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Joust To Finance Freelancers’ Outstanding SXSW Invoices

PYMNTS

Joust, a banking app in Austin, has announced it will pay users on their unpaid SXSW invoices to help them deal with the cancellation of the huge yearly festival, according to a release. Joust is a banking app targeting freelancers and small businesses. We are devastated to share this news with you.

Invoicing 102
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The Invoice Lands In The Corporate Cyber Fraud Spotlight

PYMNTS

Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime. This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more.

Invoicing 101
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U.S. Bank: How Legacy Systems Impede Open Banking Adoption

PYMNTS

Studies have found that B2B invoices take an average of 37.4 Digitizing these payments has been a top priority for banks, payments processors and businesses for several years, but this digitization has its own fair share of obstacles like interfacing disparate banking software and ensuring fraudsters cannot intercept payments mid-transfer.

Banking 114
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Combatting The Two-Sided Headache Of Invoice Fraud

PYMNTS

Even with the digitization of the invoice, fraud remains a rampant problem, and it's not only the buy-side of the B2B equation faced with the consequences. Deepfake technology means criminals can masquerade their own voices to convince unwitting employees to approve an invoice for payment, for instance. It's just inefficient.".

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Dell Takes An API-Enabled Approach To Fixing Invoicing Pains

PYMNTS

Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. B2B payments automation can save companies valuable time and make it easy for employees working from home to process invoices and reconcile payments. About The Report.

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Revolut Adds Amex To Open Banking Feature

PYMNTS

the British financial technology company headquartered in London, has added American Express to its open banking platform. Before this addition, Revolut shoppers could access American Express balances and transactions only through Amex’s online banking service or app. Revolut Ltd., Now, Revolut’s retail customers in the U.K.

Banking 123
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FinTechs Expand Open Banking Opportunity For Banks

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New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

Banking 95