News

Retail
Why Flexibility’s The Ticket For Online Festival Booking Platforms
February 19, 2019

Digital platforms for music festival experiences often come as a means of providing information. The U.K.’s Festicket, for instance, was started with the aim of helping consumers learn more about events. “The main idea was initially around content,” Festicket CEO Zack Sabban told PYMNTS in...

Fintech Investments
In UK, FinTech Fundraising Gathers Steam
February 19, 2019

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
SMB Lender iwoca Raises $194M
February 19, 2019

U.K. alternative small business (SMB) lender iwoca announced on Monday (Feb. 18) a fundraise worth nearly $194 million. Reports in Business Leader said Augmentum Fintech led the Series D funding round, which was made up of equity and debt capital, while NIBC Bank and existing...

B2B Payments
Patriot Software Eases Direct Deposit Payroll Onboarding Friction
February 19, 2019

Payroll and accounting software company Patriot Software is addressing the friction of onboarding employees to receive wages via direct deposit. In an announcement on Monday (Feb. 18), Patriot Software said it is rolling out Patriot Direct Deposit, a way to streamline employee onboarding to direct deposit...

B2B Payments
Why Faster Payments Isn’t The Answer To Accounts Receivable Delays
February 19, 2019

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. Get the Full Story Complete the form to unlock this article...

B2B Payments
FSB Pressures UK To Nix Contracts To Late Payers
February 19, 2019

Small businesses combatting the practice of late invoice payments in the U.K. are proposing a new tactic in the fight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Japan’s Banking, Insurance Markets Link SMBs To US Trade Via Amazon
February 19, 2019

Members of Japan’s insurance and financial services sectors are teaming up in an effort to remove barriers for small businesses (SMBs) to conduct trade with the U.S. Reports in the Nikkei Asian Review on Monday (Feb. 18) said Hiroshima Bank is collaborating with Tokio Marine, Nichido...

B2B Payments
Fed Chairman Concerned Over Shrinking Bank Market
February 19, 2019

The U.S. banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder...

Payment Methods
FinTech-As-A-Service Eyes Global Payments Simplification Makeover
February 19, 2019

To streamline FinTech, and to help consumers and businesses transact in the ways they desire, firms must move beyond the silo approach. FinTech still exists as a fragmented market, where businesses striving to offer payment services to end users pick and choose among providers, integrate...