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Before Michael Krakaris co-founded an online fulfillment platform for eCommerce merchants, he learned firsthand how companies could reinvent messy spaces with software. One of his first jobs was working for a company that created an application programming interface (API) to help businesses send text messages to their customers. That business solved a major pain point, he says, as companies used to have to make deals with the wireless carriers themselves to have that capability.
Gaining operational independence and control through two leading cloud-based systems: Dear Inventory and Xero Accounting Business Type: Manufacturing Industry: Building Materials Size: 40+ employees, 2 locations Region: South Africa Integrations: Dear, Xero Customers Since: June 2018 Website: www.thetilehouse.co.za John Almon established The Tile House in 1988 - a hands-on family run business that sources and supplies high-quality tile products to the South African market.
Months of geopolitical spats that spanned Europe, the Middle East and the United States have seen payments infrastructure at the center of it all. This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks.
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
Starting a new business is never easy, and new apparel lines are particularly challenging. There are many, many retailers and brands trying to outfit the world, and standing out in the crowd is difficult. But even on the already pitched startup terrain, apparel startup Clandestina, based in Havana, Cuba, had some unique troubles all its own. The brand became the first to launch a website for U.S. sales last month — and it is spinning up to take on its first-ever Christmas season.
Visa and Billtrust today (Nov. 5) announced the launch of the Billtrust Business Payments Network (BPN), an open buyer/supplier payments platform that Billtrust CEO Flint Lane said will do what other B2B payment platforms have struggled to do: put paper checks on the path to extinction by streamlining and digitizing payments between businesses — and doing it at scale.
Visa and Billtrust today (Nov. 5) announced the launch of the Billtrust Business Payments Network (BPN), an open buyer/supplier payments platform that Billtrust CEO Flint Lane said will do what other B2B payment platforms have struggled to do: put paper checks on the path to extinction by streamlining and digitizing payments between businesses — and doing it at scale.
It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once called the ether. Will the funds end up in the right bank account? Will fraudsters hitch a ride? Those and other questions can vex people involved in the transaction — and keep them glued to paper-based payments until the questions can be answered to their satisfaction.
PayPal is broadening its small business financing offering into the German market, a press release announced on Wednesday (Nov. 7). PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts. The rollout of its SMB lending offering comes nearly 15 years after PayPal first launched operations in the market, and adds Germany to the list of markets in whi
B2B cryptocurrency payments company BitPay announced this week that Rolf Haag is joining the company to lead its business solutions unit. In a press release , BitPay said Haag will spearhead the company’s B2B and mass payments operations. He comes to BitPay after working for both Western Union as its former director of global mass payments, and PayPal as its former head of mass payment global disbursements.
Blockchain , the crypto wallet provider, plans to have an airdrop worth $125 million, Fortune reported. Through the cryptocurrency giveaway, each recipient would receive around the equivalent of around $25 in Stellar. The company said in a statement, “Accessible to anyone with a Blockchain Wallet, the first batch of recipients will receive their lumens, Stellar’s native digital currency, this week — for free.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Overstock may be best known as an eCommerce business, but these days its CEO and Founder Patrick Byrne is much more interested in talking about the power of cryptocurrency and blockchain, and how it will be the real future of both the firm and the economy in general. Suffice to say, Byrne remains one of blockchain’s bigger boosters. But things in the eCommerce business also showed signs of strength.
Top U.K. banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). The new guidelines, developed by the British Standards Institute (BSI), aim to address issues that interfere with FinTech firms and banks forming alliances. The U.K. banks that put them together includes the Royal Bank of Scotland (RBS), Barclays, HSBC UK, Lloyds Banking Group and Santander — as well as vendors l
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“May you live in interesting times,” runs an old proverb. For those companies navigating the waves of FX volatility — which means a whole lot of companies, large and small, across verticals — these are interesting times indeed. In an interview with Karen Webster of PYMNTS, Karl Schamotta, who serves as chief market strategist at Cambridge Global Payments, said we’re living in a new age.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
For retailers, the holiday season is both a busy and profitable time, but it’s also when cybercriminals seize the opportunity and target those increased retail revenues. In the latest Omni Security And Authentication Report , PYMNTS explored the different tactics cybercriminals are deploying this holiday season, and how retailers are working to safeguard themselves.
“Success consists of going from failure to failure without loss of enthusiasm,” said Winston Churchill. Might the sentiment extend to cryptocurrencies, but — parsing the quote a bit — replace “success” with “ruination?”. At this writing, bitcoin trades were at $6,352. That’s down precipitously from peaks of more than $19,800, but off lows of roughly $5,500.
Cashierless payments are set to increasingly be part of the convenience store checkout model. To that end, 7-Eleven said earlier this week that is debuting scan-and-go options at 14 of its Dallas-based stores, with the goal of bringing that technology to additional locations through 2019. The Scan & Pay feature exists within the convenience store operator’s eponymous mobile app.
With a new commerce deal for the soccer world, Ant Financial’s Alipay has partnered with Europe’s UEFA to bring its platform to events sanctioned by the organization’s men’s national team. Terms of the arrangement, which is said to have a duration of eight years, were not made public, CNBC reported. “I think the future of football as future in principle is in digitalization, and we are in Europe quite far behind concerning that, so we got a proper partner for that, and I
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Canada’s St. Francis Xavier University of Nova Scotia (StFX) had to temporarily shut down its entire network due to a crypto-jacking attack. “The malicious software attempted to utilize StFX’s collective computing power in order to create or discover bitcoin for monetary gain. At this time, there is no evidence that any personal information within our network was breached, however, ITS will continue to analyze and monitor for suspicious activity in the days and weeks ahead.
Square posted results Wednesday (November 7) that showed double-digit gains in gross payment volumes, continued traction amid a base of larger merchants, and notable growth in subscription and software-based revenues. The company’s third quarter adjusted revenues came in at $431 million, up 68 percent, and better than the $414 million consensus. Further adjusted revenues, said the firm, exclude Weebly and Zesty results, up 56 percent.
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American Express has struck a new partnership in its latest B2B payments push, announcing a collaboration with commercial payments firm WEX to support corporate use of virtual cards in accounts payable. In an announcement on Monday (Nov. 5), American Express said it will link its corporate customers using American Express business and corporate cards to WEX’s Synaptic accounts payable solution.
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