pymnts

Amex Launches Early Pay for Faster Supplier Payments

American Express is introducing a new solution to accelerate B2B payments to suppliers. In an announcement Thursday (Oct. 11), American Express said it is launching Early Pay, a combination of supply chain finance and early payment discount capabilities. Designed for large U.S. companies procuring from U.S.

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Why Bank Security Is About More Than Preventing Attacks

The world can be a scary place these days, especially for banks. According to recently released reports, fraudsters are continuously targeting big U.S. banks, and these attacks are increasing in both frequency and sophistication.

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Barclays Rivals Goldman’s Marcus With Digital Bank

Barclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs’s Marcus brand. Barry Rodrigues, CEO of cards and payments at Barclaycard International, told Financial Times that the new offering would leverage Barclays’ U.K. knowledge and expertise to create a checking account for its U.S.

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JPMorgan Reports Growth in Card Spend, Mobile Users

JPMorgan posted results on Friday (Oct. 12) that beat the Street on headline numbers – top and bottom – based on traction in consumer spending, and also showed growth in its mobile and digital initiatives. The bank is among a trio, including Citigroup and Wells Fargo, that typically kick off earnings season.

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PayPal, Walmart Partner on Payments

For 73 percent of Americans, participating in the digital economy is easy. All they have to do is secure internet access, enter their relevant credit, debit or bank account numbers with the merchants and service providers they want to buy from, and set up their mobile banking app.

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Mastercard Launches Real-Time Bill Payments via Banking Apps

Mastercard announced that it is launching Mastercard Bill Pay Exchange – a real-time bill payment and presentment service. This will give issuers the opportunity to recapture ground lost by consumers opting out of online and mobile bill-pay services in favor of visiting biller sites directly to pay their bills.

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Why Gig Workers Prefer PayPal Over Direct Deposit

A growing group of Americans are eschewing traditional, full-time employment, but that doesn’t mean they’re leaving the workforce entirely. As a result, their payment, or disbursement, preferences are also changing. According to the latest Gig Economy Index, more than one-third of the U.S.

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In Singapore, Cross-Border Mobile Payments Via…Via 

Cross-border payments continue to make inroads in Asia, rendered through mobile means. To that end, the largest telecommunications carrier in Singapore, Singtel, said this past week that it launched Via, billed as the first cross-border payment alliance in the region.

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The Roil Over B2B Payments Rails

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Warren Buffet made rails sexy again when he bought a railroad in 2009. That was the year Buffett took a 77 percent stake in Burlington Northern – in what he described as a bet on America and its resilience […]

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CFTC Increases Crypto Regulation in 2018

The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise in cryptocurrency cases and spoofing schemes.

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INFOGRAPHIC: Keeping Hold of the Slippery Digital Consumer 

The good news about modern digital customers, particularly younger ones, is their consistent willingness to try new things, such as new stores and new delivery experiences. Novelty has a good deal of power for consumers constantly connected to a wide variety of commerce channels.

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As the Dawn of 5G Nears, Will It Be All That?

5G is coming. Now if we can just figure out what it’s good for. That’s a little bit unfair, but it does reflect some of the talk around the mobile connectivity standard.

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