As we get a clearer idea of the extent of travel and tourism disruption from the pandemic, companies are zeroing in on payments management to get the sector moving again. Noting that travelers canceled nearly 25% of bookings with U.S. travel and tourism companies with...
Risk is present, in some form or another, in every transaction. But nowhere is risk so glaring as it is in the trade finance “gap” that bedevils supply chains around the globe. That gap takes shape when receivables are outstanding, when the “whens” and even...
Buy now, pay later (BNPL) exists as a cash flow lifeline – or, perhaps, time will tell if the devil is in the details, pointing to a missed payment deluge. Recent PYMNTS surveys have spotlighted that as many as 14% of online consumers have used...
The cash crunch facing small to mid-sized businesses has sent some firms scrambling for loans, and for alternate forms of financing to help keep them afloat. As reported by PYMNTS, many SMBs, even with loans extended by the Paycheck Protection Program (PPP), have just several...
January 17, 2020
With Retail’s Big Show in New York, earnings season kicking off and banks reporting on the State of the State 2019, there was no shortage of headlines this week. Yet, even in a big week, there are standouts — Visa bought Plaid, Goldman Sachs’ Marcus hit $60 billion in deposits and 75 percent of small- […]
May 18, 2017
In B2B, expansion is both goal and challenge, especially in cross-border situations, where collecting on receivables can be a lengthy and daunting process. Flywire EVP & GM Jeff Althaus tells...
August 04, 2024
Brazilian online marketplace Monkey Exchange has reportedly raised $11 million in new funding. As The Brazil Journal reported, the financing comes at a pivotal moment for the company, whose marketplace anticipates receivables from suppliers of large companies. New regulations, the report said, are expected to lead to a fivefold increase in the market for so-called […]
April 08, 2019
Payment solutions company Flywire has added machine learning capabilities to its cross-border payment and receivables platform, according to a release from the company. “The enhancements improve the payment-to-settlement time, increase...
March 06, 2019
Global payments and receivables company Flywire enjoyed strong growth in 2018 that it plans to carry into this coming year and over $10 billion in total payments volume. Some of...
January 23, 2019
Capital One’s domestic card loans increased 8 percent in the fourth quarter of 2018, the bank said on Tuesday (Jan. 22) as company executives gave an update of its card...
