Pleo, a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard, and will now offer company credit cards instead of prepaid spending cards, according to AltFi. Pleo had previously offered the spending cards, and combined them...
Talk of “friction” in the payments industry is mostly about removing obstacles to consumer transactions, and how easily (or not) those payments get processed on the backend by merchants and banks. But there are other types of unwanted friction in finance. Get the Full Story...
New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases. Get the Full Story Complete the form...
As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest...
Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Get the Full Story Complete the form to unlock this...
Having an accounting background is no longer a must for a company’s chief financial officer (CFO), according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Neobank startup Joust is rolling out a new banking app to help freelancers and self-employed people manage their businesses, the company announced on Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis, to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article and...
With mounting pressure from small and medium-sized businesses (SMBs) as well as the media and politicians, U.K.-headquartered mining firm Rio Tinto is ditching its reverse factoring initiative, according to reports on Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article...
