Today In Data: Investing In A More Efficient Future

Efficiency is everything, pretty much in any arena. Because being inefficient is very costly – both in literal dollars and in opportunities lost to forge business relationships. But where there is a problem, there is usually a player looking to solve it – and of late, an investor willing to back that solution, whether it’s for a more efficient and secure lending product, a better

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Visa Makes Strategic Investment In Paidy

Visa has made a strategic investment in Paidy, which offers instantly issued post-pay credit services for eCommerce consumers based in Japan. The firms said in an announcement on Friday (August 24) that they are working together on “new digital payment experiences” that, in turn, seek to offer consumers in that country more options as they transact in-store or online. The

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The Rise Of Risk Management In Commerce And Payments

Consider it one of the main lessons to come out of the second quarter earnings season: Hedging — as in preparing for currency fluctuations and other factors — is something that eCommerce firms need to embrace, too. When Netflix reported its Q2 financials, its failure to “hedge its revenue with derivatives,” according to Reuters, led the company to lower its 2018 operating

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ACI Worldwide Powers Fleet Tax Payments

Electronic payments company ACI Worldwide is integrating its technologies with SPAN Enterprises, a tax filing technology provider, to power tax payments for the fleet industry. A press release issued Thursday (Aug. 23) said ACI will integrate its Official Payments IRS tax payment solution into SPAN’s ExpressTruckTax offering, enabling fleet managers, truckers and CPAs in the trucking industry to file taxes

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B2B Finance As A Service Tops This Week’s VC List

The big B2B venture capital news of the week was Augmentum Fintech’s trio of investments, signaling the company’s focus on the B2B FinTech market — but it wasn’t the only firm targeting this startup space. Investors also took a liking to accounting technology, alternative small business finance and eProcurement, with B2B FinTech startups raising more than $107 million in all.

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In Payments Fraud, Bad Guys Play Go Phish

There’s nothing new under the sun, they say … except for new ways to steal. Payments fraud is, of course, no longer confined to someone swiping a credit card and running up a tab or taking money from a cash register. In the world of data theft and emails, the bad guys and victims never meet face to face. And

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AltFin’s Next Hurdle: The Small Business Relationship

A lack of access to funding may have opened the doors for alternative finance, but AltFin’s ability to quickly innovate and provide digital services — often faster than traditional banks could — means that online lending platforms have been able to compete and gain traction. There are ways, however, that traditional financial institutions (FIs) still beat out alternative players, especially

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Axiom Bank Acquires Factoring Firm

U.S.-based Axiom Bank is expanding its business lending capabilities through the acquisition of Allied Affiliated Funding, reports said Thursday (Aug. 23). A press release announced the takeover agreement, which will see Axiom absorbing Allied’s asset-based lending and factoring offerings. The acquisition will also bridge Allied’s existing customers to the banking and cash management offerings of Axiom, the companies said. Allied

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WEF Recruits Russia’s Sberbank To Combat Cybercrime

The World Economic Forum (WEF) has reportedly begun recruiting banks to combat cybercrime, beginning with Sberbank in Russia. A press release sent to PYMNTS on Thursday (Aug. 23) said the WEF’s Centre for Cybersecurity (C4C) plans to recruit six financial institutions to collaborate on information sharing and technological cooperation in an effort to combat cybercrime in the financial services space.

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LinkedIn Finds Entrepreneurs Increasing Reliance On Freelancers

LinkedIn‘s latest survey of small businesses (SMBs) signals an increasing reliance among entrepreneurs on freelance workers. Reports in Spend Matters on Thursday (Aug. 23) said LinkedIn’s ProFinder platform surveyed 1,500 small businesses about their interactions with freelancers. Seventy percent said they have already used freelance workers in the past, and more than half said freelancers have worked for them in

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