News

B2B Payments
Young B2B FinTechs Secure Their Seed Rounds
January 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week’s B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that...

Faster Payments
Westlake Financial Securely Raises The Speed Limit For Auto Financing Disbursements
January 22, 2021

Car buyers want instant access to auto loan disbursements, but there are risks to offering real-time speeds, says Raul Alvarez, director of accounting operations at auto financing provider Westlake Financial. In the Real-Time Payments Tracker, Alvarez explains how pre-transaction verification and artificial intelligence (AI)-powered analysis...

B2B Payments
Healthcare’s Back Office Catches Up To The Industry’s Digitization Push
January 22, 2021

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. Adding to the headache is the sector’s typical burden of a high volume of transactions that flow via legacy and paper-based processes. Get...

B2B Payments
J.P. Morgan: Tech Uncovers New Liquidity Management Opportunities
January 22, 2021

While the corporate treasurer’s fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. In pursuit of instant cash management and visibility, treasurers’ modernization efforts have been underway for some time, with...

Artificial Intelligence
Model Behavior: Banks See AI As A Customer Experience Tool
January 22, 2021

Given the roller coaster ride consumer finances have been on for the last 10 months, managing risk has become critical for financial institutions (FIs), both in terms of rising fraud counts and in terms of rising consumer delinquencies. Get the Full Story Complete the form...

Retail
Saks Fifth Avenue CEO Lauds Holiday Luxury Buying Binge
January 21, 2021

Saks Fifth Avenue CEO Marc Metrick said luxury retail could be called “comfort food” for those mired in pandemic-related stress, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Payment Methods
BoE Shows Sharp Post-Holiday Decline In UK Card Spending
January 21, 2021

New data from the U.K. Office for National Statistics and the Bank of England show that debit and credit card purchases in the country have fallen 35 percent from what they were prior to the pandemic, according to a press release. Get the Full Story...

International
Free Crypto: Shenzhen Plans Third Digital Yuan Pilot, Giving Away $3 Million
January 21, 2021

Shenzhen will be continuing China’s digital yuan pilot program by issuing the digital currency to citizens, according to a report from XinhuaNet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bitcoin
Bitcoin Daily: Russia’s Sberbank To Launch Stablecoin This Year; Pornhub Expands Crypto Payment Options
January 21, 2021

Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...