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Rising Credit Card Use In UK Could Mean The End For ‘Petty Cash’

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The increasing number of businesses using cards over cash could prompt some companies in the U.K. Contactless transactions using commercial credit cards surged nearly a fifth higher in 2019 than they had been prior, according to the U.K. Tom Wood, head of global liquidity and cash management at HSBC U.K.,

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Mastercard General Counsel Tapped To Chair National Urban League

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Tim Murphy, general counsel for Mastercard , has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City.

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B2B Tech Startups Land Backing To Modernize The Enterprise

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Bikayi told the publication the investment will be used to expand hiring and accelerate product development with a goal of on-boarding 1 million new sellers. Enterprise governance software company Honcho secured $4 million in Series A funding , the Colorado-based startup announced in a press release this week. Cloudentity.

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The Public Sector Takes The Lead On eProcurement

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Government procurement moved to the spotlight last week when New York City Comptroller Scott Stringer announced he is closely monitoring the state’s eProcurement project following reports of surging costs. “That has to be the core of the system, to be able to manage procurement.”

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Visa Hopes To Draw More SMBs Into Digital Payments With Its ‘Cashless Challenge’

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At Visa, we believe you can be everywhere you want to be, and that it should be easy to pay and be paid in more ways than ever — whether it’s a phone, card, wearable or other device,” said Jack Forestell, head of global merchant sales and solutions for Visa. The same Visa study found New York City-based SMBs were missing out on $6.8

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The New York Subway’s Better Digital Ticket To Ride

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New York City commuters – arguably the most on-the-go demographic in the United States – do not want to wait for anything. He pointed out that making this work smoothly requires a “slick” process that can take money from the customer in a very fleeting but steady and secure manner that requires minimal interaction.

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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

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The Bank of America at 52nd Street and Park Avenue in New York City, in one case, ran out of $100 bills for a time due to large withdrawal attempts. It can be challenging for restaurants to manage multiple eateries and to keep them completely stocked as well as running smoothly in the best of times.