News

B2B Payments
US Corporate Debt Outpaces Economic Growth
January 11, 2019

The value of debt held by U.S. corporations is now growing faster than the economy, and businesses are struggling to make their interest payments, according to a new report from the Institute of International Finance (IIF). Get the Full Story Complete the form to unlock...

B2B Payments
Russia’s Electronic B2B Payments Expectations Go Beyond B2C
January 11, 2019

B2B payments always seems to be a step or two behind B2C payments innovation, on several fronts. It’s often struggling to make progress, weighed down by paper documents, slow payment times and a lack of digitization — and this has led many B2B payments innovators...

B2B Payments
AWS, Coupa Expand IT Spend Visibility For Corporates
January 11, 2019

Amazon Web Services (AWS) and spend management solutions provider Coupa are expanding their existing partnership to provide businesses with greater visibility into and management of IT spend, the firms said in a press release issued on Thursday (Jan. 10). Get the Full Story Complete the...

Security & Fraud
Warren Seeks Better Fraud Protection For Gov’t Prepaid Programs
January 11, 2019

Sen. Elizabeth Warren, D-Mass., has asked the Treasury Department to boost fraud protection in the Direct Express prepaid program after hundreds of federal benefits recipients were victims of fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Hospital Cyberattacker Receives 10-Year Prison Sentence
January 11, 2019

A Massachusetts man has been sentenced to more than 10 years in prison for a cyberattack that disrupted Boston Children’s Hospital‘s network for two weeks. Reuters reported that 34-year-old Martin Gottesfeld carried out the attack for hacking activist group Anonymous, which was protesting a custody case involving a...

Artificial Intelligence
Chinese AI Startup Prepares For $2B In Funding
January 11, 2019

SenseTime, the most valuable artificial intelligence (AI) startup in the world, is getting ready for a financing round that could amount to $2 billion, according to Bloomberg. The firm, which already has huge global investment partners like the Alibaba Group, is currently working with advisors...

Banking
KPMG On Technology Enabled Cash Management As Borders Blur
January 11, 2019

Cash management is both opportunity and challenge for banks as cross-border payments gain traction. Troy Hagey, strategy principal with KPMG, tells PYMNTS how technology can help banks bring an analytics-driven strategy to customers, break down intercompany silos and compete with FinTechs.

Retail
Can Click-And-Collect Innovate Pharmacy’s Last Mile?
January 11, 2019

The last mile of prescription refills remains a frustrating, friction-filled experience. Pharmacy apps make the act of refilling a breeze. Text prompts offer reminders that prescriptions are ready. At that point, the slick user experience quickly unravels. Get the Full Story Complete the form to...

International
Chile May Tax eCommerce Companies 19 Pct
January 10, 2019

Chile is considering a 19 percent tax on multinational eCommerce companies like Amazon, Netflix and Uber. 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...