News

B2B Payments
FinTechs Embrace Collaboration For Corporate Card Solutions
December 02, 2020

On the path to payments innovation, collaboration is key. This week’s Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed...

Faster Payments
SWIFT gpi Instant Goes Live In The UK
December 02, 2020

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. 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...

B2B Payments
AR Innovations Lag AP Advances For B2B Payments
December 02, 2020

There’s an imbalance in B2B payments — between buyers and suppliers, and between automation on one side of the cash flow equation and manual, paper-based processes on the other. Mark Aquilina, senior vice president of product and strategy at WEX, told PYMNTS that’s partly because...

Security & Fraud
Mitek CEO: Digital Identity Must Accelerate During Pandemic
December 02, 2020

Since the earliest days of human existence, the concept of trust has presented unique interpersonal challenges that are as trying in the digitized world of the 21st century as they were for ancient civilizations. According to Mitek Systems CEO Max Carnecchia, 100 years of steady,...

Security & Fraud
Device ID Helps Fight Holiday Fraud Amid Record Online Shopping
December 02, 2020

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues. Mzukisi Rusi, vice president of customer success at device identity and...

Partnerships / Acquisitions
Lightspeed Buys Restaurant POS Upserve To Strengthen Hospitality Offering
December 01, 2020

Lightspeed, which provides omnichannel cloud-based platforms, has acquired restaurant management cloud software company Upserve, according to a press release. 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...

Payment Methods
CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of...
December 01, 2020

The U.S. Consumer Financial Protection Bureau issued an advisory opinion Monday (Nov. 30) that earned wage access (EWA) products do not represent extensions of credit under one of its key regulations. Earned wage, or on-demand, payroll access is used by many companies to give their...

eCommerce
Cyber Monday Rings Up $10.8 Billion In Record Sales
December 01, 2020

Cyber Monday consumers rang up $10.8 billion in sales for the holiday, smashing records for the biggest online shopping day ever, according to new data from Adobe Analytics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Swedish Startup Voi Scoots To $160 Million Funding For AltTransportation
December 01, 2020

Voi Technology, a Sweden-based eScooter startup, has raised $160 million as European companies vie for superiority in the new market for alternative transportation, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...