Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve‘s latest analysis...
The revelation that U.S. businesses, more often than not, pay their suppliers via paper check still draws quizzical reactions from professionals abroad. The corporate and financial services communities in the U.S. understand that paper checks are slow, expensive and risky, and yet they endure. The...
GoCardless is expanding into Australia in an effort to support direct debit B2B payments to suppliers, reports in IT Wire said on Monday (Aug. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Corporate travel platform Concur, owned by SAP, has integrated listings from home-sharing service Airbnb into its platform. 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...
Visa is expanding its presence with small businesses in Kenya through a new partnership with alternative lender Branch International, a mobile small business lender. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Alipay, a payment affiliate of Alibaba, has been hit with a $601,846 fine by the Shanghai head office for the People’s Bank of China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
New York’s City Council is set to approve a one-year cap on new licenses for ridesharing vehicles. According to Bloomberg, the move is part of a package of regulations aimed to reduce traffic and stop a decrease in drivers’ pay. The regulations are set to...
India Post Payments Bank (IPPB) is set to open a branch in every district on Aug. 21 to provide financial services in rural areas. IPPB, a subsidiary of India Post, launched last year with pilot services in Raipur and Ranchi. The financial institution (FI) is...
First Data SVP Glenn Fodor tells PYMNTS that the fundamentals of retail remain strong, but successful retailers know how to incorporate technology into their full retail experience. In some cases, that means giving the customer everything from fine dining to outdoor adventures as a way...
