China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. Gradually, however, and with a focus on expanding access to digital financial services, China has begun to open up its market to non-Chinese PSPs, with...
Small businesses’ late payment pains know no borders. This week’s B2B Data Digest uncovers the global cash flow threat of extended supplier payment terms, with the matter reaching from the U.S. to Australia and beyond. Recent Bloomberg reports, for instance, highlighted the ongoing impact of...
U.K. Small Business Commissioner Paul Uppal will step down from the position due to a conflict of interest, according to The Times. Reports said the government has terminated its employment of Uppal following concerns raised over his involvement in an ongoing bank redress scheme, an...
The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow, its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. Reception toward the initiative was not, however, universally positive. The U.S. House Committee on...
July 11, 2017
The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. It’s very deliberate. Of course, there’s a measure of inspiration thrown in, too, but a good idea without an application, […]
October 24, 2016
The U.K. has taken some of the most high-profile actions to combat late B2B payments, but it’s a global problem, as the latest research reveals. PYMNTS explores newly released data...
August 25, 2017
The U.S. Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives. The Fed first announced Dave Sapenaro as the successor to the role on Thursday (Aug. 24). As first vice president and chief operating officer of the Federal Reserve Bank of St. Louis, Sapenaro will take up the post previously […]
November 24, 2016
Developing markets are quickly increasing their rate at which paycards are accepted, according to the latest research by RBR. The company revealed its “Global Payment Cards Data and Forecasts to...
