The B2B venture capital boom continues this week with about $118 million in combined funding for a wide variety of FinTechs. Investors dug their heels into B2B trade, financing and payments solutions for small and medium-sized businesses (SMBs), ... ↦
Both businesses and consumers alike made moves to cut down on their expenses in 2020 as the pandemic continued to impact the global economy. Many businesses, for their part, began to seek out ways to reduce the costs and inefficiencies in manual ... ↦
The story of buy now, pay later (BNPL) platforms is told by the headlines. ↦
Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. In retail technology, Toshiba ... ↦
The order-to-cash (O2C) process is inherently complex. ↦
The pandemic has shone a light on some glaring inefficiencies in B2B payments. To that end, Deepak Gupta, global head of PaaS at Volante Technologies, told PYMNTS that the cloud – and payments as a service (PaaS) – can help banks serve the payme ... ↦
Even before the pandemic upended the ways we live and work, the workforce itself was shifting, marked by the rapid expansion of the gig economy. ↦
BigCommerce, an online tech company that provides Software-as-a-Service (SaaS), announced a partnership with Facebook, according to a press release. ↦
U.S. millennials were early adopters of person-to-person (P2P) payment apps, while Baby Boomers sought out financial institution-based P2P options and older consumers were slow to join in — until now. Fiserv‘s Vice President of Product Managemen ... ↦
The FinTech Stripe said it will “create the first self-serve unified payments platform for U.K. businesses” by adding the popular Bacs Direct Debit payments service — which includes digital wallets and card payments — to its ecosystem. ↦
MoneyGram has been doing well in May, illustrated by a triple-digit percentage increase in digital transactions. ↦
With a need for social distancing in the coronavirus era, businesses are seeking ways to restrict traffic through appointment-based systems for physical retail. GlobalData Managing Director and Retail Analyst Neil Saunders said in an NRF blog ... ↦
Customers of Big Lots now have the option for same-day delivery through Instacart, according to a press release. ↦
Nine out of 10 banks still rely on old-school mainframe systems for their core needs, a technological challenge that can result in legacy financial institutions (FIs) falling behind digital challengers. In our Digital Banks And The Power Of The ... ↦
PayPal’s great, but it’s far from the only option out there. ↦
To grow sustainably, acquiring new customers is not enough. For life-long value, you need a plan to keep customers coming back to you and increase customer retention rates. 5% increase in customer retention rate can lift 25%- 95% profits. ... ↦
Payment company PayPal is looking at small business credit as a new field of opportunity. ↦
Facebook’s Libra Association added a new member after a number of participatory companies left the organization in the past few months, according to a report by CNBC. ↦
If cash is king, we may be in the final days of its reign. According to a recent study, roughly half of American adults no longer worry about carrying cash as they increasingly reach for their smartphones instead of their wallets. ↦
Many of us assume that everyone has a bank account of some sort. But according to the latest report from World Bank Group, around 1.7 billion adults remain unbanked globally. That’s roughly one-fourth of the global population. ↦
Sixty years ago, the idea that a plastic card was the future of payments would have been perceived quite skeptically, but eventually it became a standard way to pay. ↦
Proposals in both chambers of Congress would limit the use of anonymous shell companies, impacting small businesses in the U.S. ↦
Apple Card, a new kind of credit card created by Apple, is being applauded by Mastercard for its enhanced security, simplicity, transparency and privacy, CNBC reported on Tuesday (Aug. 20). The new iPhone-integrated credit card has teamed with b ... ↦
Commercial card products can help companies kill the check, making transactions faster across borders. Boost Payment Solutions CEO Dean M. Leavitt tells Karen Webster that the key to getting companies on board with B2B payments done across card ... ↦
You may have noticed in recent years that the cash you have in your wallet, pocket or purse tends to last longer than it used to. Drew Edwards, CEO at Ingo Money, sure has — a situation he says was brought about by the increasing use of Uber ... ↦