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...
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...
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...
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...
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...
Xoom, PayPal’s international money transfer service, has announced a partnership with TransNetwork, which allows its U.S. customers to send money to loved ones in Mexico and pick up orders at any OXXO location in the country. Xoom is the first online-only remittance player to partner...
British Airways announced that it was hit by a customer data breach on its website and mobile app, which affected around 380,000 card payments. The airline told CNBC that the breach took place from Aug. 21 to Sept. 5 and is now resolved. The hack...
For FIs, offering faster payments can be a game changer. However, enabling them isn’t always simple — FIs must choose whether to build a direct, expensive, labor-intensive connection to faster payment schemes or partner with, and become reliant on, a connected FI to gain access....
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...
