April 16, 2024
Banks Report Lending Slows as Corporate Borrowers Pay Down Debt

The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and...

April 16, 2024
JPMorgan and Codat Team to Drive Virtual Card Adoption

Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data product. Announced Tuesday (April 16), it lets businesses...

April 16, 2024
Fleet Sector Travels From Closed-Loop to Future-Ready

Where an industry goes tomorrow is a step-function from where it is today. And this is particularly true within the fleet management ecosystem, where traditional payment methods like fuel cards...

April 15, 2024
Digital Wallets Can Transform B2B Payments — But Will They?

There is a growing disconnect between consumer-focused payment advances and commercial ones.  And while it’s not new news that business-to-business (B2B) payments often lack the intuitive, user-friendly interfaces that have...

April 15, 2024
Lloyds Bank Appoints Linda Weston as Head of Commercial Cards

Lloyds Bank Business & Commercial Banking has appointed Linda Weston to the newly created position of head of commercial cards, effective in June. Weston will join the bank with 25...

April 12, 2024
Citigroup Watches Spending; Sees Digital Engagement Rising

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed that branded card-related volumes were...

April 12, 2024
Wells Fargo Sees Brighter Days for US Consumer Spending

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post stellar earnings Friday (April 12) it did...

April 11, 2024
Verituity Taps Mastercard to Enable Near-Real-Time Payments for Banks

Verituity has teamed up with Mastercard to enable near-real-time payments for commercial banks and payers. This collaboration sees Verituity’s white-labeled payments platform integrating Mastercard’s portfolio of domestic and international money transfer solutions, Mastercard...

April 11, 2024
Sky-High Shift: Rising Air Cargo Demand Reshapes Supply Chain Dynamics

One if by land, two if by sea — headaches, that is. With the recent news that, after 22 years of partnership, UPS is replacing FedEx as the primary air...