Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul. Workers at the banking giant were expected to be informed of the layoffs Wednesday (Nov. 15), with new cuts announced each day through next week CNBC reported, citing sources with knowledge of the...
Although ad hoc payments make up just 24% of accounts payable (AP) volume, they hold significant importance in various industry operations. In fact, these irregular payments, executed outside regular invoicing and payroll processes, are integral to operational efficiency. But despite their importance, ad hoc payments...
Consumers are happiest when they don’t have to think about how a payment is made, just that it gets done. And they are willing to try new payment methods to get those results. PYMNTS Intelligence data shows that half of U.S. consumers tried using a...
Bank of America has debuted tools to help customers complete and finance online car purchases. Clients can now become prequalified for auto financing to find out how much they may be able to borrow and estimate their terms, with no impact to their credit scores, the...
Statrys, a financial platform for corporates and business owners, has introduced its SWIFT Payment Tracking feature to enhance global business transactions. This tool allows real-time tracking of cross-border payments, offering businesses speed, transparency and control in their financial operations, the company said in a Wednesday...
Mangopay, a payment infrastructure provider for marketplaces and platforms, has launched an end-to-end foreign exchange (FX) solution that aims to expand its cross-border capabilities and support clients’ global expansion. The FX solution offered by Mangopay provides platforms with a flexible and modular cross-border strategy, the company said...
Mobile eCommerce platform Wish says it has launched an in-house Logistics-as-a-Service (LaaS) product. WishPost Smart Parcel is designed to offer a “seamless and efficient shipping solution to non-Wish merchants,” the company said in a news release Wednesday (Nov. 15). The program leverages Wish’s logistics network across first-mile, international line...
The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans and required it to tie executive compensation to its compliance with federal consumer financial protection laws. The penalty comes after...
Borrowing from your neighbor can be more than just a casual exchange of items. It can also be a gateway to discovering and experiencing new brands. This practice not only fosters a sense of community but also presents an opportunity for individuals to explore...
