News

B2B Payments
MYOB Suffers Payroll Reporting Glitch
July 08, 2019

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients. Get the Full Story Complete the form to unlock this article...

B2B Payments
UK Reveals Late Payments Law Loophole
July 08, 2019

The U.K. is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments, while FinTechs and banks weigh in on the matter with their own efforts to tackle the issue. Some, like Xero and FreeAgent, have...

B2B Payments
How APIs Level The B2B eCommerce Playing Field
July 08, 2019

In B2B commerce’s pursuit of the “Amazon-like” experience, both buyers and vendors have quickly discovered that business-to-business cannot take the same path that the business-to-consumer market did. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Onyx CenterSource Partners With Sovos On eInvoicing Expansion
July 08, 2019

Onyx CenterSource, a global provider of B2B payments and business intelligence solutions to the hospitality industry, announced it has partnered with tax software provider Sovos to expand its Onyx’s InvoicePro eInvoicing capabilities. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
British Airways Fined £183M After 0.5M Users’ Data Is Compromised
July 08, 2019

The U.K. Information Commissioner’s Office (ICO) has fined British Airways over £183m for a data breach involving the theft of more than half a million users’ data, including login info, card information, names, addresses and booking information, according to a report by The Guardian. Get...

Banking
Can ‘Elective’ Fees Work For Retail Banks?
July 08, 2019

Most people like their banks, a built-in advantage for banks and credit unions as they fend off challenges from upstarts, and as more and more financial services get the mobile touch. Indeed, some 88 percent of consumers don’t see a reason to switch to other...

Digital Banking
InstaReM CEO: Why We Want A Digital Banking License
July 08, 2019

When Facebook’s Libra news broke like a tidal wave on the payments and commerce ecosystem a few weeks ago, there was no shortage of opinions about what it meant and whether or not it would take the world by storm. For Prajit Nanu, CEO at...

Investments
GM’s Self-Driving Co. To Get $2.25B From SoftBank
July 07, 2019

U.S. self-driving company Cruise revealed that a U.S. national security panel has approved a $2.25 billion investment by Japan’s SoftBank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Hackers Make Off With $500K From 7-Eleven Japan App
July 07, 2019

7-Eleven Japan had to suspend the mobile payments feature on its 7Pay app due to a security flaw that affected around 900 people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...