commercial payments

This Week in AI: Regulatory Ramp Up and Industry Innovations 
This Week in AI: Regulatory Ramp Up and Industry Innovations 
November 03, 2023  |  artificial intelligence

Another week, another explosion of news generated by generative artificial intelligence (AI). Technological innovations form the core of cultural transformations that have immediate and startling...

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Maersk Cuts Another 3,500 Jobs Amid Shipping Industry’s ‘New Normal’
Maersk Cuts Another 3,500 Jobs Amid Shipping Industry’s ‘New Normal’
November 03, 2023  |  Shipping

Maersk is eliminating another 3,500 positions after having reduced its headcount by 6,500 throughout the year. The Copenhagen-based shipping company announced this move while reporting its...

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Cost Deters Nearly Half of Larger SMBs From Using Corporate Credit Cards
Cost Deters Nearly Half of Larger SMBs From Using Corporate Credit Cards
November 02, 2023  |  SMBs

Access to credit is a significant challenge for many small and midsized businesses (SMBs), leaving them vulnerable to closure. According to recent data, only 47%...

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Supply Chain Tech Startups Seek Alternatives as VC Funding Slows
Supply Chain Tech Startups Seek Alternatives as VC Funding Slows
November 02, 2023  |  Startups

Supply chain technology startups are reportedly facing a challenging environment as venture capital (VC) firms reduce funding for these companies. The decline in investor support,...

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Meridian Leasing Launches Range of Flexible Equipment Financing Options
Meridian Leasing Launches Range of Flexible Equipment Financing Options
November 02, 2023  |  Loans

Meridian Leasing has added a new range of services to its offerings in the equipment financing industry. The new TrueFlex Finance line aims to provide complete flexibility to...

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Report: Flexport Works to Rebuild Customer Trust After Complaints
Report: Flexport Works to Rebuild Customer Trust After Complaints
November 02, 2023  |  Shipping

Flexport, a San Francisco-based shipping startup, is reportedly facing skepticism from important customers and a drop in revenue. This follows complaints about issues like canceled...

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Switzerland’s Central Bank Plans December CBDC Pilot
Switzerland’s Central Bank Plans December CBDC Pilot
November 02, 2023  |  CBDC

The Swiss National Bank (SNB) is set to begin piloting a wholesale digital franc next month. The bank, along with six other lenders from Switzerland, Germany and...

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Flexibility Helps Evolve B2B Relationships as Firms Tap Digital Innovations
Flexibility Helps Evolve B2B Relationships as Firms Tap Digital Innovations
November 02, 2023  |  Commercial Payments

In challenging times, commercial firms need to get creative about the way they do business. Luckily for business-to-business (B2B) players large and small, creativity often...

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Visa Completes Pilot Test of CBDC in Hong Kong
Visa Completes Pilot Test of CBDC in Hong Kong
November 02, 2023  |  CBDC

Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs)....

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