Trillions of dollars in B2B payments flow across borders, winding their way across currencies, across time zones, and country-by-country rules and regulations. Along the way, pain points exist — and transparency is lacking — so that settlement times and the impact of FX are less...
First Republic Bank is reportedly considering asking the government to take over its operation. According to a Tuesday (April 25) Financial Times (FT) report, that’s one of the paths the struggling lender is pursuing following the revelation that customers had pulled $100 billion in deposits...
Banks are at a critical juncture in an era of increasing digital threats and a smartphone-centric culture. PYMNTS’ latest research shows that smartphones are already the go-to device for online financial activities for most consumers, particularly younger generations. Couple this shift with consumers’ desire for...
The conventional wisdom may have been that once consumers could get back into the physical world, payments behaviors would revert to pre-pandemic norms. That hasn’t been the case. In fact, we’ve seen an even greater embrace of digital and digital-first experiences that consumers want, whether...
First Republic Bank is reportedly looking to sell assets as it works on a turnaround plan. The bank is weighing the sale of long-dated mortgages and securities amounting to $50 billion to $100 billion, Bloomberg reported Tuesday (April 25), citing unnamed sources. Reached by PYMNTS,...
Silicon Valley Bank employees are reportedly getting back some money after a period of uncertainty. Money that had been withheld from employees’ paychecks to buy SVB Financial Group stock but had not been used to do so by the time the bank failed on March...
TreviPay and Mirakl have partnered to offer a centralized financing, invoicing and payment solution for marketplace businesses. The strategic partnership brings together TreviPay’s global B2B payments and invoicing network and Mirakl’s software-as-a-service (SaaS) solution that helps enterprises manage their marketplace and dropship business, the companies said in a...
Online grocery shoppers’ payment preferences differ considerably depending on their preferred device, PYMNTS research reveals. For “Quarterly Payments Report: Mobile Wallets Gain Ground,” a new study independently produced by PYMNTS, which looks at consumer experiences and sentiments surrounding how they pay for their grocery and...
Finaro and MultiPay have partnered to help merchants accept both in-store and online payments. The new partnership aims to offer an improved, unified payment acceptance solution for merchants in the Nordics and the United Kingdom, the companies said in a Tuesday (April 25) press release...
