News

Retail
Apple To Challenge Huawei With Lower-Cost iPhone
September 04, 2019

To retake ground lost in China to Huawei and competitors, as well as to win emerging market shoppers, Apple will reportedly roll out a lower-cost iPhone model next spring. The new device would be the company’s first low-cost smartphone since the iPhone SE’s launch in...

Retail
How Online Sales Tax Impacts Different eCommerce Models
September 04, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. Get the Full Story Complete...

B2B Payments
The Cash Flow Connection To Accounts Receivable
September 04, 2019

Late payments have caught the attention of regulators around the world, and of FinTechs exploring ways to accelerate cash flow for B2B companies struggling to make a profit when invoices are left unpaid. But even as FinTechs introduce solutions — from early payment discount programs...

B2B Payments
B2B Pay Pursues Status As Regulated Bank
September 04, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Hong Kong Relaxes Rules In Effort To Boost FinTech Lending
September 04, 2019

In efforts to boost FinTech and collaborative efforts across Open Banking and application programming interfaces (APIs), the Hong Kong Monetary Authority is loosening rules governing lending activities aided by tech (and Big Data). Elsewhere, new serverless infrastructure in Australia, Cashwerkz seeks to streamline enterprise and...

B2B Payments
Banks Flock To Trade Finance FinTechs
September 04, 2019

The Asian Development Bank’s striking statistic — a $1.5 trillion gap in global trade finance — continues to be used as a driver of FinTech innovation as technology startups look for ways to address friction in global trade financing. That could mean digitizing documents, integrating...

B2B Payments
UK Treasury On The Defensive Over Bank Referral Scheme
September 04, 2019

The U.K. government’s bank referral scheme, designed to connect small businesses that were rejected for a traditional bank loan to alternative lenders, has faced its latest round of criticism as new figures reveal low adoption of the program. Get the Full Story Complete the form...

B2B Payments
Kabbage Acquires SMB Data Analytics Firm Radius
September 04, 2019

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. 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,...

B2B Payments
Challenger Lender B-North Taps Mambu, nCino For Launch
September 04, 2019

U.K. challenger bank B-North has tapped two FinTechs to power its small business lending and banking operations. 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...