The would-be chief operating officer of healthcare workflow management startup OrbCare pointed to financial mishandling and lack of oversight behind the company’s financial troubles, which have led the firm to seek a buyer while it wavers at the point of bankruptcy, BetaKit reported Sunday (Sept....
France’s FairMoney, a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Australian FinTech 3Pay has launched operations, connecting businesses to an invoice financing solution designed to support cash flow and prevent small businesses from being placed on hold by their B2B suppliers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Checks. Spreadsheets. Mounds of paper. Opaque payments moving sluggishly across borders and between banks. There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the...
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Payroll and direct deposit fraud has gained ground, most recently spotlighted in continued developments tied to MyPayrollHR, which shuttered operations suddenly this past week and where millions of dollars have gone missing. Change a few codes, and funds get diverted to fraudsters’ bank accounts —...
The announcement of Mastercard Track expanding into B2B payments last week represented a significant push for B2B payments modernization by one of the industry’s giants — and followed Visa’s own push in the B2B payments modernization space through the rollout of Visa B2B Connect in...
Mukul Sachan, the co-founder and chief operating officer (COO) of India-based alternative small business lender Lendingkart, is stepping down from the post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Experts may agree that small business owners have more choice than ever before when it comes to adoption of FinTech — thanks in part to a surge in innovation, as well as lowered costs of adoption — but they also warn that just because entrepreneurs...
