Community financial institution (FI) Cross River Bank is acquiring Seed, a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Supply chain volatility is a difficult nut to crack, due to a host of risks that can be (or at least appear to be) out of a company’s control. Natural disasters and sudden corporate collapses, for example, can cause disruptive (and destructive) ripple effects down...
HSBC is investing in a Hong Kong-based company aimed at matching small manufacturers with component suppliers across the globe, according to KFGO reports on Sunday (June 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.S. Bank has teamed up with accounts payable automation firm Inworks to streamline business-to-business payments within the healthcare sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Trade credit has been around for decades and is less than efficient, with $3.1 trillion tied up in outstanding invoices. To grease the wheels of commerce, Fundbox and OroCommerce are joining forces to provide B2B credit through the two-sided platform model. Jason Smith, vice president of business...
Payments messaging firm SWIFT will allow blockchain companies to connect into its global payments innovation (gpi) platform, SWIFT said in its latest report on the future of payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
New proposals on offer from Minister of Small Business Kelly Tolhurst in the U.K. may hit large firms in the pocketbook — via fines, if they pay smaller suppliers late. Separately, creative agencies are feeling the pinch of late payments, too.
In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always...
Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. Reports in Accounting Today last week said Financial Accounting...
