News

Retail
FedEx Will Not Renew Amazon Ground Delivery Contract
August 07, 2019

After ending its express U.S. shipping contract, per an announcement earlier in the summer, FedEx now plans to conclude its ground-delivery contract with Amazon and will not renew it. Shares of Amazon and FedEx had declined during premarket trading by at least 1 percent, CNBC...

Security & Fraud
Is It Time To Retire Passwords For Digital Authentication?
August 07, 2019

Even if one tried, it would be hard to ignore the near-constant reports of data breaches. Based on the flurry of consumers scrambling to get their $125 settlement from Equifax, data security is an issue with far-reaching consequences. Get the Full Story Complete the form...

B2B Payments
Taking On SMB Banking Friction Without Reinventing The Wheel
August 07, 2019

The jury is still out on the future of opening banking in the U.S. Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and...

B2B Payments
Lithuania Suspends SatchelPay Operations
August 07, 2019

The Bank of Lithuania has suspended the majority of activities of payments company SatchelPay, reports said Tuesday, barring the Lithuanian company from issuing electronic money or providing part of its payment services. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Chinese Suppliers Forced To Accept IOUs
August 07, 2019

China’s economic slowdown and the increasing severity of its trade war with the U.S. has small businesses struggling to pay bills on time, The New York Times reported Tuesday (Aug. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Bottomline Launches Open Banking API
August 07, 2019

Business payments technology firm Bottomline Technologies has rolled out a suite of services for banks to elevate their customer engagement with corporate services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Hong Kong Eyes New Phase of Open API Project
August 07, 2019

The Hong Kong Monetary Authority is set to launch the second phase of its Open API project. Separately, digital banking in Europe eyes corporate clients, and cloud banking gets an FI adherent.  

B2B Payments
Pressure Mounts On Big Four Auditors
August 07, 2019

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according to ABC.net news reports this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Post-Takeover, SMB Bank Penta Secures Latest Funding
August 07, 2019

About two years since launching its small business bank account service, challenger bank Penta announced new funding. 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...