A lawsuit filed this week by Gas Pos, a fuel station point-of-sale startup, is accusing fleet card company FLEETCOR of anticompetitive behavior and adding to the growing controversy over fees associated with processing and using fleet cards. Get the Full Story Complete the form to...
It is perhaps no surprise that the latest research on corporate cybersecurity is far from optimistic. In a time when experts highlight the increasing sophistication of cyberattacks, the growing financial and reputational losses as a result of data breaches, and the rising investments in cybersecurity...
Citi’s Treasury and Trade Solutions (TTS) is rolling out a new identity and account verification solution for corporate treasurer clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Know Your Customer (KYC) regulatory requirements are frequently cited as a top — if not the top — challenge for banks. However, for non-bank lenders, those compliance burdens can be just as high, and many players lack the back-office technologies necessary to manage the deluge of data...
Dubai is looking at digital wallet technology to ease the friction of paying government fees for both businesses and consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The U.K. government is considering reinstating its so-called “crown preference” policy in an effort to prioritize the collection of tax payments from insolvent small businesses. At a time when small business insolvencies are on the rise in the country, critics of the initiative say the...
U.S. food giant Kraft Heinz continues to address issues related to claims of procurement misconduct after the Securities and Exchange Commission (SEC) subpoenaed the company. An internal probe of the matter revealed evidence of employee misconduct, reports on Monday (May 6) said in Bloomberg. Get...
Ripple has added to its cross-border payments roster with a recent linkup with Ria Money, while also readying a refresh of its xCurrent, geared toward banks’ cross-border payments. In the meantime, SWIFT had some news of its own.
Rampant fraud in the global trade finance space is forcing the industry to go digital, according to Asia’s second-largest lender, OCBC. The Singapore bank’s Managing Director and Head of Global Commodities Finance Ng Chuey Peng told Bloomberg that “trade finance is due for a transformation,” reports said Monday...
