News

B2B Payments
How AR-AP Connectivity Tightens The Buyer-Supplier Relationship
December 10, 2019

The convergence of accounts payable (AP) and accounts receivable (AR) continues as banks and FinTechs collaborate on new solutions that pull double-duty, tackling friction for both payers and payees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
The Fraud That 85 Percent Of Fraud Detection Systems Miss
December 10, 2019

The battle against fraudsters in the digital era has evolved into a never-ending arms race. The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. Unfortunately, the more the good...

International
Money Laundering Fears Propel Japanese Banks To JPMorgan’s Payments Network
December 10, 2019

Japan is looking to JPMorgan Chase & Co.’s blockchain-based information network for payments, Bloomberg reported on Monday (Dec. 9). 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...

Investments
SoftBank Parts Ways With Dog-Walking Startup Wag
December 10, 2019

SoftBank is giving up on the dog-walking startup Wag after investing $300 million two years ago, The Wall Street Journal (WSJ) reported on Monday (Dec. 9). Wag CEO Garrett Smallwood — who was hired just last month — told employees that the company was “amicably...

Investments
FlexPay Snags $6M To Help Merchants Reduce False Declines
December 09, 2019

FlexPay, a Montreal-based FinTech company that uses artificial intelligence (AI) and machine learning to aid merchants in recouping revenue lost from falsely declined transactions, has raised $6 million in a funding round, according to a release. Get the Full Story Complete the form to unlock...

Security & Fraud
Lawyer Convicted For Stealing $60M From Belgium’s Richest Family
December 09, 2019

A lawyer on Monday (Dec. 9) was convicted in Swiss court of laundering money and forgery for stealing shares from Belgium’s richest family, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Last Roar Of The Paper Tiger?
December 09, 2019

What if you heard that over 70 percent of decision-makers in your industry had begun settling accounts payable (AP) and accounts receivable (AR) invoices in some new, faster way? Crazy fast, compared to the old way. And it’s awesome, because you have the exact same...

B2B Payments
MRI Software Adds AP Capabilities For Real Estate Users
December 09, 2019

Real estate accounts payable (AP) solution provider Nexus is expanding its partnership with MRI Software to integrate supplier payment functionality within MRI’s real estate solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Global Payments
London’s Paysend Licensed To Operate In Canada
December 09, 2019

Paysend, a FinTech out of the U.K., has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...