The more archaic and manual a system, the riper it is for abuse. Just take, for example, the news of Citi firing a senior analyst for inflating his meal expenses and later lying about it, which became widely reported on last week (Oct. 15). But reimbursement fraud is no joke, and businesses relying...
“If the FinTech ‘revolution,’ post-financial crisis, is in its early innings, then embedded finance is in its first inning.” Matthew Valente, head of product strategy at FIS, told PYMNTS in a recent interview that as traditional financial firms and FinTechs band together to offer everything from...
Real-time payments offer undeniable advantages to businesses of all sizes, and large firms can reap these benefits at scale. PYMNTS’ latest research shows that nearly two-thirds of large companies using real-time payments in at least one context believe the technology offers competitive advantages. Large firms...
While real-time payments currently account for just 2% of corporate payments sent and 1.3% of those received today, corporate treasurers and billing and payment executives are increasingly interested in real-time payments’ potential for improving such areas as cash flow management and efficiency. Twelve percent of...
January 25, 2023
“If the FinTech ‘revolution,’ post-financial crisis, is in its early innings, then embedded finance is in its first inning.” Matthew Valente, head of product strategy at FIS, told PYMNTS in a recent interview that as traditional financial firms and FinTechs band together to offer everything from bank accounts to lending products to a broader audience across […]
January 21, 2019
Business confidence remains strong in the U.S., riding on the optimism of a strengthening economy that brings new opportunity for revenue growth. This is particularly true for small and medium-sized...
September 26, 2018
Maybe Isaac Newton — the hopelessly hopeful alchemist who came up with some solid rules of physics — was a genius of business and even B2B payments, too. After all,...
November 07, 2016
It’s one day to election day in the U.S., and as always, national economic issues are at the top of voters’ minds. The stakes are high for businesses of all...
November 21, 2018
Citi’s Treasury and Trade Solutions (TTS) announced that it has expanded its Citi Payment Insights offering to more than 20 new markets, making it available in more than 70 markets. Launched in July, Citi Payment Insights provides real-time payments visibility, including processing status and timelines, charges deducted across correspondent banks, the amount credited to the […]
July 26, 2018
Trade disputes and other features of rising global uncertainty aren’t enough to deter U.S. corporations from remaining optimistic, according to the New York Times. Reports this week highlighted the National...
February 05, 2018
The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services...
December 15, 2017
A new survey from Citizens Bank explores how mid-market CFOs in the U.S. are anticipating new technologies and market trends for the year to come, with these professionals signaling interest...
