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Building Vendor Trust With Virtual Cards

PYMNTS

construction market is on a roll, and recent data suggests it is unlikely to slow. The market is on track to record a compound annual growth rate (CAGR) of 4.9 Construction firms looking to succeed in this growing market and turn a profit must complete their projects on time, which means access to steady cash flows is crucial.

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Construction Payments: Building The House With Virtual Cards

PYMNTS

Under the partnership, the companies have produced a tool that integrates end-to-end encryption to protect sensitive information, prevent push payment fraud and enable billers to accept partial payments to avoid late fees or penalties. With total losses from fraud reaching $4.2 Fraud Epidemic. The global economy suffered $4.2

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Virtual Cards Can Be Valuable For Analog Industries

PYMNTS

Even so, the global construction management software market is projected to expand at a compound annual growth rate (CAGR) of 9.2 What these studies didn’t reveal is that construction management software and tools like virtual cards can also speed payments and free up cash flow. How Virtual and Purchasing Cards Can Help.

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B2B Payment Innovations Keep Suppliers In Mind

PYMNTS

small business market (SMB) will reach $9 trillion by 2020, but also notes that 80 percent of SMBs still use paper checks to make payments. Losses from fraud were estimated to hit $4.2 DPR’s vendors are presented with the option to receive payment via virtual cards once they complete the onboarding process.

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BEC Scam Storms The Sports Field (Literally)

PYMNTS

Anecdotal evidence pf questionable spend includes examples spanning invoices for IT equipment five times the market price, payments for expired contracts and invoices from debarred suppliers (contractors that the government will no longer work with). In Canada – and in the US, too.

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Mobile Payments: What’s In It For Me?

PYMNTS

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. “You want to get into as many use cases as possible,” said Greg Weed, director of card performance research at Phoenix Marketing International.

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Data Dive, Columbus Edition: Square, PayPal And One Brave Bank Teller

PYMNTS

The Phoenix Suns Get a Payments Assist from PayPal. Maybe the cashier was slow, maybe you couldn’t find your card, but when the buzzer blows, the outcome is all the same. Because that teller, with a glance and a phone call, unraveled a complex, multinational act of fraud that nearly left the nation of Angola $500 million poorer.

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