PYMNTS

MARCH 19, 2020

Square Financial Services will originate commercial loans to the retailers that use Square for payments. The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. The headquarters will be in Salt Lake City, Utah.

Banking 110

Banking Financial Systems Finance Sales 110

PYMNTS

DECEMBER 22, 2020

The State Bank of Pakistan (SBP) is looking at making corporate supply chains digital, a report from Pakistan Today stated, with an eye toward more financial inclusion. “It It is the overarching aim of the State Bank to ensure a safe and secure financial system," said SBP Deputy Governor Sima Kamil at a web conference, per the report.

Banking 86

Banking Invoicing Financial Systems Retail 86

PYMNTS

FEBRUARY 1, 2017

These are tough times to be tangible — as in brick-and-mortar, in retailing at least. The physical retailer is constrained by square footage, the hybrid retailer joining on an eCommerce platform less so, especially with the drop shipping. The upshot is that, through the drop-ship model, they do not need to hold more inventory.

Retail 44

Retail Manufacturing Benchmarking eCommerce 44

PYMNTS

DECEMBER 1, 2019

Lenders are hoping to stave off mobile competition by expanding retail banking. Regardless of the recession Nigeria experienced, the governor said that the country’s economy remained the largest in Africa by GDP.

Manufacturing 101

Manufacturing Banking Financial Systems Startups 101

PYMNTS

JANUARY 19, 2020

Democratic Senator Sherrod Brown, after a 2019 merger between BB&T and SunTrust, expressed his concerns that deregulation had “amplified the potential for the biggest banks to threaten our financial system. Moynihan believes doubling Bank of America’s retail business could happen without opening more branches. “If

Retail 45

Retail Banking Financial Systems Economics 45

PYMNTS

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Levchin, by his own description, has spent his career in financial services and founding companies — “some of which succeeded, some didn’t.” “Finance is pretty broken.”.

Retail 44

Retail Finance Risk Management Numbers 44

Simply Treasury

JULY 12, 2021

Paradoxically, "retail" developments are often faster and more intense than "corporate" developments, notably for reasons of security and integration into the IT systems of large companies. There has been an explosion of Fintechs serving retail and exceedingly small “SMEs” in the last decade. Number of fintech’s, but for whom?

Treasury 130

Treasury Cash Flow Forecasting Concentration Finance 130

CFO Talks

MARCH 4, 2025

Instead of setting a financial plan in stone for 12 months and hoping for the best, rolling forecasts allow businesses to update their budgets every few months based on real-time data. Example: A small clothing retailer originally budgeted for large bulk orders at the start of the year.

Budgeting 52

Budgeting Forecasting Invoicing Sales 52

PYMNTS

JANUARY 6, 2021

As he told Webster, in previous iterations, the RTP system SPEI operated only during certain hours of the day, but now is 24/7, and the focus has, in the past few years, been on payments that are smaller than 8,000 pesos — which puts the bank’s emphasis squarely on small value, high volume retail transactions.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

NOVEMBER 22, 2018

The reconsideration comes, according to the Times , as half of Sweden’s retailers have said they will stop accepting hard currency within the next few years. Regulators are now prodding banks to keep notes in circulation, as they mull what happens in various scenarios tied to the country’s digital eKrona currency.

Currencies 80

Currencies Financial Systems Banking Retail 80

PYMNTS

JANUARY 3, 2019

Overstock , the online retailer and blockchain company, announced Thursday (Jan. We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help usher in an era of trust through technology for our nation’s essential financial systems.”. company to pay state taxes in bitcoin.

Financial Systems 71

Financial Systems Retail Technology Planning 71

PYMNTS

JANUARY 20, 2020

The nod toward “overseeing the payments system” seems to give a wide berth to the idea that a CBDC could underpin a broad swathe of the Australian financial system, and would keep things closely held. The language is interesting — and noteworthy. What It Won’t Do. There are inherent risks, too.

Retail 40

Retail Currencies Banking Financial Systems 40

PYMNTS

SEPTEMBER 14, 2016

While omnichannel retail has existed in concept ever since the birth of the internet, the practice has only been gradually gaining steam for the last couple of years. And he’s talking to a lot of retailers. I just met with a retailer a month ago who told me: ‘We understand omnichannel, we get omnichannel and we do omnichannel.

Retail 77

Retail Construction Financial Systems Sales 77

Global Finance

OCTOBER 10, 2024

Bangladesh has suffered years of financial system dysfunctionality. Still, the full extent of the malfeasance of Hasina’s Awami League regime is set to emerge, as Mansur described the “designed robbery of the financial system” in a BBC interview given shortly after his appointment. It cut benchmark rates to a record 0.5%

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

Global Finance

OCTOBER 11, 2024

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

APRIL 5, 2019

Or do your views of marijuana retail still center around high school bathrooms, back alleys or sketchy dudes at heavy metal concerts? Pot retail is becoming much more akin to a Starbucks experience than tracking down that loser cousin of yours who knows a guy. financial system). financial system).

Retail 74

Retail Sales Financial Systems Banking 74

PYMNTS

MARCH 22, 2019

There are huge operational consequences for central banks in implementing monetary policy and implications for the stability of the financial system,” Carstens said. Central banks do not put a brake on innovations just for the sake of it. But neither should they speed ahead disregarding all traffic conditions.”.

Banking 69

Banking Currencies Financial Systems Retail 69

PYMNTS

DECEMBER 19, 2018

Since its inception as a credit card-reading company for small businesses, the operation has since expanded to offer other services, like digital money transfers and retail installment loans. The banking license would allow Square to forego the route of having to weave through other financial institutions for its customers’ financial needs.

Banking 66

Banking Financial Systems Finance Retail 66

PYMNTS

MARCH 18, 2019

The report also found 24 percent of consumers are “voluntary invisibles,” a group that would likely not take up the new product offering from Chase, given they have made a decision not to participate in financial systems. Chase on Monday (March 18) also released other plans related to low-income consumers.

Education 70

Education Data Analysis Financial Systems Banking 70

PYMNTS

FEBRUARY 11, 2020

The approval is part of the country’s decision to open its financial system, part of the “phase one” trade deal with the U.S. NEW DATA: Consumers Like Cashier-less Retail But Retailers Aren’t Hitting The Mark. Judge Throws Out Bid By Uber, Postmates To Halt Gig Worker Law.

Marketing 60

Marketing Financial Systems Retail Financial Data 60

PYMNTS

JULY 11, 2020

What We’re Watching, Documentaries: “The Ascent of Money” It’s one of those movies about the financial system that has readily available information, but is packaged in a compelling film narrated by British writer Niall Ferguson. He built it into a retail monolith with 200 stores in 30 countries across five continents.

Entertainment 68

Entertainment Financial Systems Banking Retail 68

PYMNTS

SEPTEMBER 2, 2019

The lack of system-wide financial crimes compliance (FCC) governance for some existing cryptocurrencies allows criminals space to operate and makes it difficult for the United States to isolate rogue service providers from the U.S. financial system.

Banking 49

Banking Compliance Financial Systems Retail 49

PYMNTS

APRIL 24, 2019

As part of the partnership, Wirecard will empower its retail agents, who act as service representatives across India, to enable those underserved by the financial system to access basic payment and banking services such as cash withdrawals, deposits and balance inquiries.

Banking 49

Banking Financial Systems Numbers Retail 49

PYMNTS

JANUARY 3, 2020

The paper , titled “Tiered CBDC and the Financial System” and bylined by Ulrich Bindseil, the ECB’s director general of market infrastructure and payments, notes that there are advantages and disadvantages to central bank digital currencies (CBDC), tied in part to retail payments.

Currencies 52

Currencies Banking Financial Systems Retail 52

PYMNTS

FEBRUARY 18, 2020

In a series of actions aimed at boosting liquidity (and, by extension, economic stability), China’s central bank has pumped money into the country’s financial system, which had been slowing markedly even before the pandemic. But as has been widely reported, Chinese consumers are already pulling back on retail spending. .

Economics 52

Economics Banking Retail Financial Systems 52

CFO Talks

JULY 4, 2024

Understand and Adapt to Customer Payment Preferences One of the critical roles of a modern CFO is to ensure that the company’s financial systems are aligned with customer preferences. Key Takeaway: CFOs should develop strategic plans for the integration of digital currencies into their financial systems.

CFO 52

CFO Strategic Planning Currencies Prioritization 52

PYMNTS

MARCH 18, 2020

As shops shuttered to curb the coronavirus’ spread, the HDE retail association of Germany asked for the government to provide tax relief and state aid as soon as possible to prevent companies from going out of business, Reuters reported. The coronavirus is spurring trade groups to ask for aid and governments to provide assistance for banks.

Banking 52

Banking Currencies Financial Systems eCommerce 52

PYMNTS

AUGUST 21, 2019

Finally, Flynn said, a “tight integration with the client’s financial system” will allow users to work with invoices, sales orders and supporting documents directly from their financial system screens. AP automation solutions help firms manage their financial systems in accordance with the law.

Accounts Payable 46

Accounts Payable Invoicing Financial Systems Compliance 46

PYMNTS

DECEMBER 4, 2019

Robinhood disrupted the brokerage industry by offering free stock trading, which caused major retail brokers to drop commission fees. “We We founded this company to break down barriers to our financial system,” the company said in a blog post. “As The all-stock transaction is valued at approximately $26 billion, CNBC reported.

Education 52

Education Currencies Financial Systems Startups 52

PYMNTS

JUNE 9, 2017

Government regulation is at the core of what helps shape the financial system in nearly every country, and the U.S. percent | Amount the Financial Select Sector SPDR Fund, which tracks the S&P 500 financial stocks, surged since the vote to overhaul Dodd-Frank. is no different. Here are the numbers: 1.4

Financial Systems 40

Financial Systems Leverage Retail Numbers 40

PYMNTS

DECEMBER 20, 2019

News came this week that the Basel Committee has said in a paper that a “prudential” regulatory framework should be constructed by stakeholders — banks included — in a bid to address concerns over risks to the financial system. And the risks are there, and are far-reaching, as the paper noted. Super Saturday: The U.S.

Restructuring 52

Restructuring Financial Systems Construction eCommerce 52

PYMNTS

JANUARY 7, 2020

The companies have signed a memorandum of understanding (MOU) to develop an “Open Banking network,” and expand access to financial services, with SBM Bank planning to offer a suite of banking solutions through PayNearby’s network of micro-enterprises and retailers via API integrations.

Banking 56

Banking Accounting Securities Financial Systems 56

Global Finance

OCTOBER 9, 2024

US Treasuries and stock index futures, for example, can be traded at any time from Monday to Friday; retail traders are increasingly using platforms like Robinhood for 24-hour weekday access to US stocks; and the New York Stock Exchange—for the first time ever—is expressing interest in a 24/7 bourse.

Mergers and Acquisitions (M&A) 100

Mergers and Acquisitions (M&A) Startups Treasury Banking 100

PYMNTS

JUNE 3, 2019

For “people without disposable income, there is no rationale for them to be included in traditional financial systems,” he added. One big example of that came in April via the launch of an exclusive partnership between Western Union and discount retail chain Dollar General.

Currencies 75

Currencies Financial Systems eCommerce Marketing 75

PYMNTS

DECEMBER 14, 2018

financial services sector as consumers embrace digital technology for the banking and retail industry. financial system could find several “digital payment trails” based on those transactions. And as more consumers use faster payments systems, these schemes will play greater roles in financial services.

Advertising 72

Advertising Securities Banking Financial Systems 72

PYMNTS

AUGUST 23, 2019

Traki customers will be able to use various cryptocurrencies as payment options for the retailer’s products. Traki has been one of the early adopters of cryptocurrencies in Venezuela, which highlights its commitment to improve the traditional financial system,” Zac Cheah, co-founder and CEO of Pundi X, said in a press release. “We

Compliance 49

Compliance Currencies Financial Systems Sales 49

PYMNTS

APRIL 30, 2018

And finding ways to enter the previously excluded mainstream financial system is becoming an imperative, particularly for Mastercard. The need for speed is seen in more places than just checkout: Faster payments are quickly becoming a core competency as gig work is gaining popularity. billion: Amazon’s Q1 2018 sales.

eCommerce 63

eCommerce Financial Systems Sales Numbers 63