank has launched an integrated payments solution designed to make payments processing faster, simpler and safer for its corporate clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Apple Software Patch is an Indication of an Intensifying Cybersecurity Arms Race 
September 16, 2021

Apple released an emergency software patch on Monday (Sept. 13) after researchers at University of Toronto’s Citizen Lab uncovered a security flaw that could allow hackers to secretly install spyware on Apple devices through iMessage without users’ knowledge. Get the Full Story Complete the form to unlock...