The head of the U.K.’s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent corporate accounting scandals and industry failures. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to...
Late payment ripple effects continue in the wake of the Carillion bankruptcy, and an accounting trade group has weighed in with its own proposals about how to address the controversy. Elsewhere, Tesla had a bump up in its receivables, which it says it has cleared up.
China Merchants Bank (CMB) announced that it has become the first bank in the country to issue blockchain electronic invoices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots...
Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Payroll technology firm ADP is strengthening its integration into Intuit‘s QuickBooks platform, the company said Thursday (Nov. 1). An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and...
Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. As such, data security has simultaneously emerged as a renewed focal point for...
Payments fraud on the high seas, perhaps, as a global shipper may have been involved with fake transactions and shell companies. Elsewhere, ransomware gets a roadblock and procard misuse goes to school, literally.
