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JPMorgan Chase is gearing up to take on the likes of Apple Pay, PayPal, and Stripe by boosting its market share in the global treasury services industry by a goal of 50 percent. The Financial Times , citing Takis Georgakopoulos, the head of JPMorgan’s new wholesale payments unit, reported the goal is to increase its market share during the next few years by increasing business with foreign multinationals as well as in the eCommerce market.
Brex has announced that it is partnering with Mastercard to issue the World Elite Mastercard for Business, offering an enhanced rewards structure and expanded suite of travel benefits. Started in 2017 by the founders of Brazilian payments processor Pagar.me , Brex’s investors include Y Combinator Continuity, Ribbit Capital, Greenoaks, DST Global, Peter Thiel and Max Levchin.
Jack Dorsey, billionaire tech founder and current CEO of Twitter, said he only owns bitcoin and that he supports the Lightning Network , a bitcoin network update that could make bitcoin payments speedier and less expensive, according to reports. Dorsey tweeted on Tuesday (Feb. 5): “I only have bitcoin.” Dorsey also founded payment company Square , which allows users to buy and sell bitcoin through the Cash app.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
This isn’t some cheap dose of “ Little House on the Prairie ” nostalgia, but rather a shot of truth: We are a long way from small-town doctors treating patients for decades and lifetimes — after treating their parents, and perhaps even grandparents as well. Not only that, but healthcare is infinitely more complicated than it was in the 19th-century Doc Baker days — thanks to scientific advances and the collection, analysis and use of sophisticated patient data.
One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often in plain sight), and use methods that often seem more mundane than dramatic — despite what Hollywood has trained us to believe over the last century or so. A demonstration of that truth came around again recently with the observance of the Chinese New Year in early February.
One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often in plain sight), and use methods that often seem more mundane than dramatic — despite what Hollywood has trained us to believe over the last century or so. A demonstration of that truth came around again recently with the observance of the Chinese New Year in early February.
Artificial intelligence has started — slowly — to make its presence felt in payments and commerce, including in fraud prevention, via early deployments of the technology and cutting-edge AI algorithms. And with those deployments comes increasing awareness of what AI can really do, how it can improve upon less sophisticated machine learning technology, and why it promises to play a vital role in the daily lives of consumers in the coming decades.
Time is up. That — according to CEO Kristian Gjerding of CellPoint Mobile and CEO Ralph Kaiser of Universal Air Travel Plan (UATP) — is the reality that airlines and other travel vertical players must wrap their minds around when it comes to thinking beyond card payments from leisure customers. Players can either get on board — and start leveling up their systems quickly — or risk watching their market share shrink fast.
American Express and Bill.com have announced a partnership to introduce an accounts payable solution to joint customers. In a press release on Tuesday (Feb. 5), the companies revealed the rollout of American Express Vendor Pay by Bill.com. The solution allows Bill.com users to pay suppliers via American Express Business or Corporate Card using virtual card technology, negating the need for companies to open a new card account.
In regulatory efforts tied to blockchain, the British dependency Isle of Man has debuted a hub focused on blockchain development. The advisory for the self-governing dependency has established the Blockchain Office, reported Cointelegraph , and has set up a sandbox that looks toward future regulatory frameworks. FinTech firms can join the sandbox beginning next month.
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
IBM is planning to invest over $2 billion to help establish an “AI Hardware Center” at the SUNY Polytechnic Institute campus in Albany, as well as boost its high-tech footprint throughout New York State. The Center will be set up for artificial intelligence-focused computer chip research, development, prototyping, testing and simulation, and help solidify the region as a global hub for research and development.
Mastercard has named Paul Stoddart its new president of New Payment Platforms. Stoddart, who begins his new position on March 1, will oversee the development and integration of the company’s real-time payments capabilities beyond card-based solutions, including Vocalink account-based payments, the Homesend joint venture and Mastercard Send. “Paul’s industry experience and deep immersion in the business makes him the ideal choice to drive the growth of our account-based payment activities,” Micha
September approaches, of course (as it always does) – but this time, with a red-letter day on the 13 th as PSD2 takes effect. As readers of these digital pages know, the European Union directive mandates that bank customers can use third-party providers for financial services. The latest PSD2 Tracker , via joint efforts of PYMNTS and Whitepages Pro, found that though PSD2 looms, confusion reigns amid enterprises about what the rules mean, much less how to follow them.
To keep revenues growing, tap new markets. To that end, a number of tech startups in China, eyeing a slowing economy at home, are raising money – and targeting operations – cross-border. Financial Times reports that the activity is centered among a “new breed” of startups – namely, firms that ply their respective trades abroad. Perhaps it’s a case of finding uncrowded opportunities, as China’s markets are dominated by tech juggernauts such as Alibaba and Tencent.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial itch for a while. In fact, he told Karen Webster, he registered well over 100 domain names in the years leading up to InstaReM’s founding — just in case he ever decided to fully pursue any of the ideas that occurred to him.
Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year. However, venture capitalists are urging caution on the tech startup community.
From fears that automation and technology will replace the need for human accountants, what has emerged instead is an understanding that technology is forcing the accounting and corporate finance professions to adjust to a new reality: technology can handle the manual number-crunching, leaving professionals to provide more valuable, strategic advisory services to their firms.
Real-time payment systems are quickly cropping up across the globe. Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 billion in 2018 to $26.9 billion by 2023 — a CAGR of 30.9 percent, according to a Markets and Markets Research report. .
Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.
Sizzle. Snap: Shares snap upward, up by 21 percent, in the wake of earnings that soundly beat projections. Daily average user count may have stanched losses, as the tally was flat, where observers had expected shrinkage. PayPal: Credit extended to consumers crosses the $50 billion mark, cumulatively, since offerings were launched roughly a decade ago.
The payments landscape in Europe is set to change later this year, with PSD2 joining GDPR in a kind of early 21 st -century digital balancing act. Meanwhile, airlines and other travel vertical players face fresh pressures on alternative payments , and new payday loan regulations are looming. Meanwhile, the luxury retail ecosystem could change via another online operation that offers relatively easy access to designer goods.
CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. 5) that it raised $58 million in venture funding. In a press release , the San Francisco startup that has sold more than 200,000 policies online said the Series D funding round was led by global insurer Hiscox and included participation from Chubb, Aflac Ventures, MS&AD of Japan.
Bank of America announced on Wednesday (Feb. 6) the launch of Business Advantage 360, a digital dashboard aimed at helping entrepreneurs manage their business finances. In a press release , Bank of America said the new dashboard is available to business banking customers, giving them a view of their cash flow. It also offers access to real-time advice in one tool with new functionality.
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
British financial institution Barclays has invested $12.9 million in Bink, a startup that lets customers store and view all their loyalty cards on a phone, and also links payment cards to get points and rewards automatically, according to reports. The two companies said they’re looking forward to the results of the partnership, and that they will “work in collaboration to deliver a ground-breaking experience for customers.”.
You know the story. Critics say that short-term, small-dollar loans push consumers into the hamster wheel of a never-ending debt cycle – one that turns a two-day bridge to cover a shortfall into a six-month mosh pit of fees that can become hard to dig out from under. “I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said.
Walmart India President and CEO Krish Iyer expects the eCommerce market in India to explode during the next decade. According to a report in Money Control citing Iyer, the executive expects the online retailing market to see growth of six times to reach 12 percent during the next decade. As it stands, eCommerce represents only 2 percent of the market.
Consumers have thousands of health and beauty brands to choose from, and that pool has only grown larger as the global economy expands. To keep up with the competition, merchants recognize the need to innovate both online and in their physical stores. What’s more, 61 percent of health and beauty merchants stated that “they would not survive” without innovation, according to the latest version of the Retail Innovation Readiness Index.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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