News

B2B Payments
Peru Taps Vocalink In Payments System Overhaul
December 13, 2018

Real-time payments is a goal in Peru, as the automated clearing house there links with Vocalink. Retailers want real-time transactions, too, and SWIFT continues to broaden its gpi efforts aimed at catching messaging errors.

B2B Payments
Temenos Preps For Aussie Open Banking With Avoka Takeover
December 13, 2018

Bank technology firm Temenos has struck a deal to acquire banking services and on-boarding firm Avoka in one of the largest exits for an Australian FinTech, reports in the Australian Financial Review said Wednesday (Dec. 12). Get the Full Story Complete the form to unlock...

B2B Payments
Open Banking Adds Intelligence To Treasury Management
December 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. The problem can be traced back to data: as organizations scale, either...

B2B Payments
YayPay Raises VC For Machine Learning-Powered AR Automation
December 13, 2018

Accounts receivable automation firm YayPay has secured another round of venture capital funding, the company announced Wednesday (Dec. 12). 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...

B2B Payments
The Financial Opportunity In Supply Chains’ Rising FX Risks
December 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. Trade tensions between the U.S. and China, as well as Brexit, are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk...

Investments
SoftBank Backs Indonesia eCommerce Co
December 13, 2018

SoftBank’s Vision Fund teamed up with Alibaba to lead a $1.1 billion funding round for Indonesian eCommerce site Tokopedia, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Kroger Debuts Rx Membership Program
December 13, 2018

Kroger has launched the Rx Savings Club, which aims to significantly reduce the cost of prescription drugs for customers across the country. The program adds to the retailer’s Wellness Your Way platform, and was developed in partnership with GoodRx. Get the Full Story Complete the...

Ridesharing
Study: Lyft Growing 2x As Fast As Uber
December 13, 2018

A new report has found that Lyft is growing twice as fast as its chief rival Uber. While both companies grew their revenue since last year, according to Second Measure, Lyft’s grew 32 percent — two times faster than Uber. Get the Full Story Complete...

Banking
Germany Pushes For Commerzbank, Deutsche Merger
December 13, 2018

The German government is looking at a merger as a way to fix scandal-ridden Deutsche Bank. 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...