News

B2B Payments
Santander Launches Enterprise Payment Link
November 06, 2018

Santander Bank is rolling out a new corporate payments solution aimed at supporting visibility into business transactions via wire, ACH and check. The bank debuted its Santander Enterprise Payment Link (EPL) solution in a press release issued Monday (Nov. 5), a platform on which clients...

B2B Payments
Microsoft, Interswitch Introduce Blockchain Trade Finance In Nigeria
November 06, 2018

Microsoft is partnering with pan-African digital payments and commerce firm Interswitch Group to develop a blockchain-powered supply chain finance solution for small and medium-sized businesses (SMBs) in Nigeria. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
API Sandbox And Open Banking Collaboration Debut In UAE
November 06, 2018

Open banking and APIs make inroads into the United Arab Emirates, via sandbox. In Asia, FinTech and FI collaboration work via Temenos and SPD Bank to bring innovation labs to the region.

B2B Payments
Business Buying Habits Are Shifting, But It’s Not Necessarily All About Speed
November 06, 2018

Business buying habits are shifting, and while B2B eCommerce may be about speed and convenience when professionals want to purchase office supplies, the procurement process isn’t necessarily about a quick buy. Even as a younger generation attains more buying power in the enterprise, B2B procurement...

International
SWIFT Kicks Iranian Banks Off Messaging System Due To Sanctions
November 06, 2018

SWIFT, the messaging system that connects over 11,000 financial institutions as they transfer money around the globe, has ended its relationship with Iranian banks, succumbing to pressure from the Trump White House. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Lloyds To Cut And Add Jobs In Infrastructure Digitization Effort
November 06, 2018

Lloyds Banking Group is expected to announce plans this week to create 8,000 jobs as part of a £3 billion transformation and technology investment program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Facebook And Google Opt Into Berners-Lee Data Privacy ‘Contract’
November 06, 2018

Facebook and Google have signed up for new internet standards, which will require internet companies to respect data privacy and “support the best in humanity.” According to Financial Times, the standards were designed by World Wide Web Founder Tim Berners-Lee, who last week warned that...

B2B Payments
Why Real-Time Payments Need Real-Time Trust
November 06, 2018

It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once called the ether. Will the funds end up in the right bank account? Will fraudsters hitch a ride? Those and other questions can...

Regulation
TokenEx On PCI Scope Creep And Getting Into GDPR Gear
November 06, 2018

PCI compliance is vitally important for businesses that process credit cards. The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and...