News

B2B Payments
In Payments Fraud, Impersonation Gets Personal
September 07, 2018

In the U.K., it’s well known that late payments bedevil firms – but what of payments fraud? Impersonation fraud, also known as business email compromise scams, is gaining traction in the region, hitting SMEs hard – half a million of them, as noted in a recent...

B2B Payments
Xero Braces For Bank Integrations With New API
September 07, 2018

Small business accounting software provider Xero is bracing for a slew of bank and FinTech integrations with the launch of its Open Banking API, according to reports in The Australian Financial Review on Thursday (Sept. 6). At its annual Xerocon event held this week, Xero...

B2B Payments
California Nears SMB Borrower Protection Rules
September 07, 2018

California continues its efforts to extend borrower protection rules to small businesses (SMBs), with new support for the initiative from SMB advocates and an approval from the state’s Assembly Appropriations Committee and the California Senate. Get the Full Story Complete the form to unlock this...

Flockgen: B2B Collaboration Vital To The Middle Market
September 07, 2018

It’s never been easier for B2B businesses to collaborate and connect. However, the ease of building a partnership network introduces a host of risks to which businesses are exposed when they don’t perform their due diligence. Get the Full Story Complete the form to unlock...

Investments
Nigeria’s Mobile Wallet Paga Snags $10M, Expands Cross-Border
September 07, 2018

Nigerian digital payments startup Paga has received $10 million in funding as it prepares to expand into other countries. CEO Tayo Oviosu announced at Disrupt San Francisco, according to reports, that the company is planning to release its payments product in Ethiopia, Mexico and the Philippines as it...

Self-Service Retail
Vending Machine Commerce Encourages Digital Payments Growth
September 06, 2018

Visit one of the places where time still crawls — New Orleans, for instance, inside a dive bar where the beer and tobacco odors have more years on them than the regulars — and you might see one: a glass, metal and plastic box squatting along...

Global Payments
Yoco Notches $16M In Series B Funding; Volopa Taps Onfido For AI Technology
September 06, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Yoco’s $16 million Series B funding round. In addition, China’s Beijing Inspiry Technology is deploying a mobile payments in Japan, and Volopa has chosen Onfido to help verify applicants’ identities when...

Investments
Money Transfer Co Monese Raises $60M For Global Expansion
September 06, 2018

Monese, the U.K. bank challenger, announced on Wednesday (Sept. 6) that it has secured $60 million in venture 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...

Retail
How J.Crew Is Dipping Into Amazon’s Waters
September 06, 2018

Big brands have a complicated relationship with Amazon: The eCommerce retailer serves both as a potential competitor and as a retail partner that could open up new sales channels. Among others, J.Crew has joined the likes of Nike and Party City to become the latest...