News

B2B Payments
FinCEN: BEC Scams Tried to Siphon $9B Since 2016
August 05, 2019

BEC is gaining steam, accounting for billions of dollars in attempted (and successful) thefts across all manner of industries, FinCEN finds. Separately, in Lodi City, California, a BEC scam, and demand for bitcoin ransom, fizzled.

Banking
UK’s B-North To Launch SMB-Only Banks Next Year
August 05, 2019

B-North has announced plans to open a network of small-business-only bank offices throughout the U.K. by the end of next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
B2B Payments Startup ePayRails Secures Series A Funding
August 05, 2019

B2B payments startup ePayRails has announced new funding to focus on further technological development of its Payment Hub. 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...

B2B Payments
New Jobs Data Shows Continued SMB Hiring Squeeze
August 05, 2019

Small businesses appear to be pulled in two different directions. 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...

B2B Payments
InstaReM Launches Faster Singapore-China B2B Payments
August 05, 2019

Cross-border payments company InstaReM is expanding its InstaReM for SMEs solution into Singapore,  targeting cross-border trade and B2B payments between Singapore and China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cross-border Payments
HSBC Axes CEO Flint In Effort To Speed Growth
August 05, 2019

In fewer than 18 months, HSBC’s chief executive officer John Flint is out, The Financial Times reported on Monday (Aug. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Credible Labs Valued At $397M In Deal With Murdoch’s Fox
August 05, 2019

Rupert Murdoch-controlled Fox Corp is buying personal finance broker Credible Labs in a deal valued at $397 million, Reuters reported on Monday (Aug. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Visa: Business Payments Network Paves ‘Highway’ For B2B Payments
August 05, 2019

Paper dominates B2B processes, and manual labor, too.  The road to getting suppliers paid is not a straight one.  Visa's Taira Hall, vice president of U.S. Partnerships and New Initiatives, tells Karen Webster the BPN platform launched with Billtrust, newly joined by JPMorgan, speeds B2B...

Retail
Walmart’s Answer To Facebook’s Libra: The Walmart Coin
August 05, 2019

There are many ways to introduce an idea to the world. 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...