News

B2B Payments
Societe Generale Debuts Instant Corporate Payments
September 24, 2019

French bank Societe Generale is rolling out pan-European instant payments for its corporate clients, and is deploying technology from FIS to support the launch, the companies said Monday (Sept. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
UK’s Nationwide Makes Open Banking FinTech Investments
September 24, 2019

U.K. financial institution Nationwide Building Society has made an investment in open banking FinTech BankiFi, the companies revealed in an announcement Monday (Sept. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Fundbox CEO: How To Fix The ‘Net Terms’ Economy
September 24, 2019

Allow us to be blunt: The B2B finance and invoice settlement system is broken. 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
MyPayrollHR Founder Faces $70M Fraud Charge
September 24, 2019

The CEO and founder of the New York payroll company MyPayrollHR was arrested and charged Monday (Sept. 23) in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling, The Wall Street Journal reported. Get the Full Story Complete...

IPO
Silicon Valley Investors Seek IPO Funding Substitute 
September 24, 2019

Investors and attorneys from Silicon Valley are pressing for an initial public offering (IPO) alternative to help new businesses raise funds, The Financial Times reported on Tuesday (Sept. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
For AML, Three ‘I’s: Innovation, Interoperability … And Identity
September 24, 2019

If the backbone of digital commerce is trust, here are a few vertebrae: innovation, interoperability and identity. Zac Cohen, general manager at Trulioo, tells Karen Webster that privacy and convenience need not be mutually exclusive when building trust.

Serving Mobile P2P Payments To The Gen X Crowd
September 24, 2019

Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks, for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with...

Investments
Zurich FinTech neon Closes $5M Round For Mobile Banking Expansion
September 23, 2019

Zurich-based FinTech company neon announced it has closed a $5 million fundraising round led by Tamedia. 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...

International
China To Send Gov’t. Reps To Private Firms To ‘Boost Local Manufacturing Industry’
September 23, 2019

China is set to assign government officials to work with 100 private companies, including eCommerce giant Alibaba, to “boost the local manufacturing industry,” according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...