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Building Vendor Trust With Virtual Cards

PYMNTS

Such solutions help construction firms resolve balances while providing their business partners with crucial access to working capital. Virtual cards move payments quickly,” Phoenix said. “We Checks take longer to reach vendors,” Phoenix said. It’s for a particular vendor for a particular invoice,” Phoenix said.

Cards 116
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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UPS Invests In Autonomous Driving Firm TuSimple

PYMNTS

Reuters is reporting that the world’s biggest package delivery company has a venture capital arm called UPS Ventures, and that the announcement underscores how much easier it is to develop self-driving technology for freight trucks rather than passenger cars. But the technology has a ton of implications today.”.

Tucson 100
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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

Many speakers talked about the huge opportunity to integrate fintech and breakthrough technologies like blockchain and AI into the established banking industry. The techies had clearly moved from the kids’ table to an elbow-to-elbow prime seat beside the leaders who control the resources and capital in the industry.

Arizona 147
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As Losses And Costs Rise, Alphabet Promotes Waymo’s Promise

PYMNTS

And that’s officially pleasing to Google ’s parent company as it continues to devote more money to its self-driving technology Waymo unit and other experimental projects organized under the umbrella of Other Bets. The Other Bets unit also reported an operating loss of $732 million, a 16 percent increase from the second quarter of 2017.

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Collaboration: The New Competitive Weapon

Gonzobanker

For the most part, these channels are flooding executives with high-level “what” observations and doing nothing to help them make strategic “how” decisions or adopt new operating tactics. As bankers build bonds with peers through collaboration, they open up new opportunities to jointly invest capital in new ventures and strategies.

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Self-Driving Vehicles Face New Speed Bumps

PYMNTS

The ride-sharing technology provider managed to trim its loss in the second quarter of 2018 , to $891 million from the $1.1 Uber so far has spent $2 billion on self-driving technology development, the report said. If it spent $200 million, that would equal 22 percent of the quarterly loss. Uber’s Q2 revenue was about $2.8

Arizona 100