News

B2B Payments
US DOJ Continues Its Business Email Compromise Battle
June 28, 2021

The Business Email Compromise continues its dramatic attack on businesses’ B2B payment workflows in this week’s B2B Data Digest. With the U.S. Justice Department reporting on several business email compromise (BEC)-related cases, companies have also faced internal threats as employees manipulate accounts payable (AP) processes...

Banking
The Creative Destruction Of Banking: Aspiration Or Ultimatum?
June 28, 2021

The economic principle of replacing existing business processes and models with innovative and more efficient ones is nothing new. In banking, it’s more recently become a burning issue, as banks’ customers and the competition have accelerated the need to think that way: a model that...

Payments Innovation
In Payments, It’s Good To Be The King, Until There’s A Coup Around The Corner
June 28, 2021

“It’s good to be the King,” Mel Brooks said in his 1979 comedy classic “The History of The World, Part 1,” offering a concise statement of the simple reality that rank has its privileges, and generally the best privileges flow to the highest person in...

eCommerce
New OfferUp CEO Aims To Grow Commercial Side Of Local Commerce Platform
June 28, 2021

OfferUp, like a lot of businesses, started out as an attempt to solve the problem of its founder, Nick Huzar; namely a room full of stuff in his house that had to go because he had a baby on the way and needed both the...

Banking
Underbanked Consumers Primed To Move Beyond Basic DDAs
June 28, 2021

Have phone, will bank. At least that’s the theory given the right set of financial products and services. 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...

Digital Banking
Galileo CEO: The Bank Of The Future Will Feel As Different As Paper Maps Of...
June 28, 2021

As banks move from closed to open platforms, Galileo CEO Derek White tells PYMNTS those that want to survive — and thrive — will need to develop new products, services and mindsets that will keep them in the middle of consumers who are increasingly on...

Delivery
Russian Grocery Delivery Startup Eyes US Market, And Its Higher Costs
June 28, 2021

Russia’s busiest provider of instant grocery deliveries is planning to launch a U.S. service, beginning in August in New York, Bloomberg News reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
China’s Central Bank Cuts Some Fees Affecting Small Businesses
June 27, 2021

A group of Chinese regulatory bodies and the country’s central bank jointly announced Friday that effective Sept. 30 they will reduce fees totaling about $3.7 billion annually that particularly affect small businesses and micro-enterprises. Get the Full Story Complete the form to unlock this article...

B2B Payments
Deluxe Pairs With Microsoft To Provide SMB Management Tools
June 27, 2021

Deluxe announced its payroll, accounting and human resources offerings will be available to users of Microsoft’s Dynamics 365 Business Central business management suite. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...