Mexican banking FinTech albo is now offering business banking services in addition to the individual services the company has provided previously, according to news site Contxto. The service, called albo empresas, or albo business, attempts to address the problem of businesses losing time by making payments. Through albo empresas, businesses...
How mobile wallets keep propping up plastic (or metal) cards
How mobile wallets keep propping up plastic (or metal) cardsSince the dawn of the smartphone era, banks and payment companies have struggled with a chicken-and-egg problem: How to get people to adopt mobile wallets when most merchants can't or won’t accept them.The solution, dating back to 2011's Google Wallet (a...
Different channels need different fraud controls
Different channels need different fraud controlsEven without taking over someone’s accounts, fraudsters armed with stolen credit card data can wreak havoc through mobile payment channels. That’s because many merchants use the same fraud controls for mobile orders and desktop orders, even though the processes require different approaches.Mobile checkout is often...
SMBs Explore Financing Options For Their Digital Transformations
Access to capital for small- to medium-sized businesses (SMBs) has always been vital, as well as a challenge. Borrowers don’t always have a consistent experience in their hunt for financing, either. In some cases, when a traditional bank shuts the door on an SMB applicant, a business owner may not...
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Late B2B payments continue to plague suppliers large and small throughout the supply chain, but it’s not just companies that are struggling to get paid on time. In the craft labor arena, contractors, too, face the threat of late and delayed payments. Yet while much of the late payments discussion...
B2B Payments, Financing Lead Week’s FinTech Funding
The B2B FinTech startup community continues to wade through market disruption with a relatively strong show of support from venture capitalists, despite an overall decline in VC funding across verticals. More is likely on the way, too. As reported by Fortune this week, UBS Group is planning to establish a...
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation (SDF) has made a $550,000 strategic investment to go toward SatoshiPay‘s development of a B2B cross-border payments solution and its digital wallets, according to a press release. SDF’s investment came by way of convertible loan notes and was the third investment the foundation has made in...
Aion Bank’s BusinessMax Offers Digital Solutions For SMBs
Aion Bank’s newly-launched BusinessMax aims to generate high-quality digital banking services for small and medium-sized businesses (SMBs), according to a press release. The Belgian challenger bank says the program will be “fully digital” from start to end, and everything from account setup to loan applications and approvals can be handled...
American Express Canada Introduces Offers To Support SMBs
In an effort to bring greater value to its small and medium-sized business (SMB) card members, American Express Canada is debuting limited-time offers as well as solutions. The company said that the changes seek to tackle the evolving requirements of today’s businesses, with the inclusion of modifications to spending habits...
Italian Bank Intesa Sanpaolo Inks Supplier Financing Deal With Gucci
In a move that bolsters financing for the supply chain of Gucci, Intesa Sanpaolo has inked a deal with the luxury goods group to ease financing for small companies that supply the firm. The Italian retail bank said it would apply the financing conditions that Gucci receives to its suppliers,...