Discover pursues ESG goals
Payments Dive
MAY 12, 2023
The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.
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Payments Dive
MAY 12, 2023
The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.
South State Correspondent
APRIL 4, 2024
Cyclical economic changes are driven by business cycles. Cyclical changes and their impact on the economy dominate the news and the attention of corporate boardrooms because they are immediate and need to be addressed in real-time. The Federal debt is already impacting banking.
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Accenture
JUNE 17, 2020
At present, the lack of disclosure of environmental, social and governance (ESG) data by many corporations creates asymmetric information. Despite the immense value at stake, 40 percent of businesses fail to capture or report the financial….
PYMNTS
SEPTEMBER 9, 2020
The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. For businesses that make purchases on Amazon, Mastercard has struck a collaboration to streamline the expense management and reconciliation process.
PYMNTS
DECEMBER 20, 2020
The Bounce Back loan program the British government launched in May to spur England's economic recovery from COVID-19 has been beset with fraud and poor-quality loans that could cost taxpayers as much as $35 billion, the Financial Times reported.
PYMNTS
NOVEMBER 30, 2020
Today in B2B payments, Visa teams up with Razorpay to debut a small business commercial card solution, while Nets is working with Yoba Smart Money to develop small business payment tools. Plus, Australia mulls mandatory eInvoicing, and Emirates NBD launches an omnichannel corporate banking offering.
PYMNTS
DECEMBER 29, 2020
Avalara , a tax compliance software firm with a focus on the business sector, said on Tuesday (Dec. Avalara’s acquisition of INPOSIA Solutions is expected to enhance its offerings, with the German software company focused on “e-invoicing, digital tax reporting, and business and data integration,” the companies said.
PYMNTS
NOVEMBER 30, 2020
In Australia, the government could be looking at mandatory eInvoicing for companies, according to a report by Accountants Daily. The effort would be phased in and start first with the biggest businesses, the report says. The effort would be phased in and start first with the biggest businesses, the report says.
PYMNTS
DECEMBER 26, 2019
Corporates across China have reached a new record high for loan defaults in 2019, according to the Financial Times reports Thursday (Dec. Corporate defaults spiked up to about $18.6 billion this year, up from $17.44 billion last year, new data from Bloomberg found. dollar bonds hit $2.9 ”
PYMNTS
SEPTEMBER 14, 2020
Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. 11), Deloitte revealed it had set up an audit governance board to help to eventually separate the audit division from the rest of the company.
PYMNTS
NOVEMBER 18, 2020
In the fourth quarter, the two companies aim to work with "business and corporate cards, travel cards, fleet cards and procurement cards, among other corporate payment solutions" to aid businesses of varying sizes and sectors to move cashless payments.
PYMNTS
MAY 22, 2020
The government of Dubai is planning to create an $870 million free trade zone for eCommerce named Dubai CommerCity (DCC). million-square-foot project will be split into three regions — business, logistics, and social, according to a report in the Global Construction Review. The proposed 2.1
PYMNTS
APRIL 27, 2020
The stimulus checks are part of the trillions of dollars that the federal government is spending to keep the economy from collapsing as millions of people are laid off due to the COVID-19 pandemic. But despite such ongoing questions, experts say the PPP is essential to keeping small businesses afloat amid the economic mayhem.
PYMNTS
DECEMBER 22, 2020
Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. The government plans to spend 4.75 The government put aside $3 billion to finance the bonuses for the next fiscal year.
PYMNTS
DECEMBER 26, 2019
Corporates across China have reached a record high for loan defaults in 2019, according to a Financial Times report from Thursday (Dec. Corporate defaults spiked to about $18.6 According to reports, the surge in corporate defaults can be largely attributed to a borrowing spree among private Chinese corporations in recent years.
PYMNTS
JANUARY 20, 2020
has enlisted a name-and-shame approach to late-paying corporates. publication The Times , small to medium-sized businesses (SMBs) face an extra hurdle when chasing down late payments: collection efforts can damage the buyer-supplier relationship. “You Among other strategies, the U.K. According to recent reports by U.K.
PYMNTS
JANUARY 8, 2021
The launch of the company’s payment functions will address ongoing corporate payment processing hurdles with process automation software and payment services that harness artificial intelligence (AI) and advanced machine learning (ML), according to an announcement. That scheme has helped around 1.4
PYMNTS
NOVEMBER 23, 2020
Before the pandemic, late B2B payments put a cash flow crunch on countless small and medium-sized businesses around the world. Now, amid the coronavirus crisis, many of those SMBs are getting hit even harder as supply chain disruptions, sluggish business and shutdowns have created a ripple effect of delayed invoice payments.
Abrigo
JANUARY 3, 2024
Takeaway 3 Business customers and members need help understanding the changes tied to ownership reporting. The latest final rule on beneficial ownership information (BOI) reporting gives financial institutions and their business clients more details about what’s required. Financial institutions can play a role in educating them.
PYMNTS
DECEMBER 14, 2020
Delayed and late B2B payments are a global issue, but this week's B2B Data Digest shines a spotlight on two markets that are elevating the fight against late invoice payments to small businesses. 10-day payment terms will be the norm for the Victoria State Government in Australia , according to SmartCompany.
PYMNTS
NOVEMBER 15, 2018
The Australian government has announced a new initiative to support small business finance following a series of steps to crack down on bank mistreatment of SMBs. Reports in Reuters said Wednesday (November 14) that the government will purchase up to $1.44 percent higher than financing provided to larger corporates.
PYMNTS
JUNE 4, 2020
With commercial card adoption on the rise as more organizations make the shift to digital payments, card issuers continue to drive innovation with their corporate card products. American Express Eyes Corporate Spend Drop. India Eyes Gradual Corporate Card Spend Recovery. ” Visa Expands PTSB Collaboration.
PYMNTS
MAY 11, 2020
Amazon’s B2B marketplace, Amazon Business , has opened a new store specifically for coronavirus -related products, including N95 masks, surgical masks and hand sanitizer, according to Livemint. India’s government shut down eCommerce for everything as the pandemic entered its first lockdown for 40 days.
PYMNTS
JANUARY 11, 2021
The European Banking Authority (EBA) is readying new standards that will also place greater pressure on B2B payment times, with potential widespread ramifications for corporates as well as their financing companies. The government's current program to provide payments to businesses based on staff size is set to expire on March 28.
PYMNTS
OCTOBER 11, 2020
The deal will see Paynetics work with corporate customers, who have previously relied on Wirecard for card issuing and payment services, to adopt Paynetics for the continuation of their existing card programs,” the announcement states. Paynetics also said it has appointed Mike Peplow chief executive of its U.K. and European markets.”.
PYMNTS
AUGUST 1, 2019
In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. But as the Tracker explores, there are several initiatives in the works to tackle those challenges — including in the corporate sphere.
PYMNTS
OCTOBER 23, 2018
22) that it is launching Governance.Direct, a platform that aggregates more than 800 governance data points from top global banks, including board size and composition, director expertise, gender diversity and committee structure. Aktis said it aims to make governance transparent for the banking industry. A recent warning from the U.S.
Perficient
FEBRUARY 24, 2021
All this makes data acquisition management cost effective and facilitates good data governance. In addition, this data hub also includes a business rules engine where sales-specific rules (e.g., As such, a data-driven sales organization can create value for marketing, customer support, product teams, and corporate strategy.
PYMNTS
DECEMBER 26, 2019
Late Payments Czar Paul Uppal, the government is facing backlash for failing to clarify why the small business commissioner has departed. 26) said employers’ group the Forum of Private Business is speaking out against what it called a missed opportunity by the government to provide transparency into the matter.
PYMNTS
SEPTEMBER 8, 2020
India-based financial solutions company Razorpay is rolling out a new solution for companies in need of business loans, helping them to instantly access capital, according to a press release. The government programs have only been partly accessible to many businesses due to issue with their collateral, size and credit histories.
Bobsguide
MAY 12, 2020
UK challenger banks and non-bank lenders could see more SME client acquisitions from offering the government’s Bounce Back Loans (BBL) and Coronavirus Business Interruption Loan Scheme (CBILS), says Kirsty McGregor, founder and chairman, The Corporate Finance Network (CFN). But those unable to.
PYMNTS
OCTOBER 5, 2020
The late Harvard Professor Clay Christensen was and is famed for the “jobs to be done” theory of business innovation. At a high level among the key selling points for digitizing B2B payments, especially for small business and lower-middle-market companies, can boil down to one word: Safety. “In Size-Agnostic Ripple Effect .
PYMNTS
FEBRUARY 24, 2020
small businesses, and fraudsters are taking advantage. In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Tax season is upon U.S.
PYMNTS
SEPTEMBER 4, 2020
Zero Hash compares itself to a Banking-as-a-Service startup, only instead of linking financial institutions into tech to build their own banking products, Zero Hash connects corporates and financial service providers to digital asset infrastructure to settle funds automatically and compliantly.
PYMNTS
JANUARY 19, 2021
COVID-19 has been an extraordinary test for governments, financial market infrastructures, banks, corporates and consumers around the world. Governments, banks and companies around the world sprang into action almost overnight with the introduction of stimulus measures, lockdowns and remote working contingencies.
PYMNTS
JANUARY 27, 2020
The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well.
PYMNTS
JANUARY 19, 2021
According to the release, Yates reportedly sought out millions in forgivable loans from two separate banks under the provisions of the CARES Act's help for small businesses in the Paycheck Protection Program (PPP), allegedly claiming he had over 400 employees earning wages.
PYMNTS
AUGUST 11, 2020
That’s the crux of Visa ‘s and Billtrust ‘s strategy behind the Business Payments Network (BPN), their collaborative B2B payments solution. “As we bring in that FI channel, they in turn bring in their corporates, both from a buy-side and a supply side,” he told Karen Webster. . An Ecosystem Approach.
PYMNTS
DECEMBER 29, 2020
Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., PYMNTS reported this month that corporate fraud schemes have been ubiquitous as of late. There are also 2.3
PYMNTS
OCTOBER 29, 2020
Veteran Citi executive Naveed Sultan will lead the financial giant’s efforts to advise governments and other clients on digitization in a new role as chairman of its Institutional Clients Group, the bank announced in an internal memo on Thursday (Oct.
PYMNTS
JANUARY 14, 2021
The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. The new infrastructure aims to broaden financial inclusion, digitization transactions, and bolster government revenue.
PYMNTS
AUGUST 8, 2018
government heard calls this week to break up its Financial Reporting Council (FRC), separating the body’s audit watchdog and corporate governance roles into two regulators, reports in City A.M. said Tuesday (Aug. The IoD says the same should be done to the FRC. This would help the process of making changes to the U.K.
PYMNTS
NOVEMBER 30, 2020
While he’s the first to admit that there are still numerous regulatory hurdles, consumer concerns and corporate uncertainties that need to be addressed, Gouldman said it just keeps the topic in the spotlight and on people’s minds. Wanted: Big Backers And Government Support. Governments and central banks will be the final hurdle. “I
PYMNTS
DECEMBER 14, 2020
government agency websites have sent shockwaves throughout the country and the world, raising concerns about the ability of any institution to protect its vital and confidential data. SolarWinds’ customer list on its website reads like a Who’s Who of American government, industry and academia. The thinking goes that if the U.S.
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