News

Cross-border Payments
Deep Dive: Countering Involuntary Subscription Churn
December 06, 2019

Subscribers expect frictionless payment experiences, whether they are accessing videos, music or software as a service (SaaS). Some subscribers may eventually choose to abandon their subscriptions voluntarily, but a significant share could be blocked from access due to logistical issues like expired credit cards or...

B2B Payments
Trade Credit: When ‘Status Quo’ Means It’s Time For A Change
December 06, 2019

For Eyal Shinar, CEO of Fundbox, understanding the burden that cash-flow bottlenecks and delayed invoice payments have on B2B companies came through personal experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Xero Highlights South Africa’s Late Payments Surge
December 06, 2019

New analysis from small business (SMB) accounting platform Xero is calling attention to the late B2B payments epidemic in South Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Digital Banking
Chime Raises $500M On $5.8B Valuation
December 05, 2019

Silicon Valley-based Chime has raised $500 million in a Series E funding round that sent its valuation soaring to $5.8 billion, CNBC reported on Thursday (Dec. 5), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Delivery
Uber Eats Introduces Group Ordering
December 05, 2019

Uber has introduced a group ordering option, the company said in a blog post. 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...

Security & Fraud
From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
December 05, 2019

Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Chase, Workiz Add Same-Day Payouts For In-Field Workers
December 05, 2019

In-house payments processing solution provider Workiz is targeting the field worker arena with its newest solution, WorkizPay. 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...

Alternative Finances
India’s Rapid But Rocky Transition Into Digital Financial Services
December 05, 2019

While much of the world is profoundly different at the end of this decade than at the beginning, there are few places on the planet where that difference is more pronounced than in India — particularly when it comes to financial services. At the start...

B2B Payments
CULedger Debuts Credit Union Payments Exchange
December 05, 2019

Credit union service organization CULedger has debuted its financial exchange for credit unions using R3’s Corda blockchain technology, the firms said in a press release Thursday (Dec. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...