News

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....

Regulation
Hearings Scheduled For BB&T, SunTrust Merger
June 25, 2019

The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
US-Based Huawei Unit Seeks Stand-Alone Operations
June 25, 2019

The U.S.-based research arm of China’s Huawei Technologies is working to separate its operations from its corporate parent because of the government blacklist. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Ford-Backed Argo AI Spends $15M On Autonomous Vehicle Research
June 25, 2019

Argo AI announced that it has pledged $15 million over five years to fund the Carnegie Mellon University (CMU) Argo AI Center for Autonomous Vehicle Research. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

eCommerce
Marketplaces’ Cross-Border Future
June 25, 2019

All the world’s a marketplace. 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 Today. By completing this form, you agree to receive...

B2B Payments
Fundbox And OroCommerce Team To Break The $3.1T Trade Credit Logjam
June 25, 2019

Trade credit has been around for decades and is less than efficient, with $3.1 trillion tied up in outstanding invoices. To grease the wheels of commerce, Fundbox and OroCommerce are joining forces to provide B2B credit through the two-sided platform model. Jason Smith, vice president of business...

Retail
Automated Retail’s ‘Fast And Frictionless’ Ambitions
June 25, 2019

Automation is critical in helping retailers offer a fast and frictionless commerce experience. John Clarke, chief innovation officer and co-founder at Worldnet Payments, explains how automated retail can have a positive ripple effect that runs counter to fears of the "rise of the robots," and may...