In an increasingly online world, companies still relying on manual accounts payable (AP) and accounts receivable (AR) processes are struggling to keep up — in more ways than one. A PYMNTS survey found that fraud limited international growth for 36% of companies using reactive, manual detection methods,...
For the FinTech IPO Index, the rally fizzled quickly. After a surge into the first few weeks of the new year — notably, double-digit gains last week — the index slipped 0.6% through the past five sessions. Blame the macro data from this...
Never dismiss inspiration, planning, partners and a little luck when running a small business. That’s one takeaway from an engaging episode of PYMNTS SMB-TV featuring Stephanie Leshney and Tyler Leshney, president and “chief paternal officer,” respectively, of kid’s playtime bath products brand Dabble & Dollop. Joining the conversation hosted...
New PYMNTS data shows that businesses’ accounts receivable operations have been underfunded for fraud prevention. Compared to their accounts payable counterparts, the investment deficit has created a gap — and risk — that needs to be closed. This, according to findings in “The Overlooked Importance...
A hacker siphoned customer data from T-Mobile for more than a month. In that time, the bad actor obtained data about 37 million customers, the firm reported in a Thursday (Jan. 19) filing with the Securities and Exchange Commission (SEC). T-Mobile discovered Jan. 5 that...
Check cashing fees are getting a makeover in New York. New York’s Department of Financial Services said Wednesday (Jan. 18) that it is updating regulations and methodologies tied to check cashing fees — using a data-driven approach to do so. As announced by the agency...
KLYM is reportedly raising $27 million to expand its working capital offering in Latin America. The Colombian FinTech, which was formerly known as OmniLatam, plans to use the new capital to expand in Brazil, Chile and Colombia and to start up in Mexico, Bloomberg reported...
In a bid to simplify the checkout process, Marqeta said merchants can now let users make digital wallets payments without downloading another app. According to a Thursday (Jan. 19) press release from the global card issuing platform, the company’s new web push provisioning product removes...
Streaming platforms are embracing mobile payments in the Middle East and North Africa (MENA) region. Around the world, localizing payment methods is key for streaming platforms that don’t want to exclude potential customers. For example, Netflix has sought to broaden the range of alternative payment...
