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“When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now. Until recently, “now” was almost never an option, since it was always based on when the funds had cleared, regardless of how that payment was made.
While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution. A solution, he told PYMNTS four years ago , that had nothing to do with financial services or lending at all — they were actually studying hiring and figuring out ways to track employability over time with data.
Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
The Intelligence of Things (IoT) has become a fixture of everyday life, with more than 14 billion connected devices expected to be in use by the end of 2019. However, as IoT continues to proliferate in more industries and use cases, concerns about data privacy have quickly followed, with consumers and lawmakers ra ising concerns about attacks from bad actors.
The race to 5G retail is on. The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases have been only slowly emerging as the technology and the devices to support it are deployed. Recent news out of Asia serves as solid foreshadowing of how 5G could enhance retail in the coming few years.
The race to 5G retail is on. The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases have been only slowly emerging as the technology and the devices to support it are deployed. Recent news out of Asia serves as solid foreshadowing of how 5G could enhance retail in the coming few years.
The International Monetary Fund ( IMF ) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”. The asset, “Learning Coin,” will be accessible only within the Washington-based multinational agencies. Since the coin has no monetary value, it’s not an actual cryptocurrency, according to The Financial Times. Instead, the coin will be used to study the technologies used for crypto assets, and how they can be utilized in the real world.
Ankur Mehrotra, managing director and head of financial services for Grab , still gets emotional when talking about the drivers and their dreams of owning cars. Not exactly in a tearful way, but one can hear something in his voice — some heartfelt tone — that signals how important it is that rideshare drivers have opportunities to own vehicles. Grab, as most know, is a financial services ecosystem that serves the 630 million citizens in Southeast Asia — and has expanded from ridesharing and foo
The Second Payment Services Directive (PSD2) is impacting the use of data for business and consumers around the globe, and the European eCommerce industry could be significantly affected by Strong Customer Authentication (SCA) noncompliance. In retail, merchants are increasingly turning their sights to resale commerce, and Livekick is bringing personal training to clients through its digital platform.
Amid cross-border payments efforts, Ripple has gained some traction in recent days. As reported on sites such as BitcoinExchangeGuide , Siam Commercial Bank is boosting its use of Ripple’s offerings, including xCurrent. Paul Arriyavat, chief strategy officer at Siam Commercial Bank, said, according to the site, “Banking penetration is so low. People use cash.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. Many customers have recently posted on social media that orders placed at the restaurant fraudulently used their payment cards during the first few weeks of April. “The privacy and security of our customer information is very important,” said Laurie Schalow, chief communications officer at Chipotle, according to Mobile Payments Today. R
Inspiration comes from anywhere and everywhere, and that goes for digital innovation in payments and commerce. Just ask Akli Adjaoute, CEO of Brighterion (a Mastercard company), who recently spoke with PYMNTS’ Karen Webster about the rise of smart agents, a form of artificial intelligence designed to bring more fraud prevention and customer service to financial institutions and other digital players.
Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. Announced Tuesday morning (April 16), the deal gives Mastercard a new role in the alternative financing space. “Vyze’s platform connects merchants with multiple lenders, allowing them to offer their customers a wide range of credit options online and in-store and ultimate
The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. Changes to the insurance code via the Pact Act now allow for life insurance contracts investing in specialized professional funds (SPFs) to include blockchain-backed assets. “With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CC
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare for the upcoming Strong Customer Authentication (SCA) rule and its fast-approaching September deadline. EU banks and merchants also face the changes to data security, transparency and privacy that the PSD2 and GDPR regulations have marshaled across the region.
U.K. bank TSB said it would refund its 5.2 million customers who were the victims of an online fraud scam. According to a report in the Financial Times , TSB is aiming to rebuild its reputation after a difficult year that saw an IT migration go wrong. It becomes the first U.K. bank to say it will cover customers from online fraud losses. Such fraud reportedly impacted one in four U.K. consumers last year.
The buyer-supplier relationship is viewed as a strategic component of commerce, procurement, supply chain management and the overall success of a business. Yet, the needs of both buyer and vendor are changing as supply chains globalize, and as transactions become more complex — and those needs are often at odds with each other, risking the integrity of buyer-supplier ties.
Uber filed its S-1 last Thursday (April 11), two weeks after Lyft went public. By close of business on Friday, Lyft’s stock was trading at $59.90 a share, 20 percent off its $75 high at the end of its first day of trading. Lyft’s market cap was a bit lighter by the end of the day Friday, too: $17 billion versus the $23 billion it enjoyed, albeit briefly, on its first day as a public company.
The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.
Corporations today receive payments through a variety of methods: They might take in funds through checks, traditional automated clearing house (ACH) or wire transfers. Some corporates may accept cash, credit cards or web payments. In other words, corporates have a mix of payments coming in through different channels. Real-time payments add another payment option, however, they come with real-time challenges.
Amazon has found a gold mine with its third party sales service. Because the company takes a percentage of each sale from its third party sellers, as well as additional logistics fees via the Fulfilled by Amazon service, the operations now amount to twice as much in revenue for Amazon as its own eCommerce services in which Amazon sources and sells products directly.
After much of Chicago burned to the ground in 1871, rebuilding the city involved various fundraising and restorative strategies. One famous effort took the form of donated books sent from common people (and royalty) in the U.K. to help build a new, free and public library in the capital of the Midwest – a gesture that can still make the city’s locals smile with awe and gratitude.
Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. Reuters, citing a Brunswick Group survey, reported two-fifths of people between the ages of 18 and 34 that are employed in the tech sector plan to leave the San Francisco area during the next twelve months.
79% of finance leaders we surveyed say they play a multifaceted role—ensuring financial stability, managing risk, and enabling transformation. In our 2025 Global Finance Leaders Survey, 751 global leaders shared their biggest challenges, top priorities, and outlook for the year ahead. Here’s what you’ll learn in the survey report: An in-depth look at different leadership approaches and what they mean for finance leaders Top challenges facing finance leaders, from data reliability to talent manag
To paraphrase a TV show that many are no doubt watching (or binge watching to catch up), replete with dragons, thrones and rather grisly games: The application program interface (API) is coming. The API seems to be on everybody’s lips, a catchphrase or buzzword for a sea change in banking that has the potential to upend the way we do business across any type of interaction.
Lyft is being sued by some investors who say the company exaggerated its market position during its IPO in March, which they say led to a shedding of stock value. Bloomberg reported there are two class-action lawsuits against the company, as well as against underwriters, officers and directors. The lawsuits were filed on Wednesday (April 17) in San Francisco.
Facebook’s payment service in the U.K. and France is being shut down after it failed to take off in the two countries. Finextra , citing a Facebook spokesman, reported the P2P payment service that worked through Messenger was launched in 2017. Facebook had been able to get all of the leading banks in the U.K. on board but the service didn’t resonate with consumers.
Mastercard has announced it is upgrading commercial cardholders’ back-office insights by providing companies with more data for Amazon Business transactions. “For many businesses, reconciling B2B transactions can be challenging due to lack of robust reporting tools,” the company said in a release. “Goods and services are sourced and shipped from a large number of suppliers, leaving business customers with a tremendous volume of expenses to process, and often little information for each tra
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
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