PYMNTS

JUNE 4, 2020

B2B payments are rife with frictions, including high processing costs, slow transaction times and industry players’ reluctance to embrace electronic payments in lieu of paper checks. Ensuring such payments are secure from bad actors is a priority for the banks that process them. Benefits Of APIs .

Security 151

Security Fraud Payments Compliance 151

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187

National Security cryptocurrency US 187

PYMNTS

APRIL 4, 2018

The rise of new technology has dramatically altered the traditional nature of payments, allowing gig workers and full-time workers faster access to their earnings while enabling businesses and banks to move funds more quickly across international borders. Around the Smarter Payments World.

Taxes 100

Taxes Report System blockchain 100

PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. Alfa-Bank and Novolipetsk Steel Company (NLMK), along with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via Marco Polo.

Taxes 109

Taxes blockchain Bitcoin social media 109

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Virtual Card Payment Trends.

Cards 151

Cards Security ATM Data 151

PYMNTS

DECEMBER 27, 2019

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Trackers and Reports.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JANUARY 24, 2021

Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

DECEMBER 10, 2020

In today’s top payments news around the world, Xoom is now offering clients in the U.S., the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). Canada, U.K.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

SEPTEMBER 27, 2019

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations.

Payments 149

Payments Capital Taxes Lending 149

PYMNTS

AUGUST 21, 2020

Plus, Amazon has put some hiring on hold for its Alexa operation. Amazon has put some hiring on hold in its Alexa operation amid the pandemic. Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. Report: $50B in Cryptocurrency Moved Out of China. Report: Amazon Slows Alexa Staff Hiring to Improve Margin.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. which the institution plans to deploy in its corporate payments operation. BitRail doesn’t yet operate in the B2B payments space. “Adoption is like water,” he said.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

OCTOBER 1, 2018

One-quarter of small businesses continue to record financial data on paper instead of keeping digital records, according to a new survey by Clutch, a B2B ratings and reviews firm, and the tactic is exposing these companies to security risks. A press release from Clutch on Monday (Oct. In most cases, the law is going to favor the employee.”.

Security 108

Security Survey Software Resources 108

PYMNTS

APRIL 9, 2020

Financial concerns caused by the temporary closures of many businesses as well as rising health concerns are leading many to request funds they have been waiting for — including rebates, insurance claims or government payments — as quickly and as easily as possible. Around The Disbursements World. Organizations such as the U.S.

Taxes 178

Taxes Mobile Fraud United States 178

PYMNTS

MARCH 2, 2020

Late payments are a reflection of a broader challenge in B2B payments: Large corporate buyers can wield their market power with small suppliers that lack leverage to negotiate faster payment terms. But late payments aren’t the only symptom of unequal B2B relationships. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

PYMNTS

NOVEMBER 19, 2019

PayQwick Chief Operating Officer Bob Craig told PYMNTS in a recent interview that it’s not that financial institutions (FIs) don’t want to address this challenge and bank the underserved legal marijuana industry — it’s that the burden is so large that they are often unable to meet its requirements in-house.

Company 109

Company Compliance Payments Taxes 109

PYMNTS

SEPTEMBER 27, 2019

Today in the payments news roundup, the U.S. payments ecosystem implications. It also was “able to determine that an unauthorized third party accessed some DoorDash user data on May 4, 2019” and “took immediate steps to block further access by the unauthorized third party and to enhance security across our platform,” per the post.

Data 122

Data North Carolina Kansas City Payments 122

PYMNTS

JANUARY 8, 2020

Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere.

Mobile 141

Mobile Payments Data Technology 141

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

PYMNTS

MARCH 23, 2020

It’s too soon to tell how the coronavirus crisis will impact corporates’ financial and payment operations, but while analysts continue to raise the alert about consumer payments fraud, the risk of B2B payments fraud persists, particularly as more employees work from home. The report surveyed U.K.

Philadelphia 178

Philadelphia Fraud Taxes Survey 178

PYMNTS

MARCH 18, 2019

Take two announcements from just last week, related to the evolution of faster payments in the U.S. First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Okay, so maybe the Fed’s payments folks are just busy.

Payments 201

Payments Cards Operations System 201

PYMNTS

MAY 8, 2020

Cardtronics , which calls itself the world’s largest ATM owner-operator, disclosed its first-quarter results on Friday (May 8), which reflected lower revenues due to lockdowns and some location closures. . Cardtronics’ ATM operating revenues dropped to $291.9 Cardtronics’ ATM operating revenues dropped to $291.9 Payne Jr. (D-NJ),

ATM 131

ATM NJ Houston Operations 131

PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales.

Company 163

Company Payments Fraud Meeting 163

PYMNTS

MAY 8, 2020

Online gambling companies appear to be weathering the pandemic better than their brick-and-mortar cousins, but an environment in which gambling occurs online requires payments to shift as well. Pennsylvania reported similar figures, with tax revenues from brick-and-mortar gambling declining to $50.5 million in March 2020 from $67.5

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

DECEMBER 12, 2019

When it comes to payments, a lack of connectivity can mean abandoned bookings, as payment methods increasingly become a competitive differentiator. That’s particularly true as payment habits change from one jurisdiction to the next. However, the travel industry continues to evolve, with payment habits changing, too.

Payments 136

Payments Cards Industry Marketing 136

PYMNTS

JANUARY 19, 2017

Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). We are delighted to receive the FCA approval for our operations in the United Kingdom.

Payments 100

Payments Meeting Taxes Regulation 100

PYMNTS

NOVEMBER 13, 2020

With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to small business payments. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

PYMNTS

JULY 21, 2020

Tisch declined to provide occupancy rates at the two dozen luxury hotels Loews owns or operates in the U.S. Tisch recommended Congress extend the Paycheck Protection Program (PPP) at least until the end of the year, adjust the tax code, reinstate the business meals deduction and adopt a tax credit for travel. and Canada.

Taxes 189

Taxes Survey New York Security 189

PYMNTS

MARCH 22, 2017

Most transactions occurred on street corners or back alleys, and payment was in cash. What has not changed is how payments for marijuana transpire. Payments are a problem across the board at dispensaries — not just in front end transactions. This is not a political statement, though it may sound like one.

Payments 123

Payments Taxes Colorado District of Columbia 123

PYMNTS

APRIL 1, 2019

Companies are also turning to digital marketplaces to tap into workers’ expertise while lowering operating costs. . Gig work payments in the digital marketplace. Payments are a common concern in the digital economy. The gig economy isn’t only beneficial for workers, however. Digital onboarding in the gig economy .

Payments 183

Payments Survey Online Company 183

PYMNTS

OCTOBER 1, 2020

The process is made secure through the help of forensic security experts alongside advanced banking-grade digital technology. Multiple layers of security are involved on the user's side, including scanning one's ID and taking a selfie. Verify more quickly, a press release says. Since March, over 1 million GOV.UK

Survey 130

Survey Security Taxes Fraud 130

PYMNTS

SEPTEMBER 18, 2018

Discussions about ID theft often involve hackers and cyberattacks gaining access to consumer and payment data. The agency said that the person behind the operation, Katrina Moore, “promoted the sale of a variety of financial documents on the website she operated, FakePayStubOnline.com. But action from the U.S.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

DECEMBER 9, 2020

The ongoing pandemic poses challenges that have amplified businesses’ need to digitize their payment operations. Some firms have better adjusted to new digital tendencies than others, especially when it comes to keeping track of B2B payments and spend management. so having a system or tool that makes it very simple to.

Cards 155

Cards Management Tools Payments 155

PYMNTS

AUGUST 17, 2020

9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. According to reports, the individual had access to the business’s bank accounts, allowing her to make tax payments.

Fraud 237

Fraud Trends Security Report 237

PYMNTS

OCTOBER 13, 2019

According to The Financial Times , a source familiar with the matter revealed that the company has hired JPMorgan to raise $500 million in new equity from investors, as well as secure a $1 billion convertible loan. In fact, it recently reported a pre-tax loss of £33 million for 2018, which is double the amount of the previous year.

Taxes 163

Taxes Fintech Branding Regional 163

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. A Payments Balancing Act. For LockerDome, Lewis explained that one of the most glaring areas of inefficiencies in AP processes is the supplier payment itself.

Taxes 131

Taxes Compliance Payments Data 131