News

B2B Payments
Microsoft Forms Cloud Accounting Startup To Rival Xero
May 15, 2018

Microsoft is collaborating with Commonwealth Bank of Australia (CBA) and KPMG to form a new cloud accounting startup, Financial Review reported. 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
 Carillion Fallout – and Late Payments – Dominate UK Headlines
May 15, 2018

In the UK, late payments continue to be top of mind for smaller firms, while the ripple effects of Carillion’s failure are starting to turn into shockwaves. No easy task to get suppliers to pay on time, when up and down the supply chain pain...

B2B Payments
IT Departments Don’t Buy The RPA Hype
May 15, 2018

Robotics process automation (RPA) continues its permeation into corporate finance on the promise of more advanced, actionable analytics. With FinTech working to allay fears that RPA will replace human jobs, professionals are anticipating greater adoption of the technology by their employers: A survey from Pegasystems...

B2B Payments
Billtrust’s First Institutional Investor Sells Stake
May 15, 2018

Edison Partners, the first institutional investor in business payments firm Billtrust, has exited the company. A press release issued Monday (May 14) said Edison sold its stake in Billtrust to private equity firm W Capital Partners. Though financial terms of the deal were not disclosed, Edison...

B2B Payments
Corcentric President On B2B Payments Shift To Seamless
May 15, 2018

Over the past 20 years, B2B payments have slowly but surely become a target of FinTech innovation. Part of innovators’ motivation to target this industry is the fact that there are so many points in business-to-business transacting that have the potential for friction – from...

B2B Payments
Chrome River, Yatra Partner For India’s Growing T&E Market
May 15, 2018

Corporate expense management firm Chrome River is collaborating with India-based travel company Yatra, the companies announced on Monday (May 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
India Brings Charges In Punjab National Bank Fraud Case
May 15, 2018

The Central Bureau of Investigation (CBI), India’s main investigative agency in the country, has filed charges in the Punjab National Bank fraud case against Nirav Modi, the jewelry retail owner, and his uncle Mehul Choksi, as well as senior executives at the state-run lender. Get...

Investments
NEA To Sell A Large Number Of Investments In Startups
May 15, 2018

New Enterprise Associates, the Silicon Valley venture capital firm, is gearing up to sell a large number of its investments in startups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Ridesharing
Lyft Has 35 Percent Of US Rideshare Market
May 15, 2018

Lyft’s internal market share numbers shows that it now has 35 percent of the national ridesharing market, up from 20 percent 18 months ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...