Новости за 19.10.2021

Globalization has created global citizens – people crossing borders and settling in new countries for school or work, or simply choosing to call a new place home. For individuals moving to the U.S., that flexibility comes with huge challenges when it involves simple tasks such as getting a credit card. “When we first started the […]

HSBC is rolling out a Banking as a Service (BaaS) platform that will “enable customers to create and provide business banking services through their own platforms,” with a little help from cloud ERP system Oracle NetSuite, according to a Tuesday (Oct. 19) announcement. HSBC and Oracle NetSuite’s combined solution will embed international payments and expense […]

Higher overhead for material, warehousing and freight could leave consumers with sparser supermarket shelves and higher prices for everyday household goods as supply chain and production issues continue to grip the world post-pandemic. Some of the world’s biggest companies, like Procter & Gamble (P&G), have been able to use their girth to fend off most […]

Credit card bill payment platform Cred has generated $251 million in a Series E funding round, according to a Tuesday (Oct. 19) report from Deal Street Asia. Co-led by Tiger Global Management and Falcon Edge Capital with participation from new investors Marshall Wace and Steadfast Venture Capital — along with current investors DST Global, Insight […]

The shift to remote working arrangements during the pandemic has complicated some operations for finance teams, especially in employee spending. Today, 31% of finance professionals say employees are submitting more expenses than before the pandemic; the same percentage, 31%, say they are finding more errors in their expense reports, and 78% say many employees are […]

Working capital FinTech PrimeRevenue, Inc. on Tuesday (Oct. 19) announced the debut of the PrimeRevenue SurePay platform to simplify B2B payment services and allow for early and on-time payments across the entire supply chain. The SurePay platform “ensures every supplier gets paid on time, every time by simplifying the B2B payments ecosystem,” according to the […]

The U.K.’s music streaming industry is now in the crosshairs of the Competition and Markets Authority (CMA) while a study is being conducted to determine the level of competitiveness in the sector. “The U.K. has a love affair with music and is home to many of the world’s most popular artists,”  CMA CEO Andrea Coscelli […]

With the major restaurant delivery services making plays for Instacart’s customers, Instacart is stepping up its efforts to meet grocers’ digital needs. The online grocery platform announced on Tuesday (Oct. 19) that it is acquiring Caper AI, a company that creates smart carts for checkout-free shopping and computer vision checkout counters for more frictionless self-service. […]

The card issuing platform Marqeta is powering cryptocurrency products for platforms that include Coinbase, Fold, Shakepay and Bakkt.  The Oakland, California, company said Tuesday (Oct. 19) the launch is in response to a rising interest in new cards for the crypto sector.  “Use of cryptocurrencies has grown considerably in the United States, with data from […]

Barclaycard Payments has expanded its relationship with SAP through an integration of the Barclaycard Smartpay gateway into SAP’s Upscale Commerce Platform. The company announced the expansion on Tuesday (Oct. 19), saying that it would also enhance the procure-to-pay services offered by SAP Ariba. “From today, any business signed up to SAP Upscale Commerce will be […]

Cloud communications company Vonage has purchased Jumper.ai, a Singapore-based omnichannel conversational commerce solutions provider, according to a Tuesday (Oct. 19) press release. Financial details of the transaction were not disclosed. As part of the acquisition, Jumper.ai's team will join Vonage's Product and Engineering group in an effort to harness Jumper.ai’s conversational commerce capabilities, according to the announcement. See […]

B2B payments-focused FinTech EedenBull and global payment services platform Diners Club International on Tuesday (Oct. 19) announced a strategic partnership to fill in some of the gaps they see in the space, according to a Financial IT report.  The agreement means EedenBull banks will have Diners Club International cards available for issuance for B2B customers […]

Danish digital bank Lunar announced Tuesday (Oct. 19) it has acquired payments platform Paylike for an undisclosed amount, according to a Fintech Futures report, in a move that will allow Lunar’s business customers to receive eCommerce payments directly.  Lunar also rolled out a one-step checkout offering in partnership with its Paylike acquisition to continue its […]

Making transportation and logistics cleaner, faster, safer and lower-cost is the goal of a $230 million early-stage venture capital fund that launched on Monday (Oct. 18). The final close of the fund was announced by early-stage venture capital firm UP.Partners. It is backed by some big-name investors, including Alaska Air Group, ARK Invest Founder and […]

“Forty percent of shoppers who are declined on their first visit won’t return, and one-third will end up seeking out the competition,” says Liron Damri, president and co-founder of Forter. In “The Way Payments Are Now Done,” Damri and 32 other industry executives share their insights on how consumer behaviors continue to change amid the […]

Intuit has announced the newest addition to its suite of QuickBooks offerings, Money By QuickBooks, which will help small- to medium-sized business (SMB) owners get more control over their money, according to a press release emailed to PYMNTS. The mobile application will let SMBs better manage money, accept payments and manage expenses, the release stated. […]

The pandemic altered the expectations of consumers around the world, and they now want faster, more on-demand services. To keep up with their increasingly digital needs, businesses were forced to quickly adopt a variety of payment options. Nearly 90% of companies anticipate they will be able to send and receive faster payments within the next […]

A company that manufactures the fiber-optic cable used to support telecommunications networks is the first enterprise to implement a newly available network that provides highly secure, near-real-time connectivity. Corning Incorporated added this completely dedicated private network and mobile edge computing infrastructure to one of its plants. Provided through a collaboration between Verizon Business and Amazon […]

The pandemic accelerated the already sizable trend toward a more remote workforce, and it appears that remote work’s ubiquity is not ending anytime soon. A staggering 97% of all U.S. office employees have worked from home at some point during the pandemic, according to a global study that also predicted the number of Americans working remotely to […]

Building out the digital connected economy has created a demand for new, end-to-end financial services infrastructure. As Ricardo Josua, CEO of FinTech Pismo, told Karen Webster, without that infrastructure in place — where banks and FinTechs have ubiquity across their networks and sidestep decades-old legacy plumbing — the connected economy will not reach its full […]

Delivery Hero is backing on-demand grocery delivery platform Gorillas with a $235 million investment for an 8 percent stake in the company, leading the startup’s Series C funding round. Niklas Östberg, Delivery Hero CEO and co-founder, said in a blog post on Tuesday (Oct. 19) that the investment in Gorillas aligns with its own strategy […]

Social media scraping and automated fraud attacks have deemed old-school single-layer defense systems ineffective. In this month’s Digital Fraud Tracker, Georgetown cybersecurity Prof. Chuck Brooks tells PYMNTS how a mix of drills, training and separated siloes are the best way to send phishermen home empty-handed.

Most consumers are reaching for their phones or laptops first when it comes time to conduct routine financial tasks. PYMNTS data shows 70% of United States consumers at larger financial institutions (FIs) report this is the case. More and more consumers are picking up their smartphones to interact with their banks, for that matter, with 41% […]

Almost every industry was affected by the pandemic, and many businesses that had already incorporated some form of digitization in their processes were still forced to significantly implement digital operational processes to service clients. For the “manually-intensive, paper-based” global trade finance industry, where trade transactions are accompanied by countless original paper forms that need to […]

As physical and digital shopping worlds collide, consumers are increasingly making decisions about whether to shop in-store or online based not on product availability but rather what their schedule allows and when they need an item. “Instead of running to the store … we are more willing to put our everyday purchases away from instant […]