Accounts news and trends

How Half Of All Businesses Are Closing The Receivables Cash Flow Gap
B2B Payments // February 09, 2021

As business-to-business (B2B) firms are looking to digital transformation to drive efficiencies, manual accounts receivable (AR) processes are becoming a thing of the past. The pain points inherent in legacy solutions are becoming even more exasperated by the pandemic, making it apparent that manual AR...

Payments Company Owner Gets Jail Time For Debit Fraud
Security & Fraud // June 25, 2020

Gareth David Long, a 41-year-old Las Vegas resident, was sentenced to 70 months in prison for fraud for stealing money from victims’ accounts, the Department of Justice said in a press release. Long reportedly operated a third-party payment processing company, V Internet Corp, which worked...

Some Banks Seize Stimulus Money To Cover Customer Overdrafts
Banking // April 17, 2020

Some cash-strapped people are losing some or all of their coronavirus stimulus money because their bank accounts are overdrawn. “For weeks, we have pressed the Treasury Department to exercise its authority and ensure that Americans receive the full amount of their stimulus payments,” senators Elizabeth...

Mastercard, Nationwide Partner To Serve Britain’s Small Businesses 
SMBs // July 23, 2019

A banking service targeting Britain’s 5.6 million small businesses is being launched by a new Mastercard and Nationwide partnership.  Nationwide is gearing up for the introduction of its business accounts, while Mastercard is planning to roll out debit cards to customers early next year, the...

Quick Reads
MX Teams With MeridianLink for Real-Time Verification

September 01, 2022
Open finance firm MX and financial software platform MeridianLink announced a reseller agreement to speed up and enhance the digital account opening process. Under the agreement, MeridianLink Opening will integrate MX’s Instant Account Verification (IAV) product to enable its customers to instantly provide the information they need to verify and connect their external financial accounts, […]

Payments Company Owner Gets Jail Time For Debit Fraud

June 25, 2020
Gareth David Long, a 41-year-old Las Vegas resident, was sentenced to 70 months in prison for fraud for stealing money from victims’ accounts, the Department of Justice said in a...

Some Banks Seize Stimulus Money To Cover Customer Overdrafts

April 17, 2020
Some cash-strapped people are losing some or all of their coronavirus stimulus money because their bank accounts are overdrawn. “For weeks, we have pressed the Treasury Department to exercise its...

Mastercard, Nationwide Partner To Serve Britain’s Small Businesses 

July 23, 2019
A banking service targeting Britain’s 5.6 million small businesses is being launched by a new Mastercard and Nationwide partnership.  Nationwide is gearing up for the introduction of its business accounts,...