News

Retail
Sam’s Club Offers Alcohol Delivery Via Instacart
June 25, 2019

Sam’s Club has announced that some of its shoppers using Instacart can now receive same-day alcohol delivery. The service is now available in more than 200 locations in select markets, with plans to expand to additional locations in the coming months. The delivery options allow...

Regulation
How Banks Can Compete With FinTechs Under PSD2
June 25, 2019

With Open Banking expanding across the EU, legacy FIs are increasingly at risk of losing customers to FinTech firms that now have access to previously siloed customer data. In the new PSD2 Tracker, Markos Zachariadis, associate professor of information systems and management at Warwick Business...

B2B Payments
The Logistics Of Paying Warehouses Electronically
June 25, 2019

Paper throws a wrench in accounts receivable processes for many companies. Logistics, however, often faces a few extra challenges when companies like warehouses and trucking firms accept payments. Those transactions often occur on the fly, placing the burden of real-time invoicing and payment on businesses...

B2B Payments
Community Bank Acquires SMB Digital Bank Seed
June 25, 2019

Community financial institution (FI) Cross River Bank is acquiring Seed, a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Top Conglomerates Enter A New Era Of Supply Chain Disruption
June 25, 2019

Supply chain volatility is a difficult nut to crack, due to a host of risks that can be (or at least appear to be) out of a company’s control. Natural disasters and sudden corporate collapses, for example, can cause disruptive (and destructive) ripple effects down...

B2B Payments
HSBC Invests In Serai Buyer-Supplier Platform
June 25, 2019

HSBC is investing in a Hong Kong-based company aimed at matching small manufacturers with component suppliers across the globe, according to KFGO reports on Sunday (June 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
US Bank, Inworks Partner On Hospital Payments
June 25, 2019

U.S. Bank has teamed up with accounts payable automation firm Inworks to streamline business-to-business payments within the healthcare sector. 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...

International
Huawei Ban Could Slow China’s 5G Progress
June 25, 2019

Despite its tensions with the United States, China still wants to show the world that it intends to become the first 5G superpower, with the government recently handing out commercial licences to its three telecoms carriers, as well as a cable television network. Get the...

Fintech Investments
Monzo’s Valuation Now At £2 Billion
June 25, 2019

Monzo, a London-based digital bank, has raised £113m in new funding as of this week, bringing the firm’s total valuation to £2 billion at the early outset of its expansion into the U.S.  The funding round was led by Y Combinator through its Continuity Fund....