News

Banking
Citigroup Predicts Better Credit Trends In 4Q
December 10, 2020

Citigroup Chief Financial Officer Mark Mason says the bank is more likely to report loan loss reserve releases than builds as of the fourth quarter, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
Airbnb IPO Tops Forecasts With $68 Share Price On $47 Billion
December 10, 2020

Airbnb‘s record-breaking initial public offering (IPO) pricing topped expectations, with a share price of $68 on a $47 billion valuation, the Wall Street Journal (WSJ) reported on Thursday (Dec. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payments Innovation
J.P. Morgan: Corporates Now Comfortable With Payments In The Fast Lane
December 10, 2020

At a time when pretty much everyone is longing for a return to normalcy and the way life used to be, at least one top banking technology leader says the pandemic has brought about so many positive changes in such a short period of time...

B2B Payments
Visa, Conferma Pay: Digital-First CFOs Demand Speed, Security – And Mobile
December 10, 2020

When the pandemic hit, disruptive changes in the workforce meant chief financial officers needed new corporate payment solutions — and they needed them fast. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Compliance And Innovation Make Profitable Bedfellows For Banks
December 10, 2020

As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy, president of payment technology and innovation firm i2c, said banks have been left behind and should focus on what they do best — compliance. Get the...

Payment Methods
Chargezoom, Payroc Debut Instant Credit Surcharge Feature For Merchants
December 09, 2020

Chargezoom, which works in managing customer payments on a single dashboard, has announced a new feature to let businesses instantly surcharge credit card transactions through an integration with Payroc‘s RewardPay, according to a press release. Get the Full Story Complete the form to unlock this...

Banking
BitPay Seeks US Bank License
December 09, 2020

BitPay, a cryptocurrency payments firm, has filed to become a national bank in the U.S., CoinDesk reported, citing a legal notice published Tuesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
XREX Aims To Stabilize X-Border Trade With MyXchange Rollout
December 09, 2020

Blockchain trade technology firm XREX has rolled out a cryptocurrency Exchange-as-a-Service (EaaS) technology called MyXchange. XREX serves international companies that have business in developing economies, according to Medium post from CEO and Co-founder Wayne Huang. Get the Full Story Complete the form to unlock this article...

International
UK Asks For Input On VAT Challenges Created By The Sharing Economy
December 09, 2020

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...