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City National Bank, Extend Team On Virtual Corporate Cards

PYMNTS

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. Replacing them is much easier than replacing plastic cards.

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Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators. Plan and adapt or chase and catch up. .

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Brex Launches Vancouver Tech Hub With 40 Employees

PYMNTS

Silicon Valley payments FinTech Brex opened its first international office, a technology hub in Vancouver, Canada with a 40-person workforce, the company announced on Tuesday (March 3). The new hub will target software engineering and user experience processes. It has also launched a corporate credit card for startup companies.

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B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. Honcho plans to deploy the investment towards new hires and invest in its product roadmap.

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Last Roar Of The Paper Tiger?

PYMNTS

That’s the picture emerging as B2B payments hustle to catch up to consumers who ran off giddily with P2P and the FinTechs. It got so bad that New York City became the first municipality in the nation to pass a law making it easier for freelancers to sue for payment. Embarrass­­­ing, sure. But it’s totally fixable.

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Supporting the Financial Services Industry Sustainability Journey

Cisco

On average, 65% of customers want their banks to reduce their carbon footprints by consuming renewable energy, following paperless processes, and offering biodegradable cards as noted in the World Fintech Report (pg. Cisco is transforming many of its own offices and data centers to be more sustainable.

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Carrying Cash Could Become A Casualty Of COVID

PYMNTS

A 2017 study identified over 100 different strains of bacteria on dollar bills circulating in New York City. Enveloping — putting cash in envelopes earmarked for savings or bill payments — is an attribute so important that many a FinTech has sought to replicate it in digital fashion.

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