News

B2B Payments
Considering The Surcharge Path To Commercial Card Adoption
January 20, 2020

Though adoption is on the rise, commercial cards still hold only a fraction of the corporate payments market — and an even smaller share of transaction volumes in accounts payable (AP). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Late Payments Cause Cash Flow Pain From UK To India
January 20, 2020

Among other strategies, the U.K. has enlisted a name-and-shame approach to late-paying corporates. Yet analysts agree that the late B2B payments problem continues to worsen. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fintech Investments
Swedish Open Banking Startup Tink Closes €90M Funding Deal
January 20, 2020

Sweden’s open banking platform Tink raised €90 million in an investment round co-led by Dawn Capital, HMI Capital and Insight Partners, Tink announced on Monday (Jan. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Artificial Intelligence
Google CEO Calls For AI Governance 
January 20, 2020

In a Sunday opinion column in The Financial Times (FT), Google and Alphabet chief executive officer (CEO) Sundar Pichai wrote about the importance of having government oversight regarding artificial technology (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
India’s Future Group Cuts eCommerce Venture, Lays Off About 400
January 20, 2020

Future Group, the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 and laid off 350-400 workers, Livemint reported Sunday (Jan. 19), citing four sources who were former employees. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
UK Regulators’ Data Violations Fines Top $126.5M 
January 20, 2020

Regulators in the U.K. have levied €114 million ($126 million) in fines for data violations since instituting new stronger privacy mandates in mid-2018, The Financial Times reported on Sunday (Jan. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
How ‘Contact Us’ And The Kardashians Ignited Afterpay In The US
January 20, 2020

Never underestimate the value of the “Contact Us” form that every merchant and service provider places somewhere on its website — because no one knows who is going to end up on the other side of it. Get the Full Story Complete the form to...

Retail
Fiserv: What The 2019 Holiday Shopping Data Says About 2020 Spend
January 20, 2020

’Tis the season for … looking back at 2019 holiday sales trends, and figuring out what they mean for payments and commerce so far. Based on the incoming data, it seems that Amazon might not be the traffic driver some retailers expect, that the consumer...

Bitcoin
Bitcoin Daily: OK Bill Would Create Blockchain Body; Central Asia Steps Up Crypto Mining; Crypto,...
January 20, 2020

Senator Nathan Dahm (R-OK) is sponsoring a bill that would establish a new state-chartered financial institution (FI) centered around blockchain technology, Cointelegraph reported on Saturday (Jan. 18). The new FI would be “the central depository for virtual currency used by governmental agencies in this state,”...