News

B2B Payments
Late Supplier Payments Tied To Economic Ebbs And Flows
September 21, 2020

Despite economic volatility, not every business is struggling. 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 our daily newsletter, PYMNTS Today. By completing this form, you...

Security & Fraud
Report: FinCEN Files Reveal Billions In Suspicious Money Flows
September 21, 2020

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Taking AI Beyond Fraud Prevention And Into The Realm Of Smart Payments Routing
September 21, 2020

Merchants, quite logically, want to keep transaction conversion rates high. And consumers want to pay with their preferred methods, across cards or digital wallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Cape Debuts ‘Recession Fighting’ Credit Card
September 20, 2020

Cape, a new Australian FinTech made up of professionals in finance, is debuting its new “recession fighting” credit card, powered by open banking and intended to allow access to new functions like buy now, pay later (BNPL), according to a report from AltFi. Get the...

Partnerships / Acquisitions
FLEETCOR Buys AFEX To Boost Cross-Border Payments
September 20, 2020

FLEETCOR, which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. Get the Full Story Complete the form to unlock this article...

B2B Payments
ECS Fin To Test Apifiny’s Blockchain Program
September 20, 2020

ECS Fin, which works in transaction processing optimization, will launch a pilot program to test the integration of blockchain services of Apifiny‘s Roxe network to help companies save time and costs on B2B payments, according to a press release. Get the Full Story Complete the...

B2B Payments
Western Union Teams With Isabel Group To Offer Payments In Belgium
September 20, 2020

The business division of Western Union will work with Isabel Group, a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. Get the Full Story Complete the form to unlock this article and...

Banking
US Banks Keep Expectations Low Amid Tepid Interest Rates
September 20, 2020

U.S. banks aren’t fooling themselves — they’re likely in for a long stretch of low interest rates putting a burden on their profits, the Financial Times (FT) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Europe
EU Considers Tougher Rules On Big Tech Firms
September 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Get the Full Story Complete the form to unlock this article and enjoy...