Online marketplaces are all about innovation. And in the B2B procurement space, that innovation is increasingly starting and ending with better and more seamless payments. After all, there’s an old saying about business-to-business payments: as long as it works, people don’t want to see any...
Last year, overdraft fees charged by banks — representing a revenue stream tied to account use — slipped by 24% to $5.8 billion. The industry is off its peaks for those fees, as 2019 saw overdrafts/non-sufficient fee revenues near $12 billion, as estimated earlier this...
British banking giant HSBC wants the tech industry’s help with new fraud reimbursement rules. The bank said the regulations expected to go into effect next month will not prevent fraud, The Guardian reported Sunday (Sept. 22). David Callington, the head of fraud at HSBC UK,...
“This is where the battle’s going to be won,” Mike Micucci, CEO at fabric, told PYMNTS’ Karen Webster. “This” is retail’s ability to meet consumers where they are — whether online, in-store or on social media — and deliver a seamless, efficient and reliable shopping experience...
Choice can be both a necessity and a paralyzing paradox. Particularly in the world of business payments, finding the optimal mix of payment methods has become a critical challenge for companies seeking to maximize operational efficiency, reduce costs and improve cash flow management. After all,...
Banks and financial institutions (FIs) face challenges in balancing the convenience of digital banking with the need for robust security measures. Economic impacts from fraud have forced these institutions to shift resources away from innovation toward immediate threat mitigation, hindering progress in the sector. As...
The Federal Deposit Insurance Corp.’s latest data on deposits shows just how bifurcated the banking industry is, in terms of the largest players, home to the great bulk of overall deposits here in the states. To that end, the top five institutions — ranked by...
Bahrain, an archipelago nation of 1.5 million people, is emerging as an unlikely leader in the artificial intelligence race in the Middle East. Bahrain’s push to integrate AI into its economic vision, national security infrastructure and workforce development is part of a rapidly growing movement...
Artificial intelligence (AI) startup Phacet has reportedly raised $4.4 million for its small business-based solutions. The seed funding round comes as the Paris-based company is working to extend its AI applications for small and medium-sized enterprises (SMEs) across a range of sectors, including eCommerce, industry and finance,...
