News Platforms 

KyckGlobal Debuts On-Demand Workforce Payments Platform

“The platform supports same day ACH, prepaid card, cash and debit payments to PayPal, Bitcoin, and other payment methods for on-demand workers to receive compensation” reports pymnts.com. In addition to payment solution companies like PayPal integrating support for the gig economy, gig economy platforms like Uber have also launched initiatives to streamline payouts for on-demand workers using their solutions. Source: pymnts.com

Read More
News 

UMB Bank Taps Bottomline For AP Offering

“UMB Financial Corporation is teaming up with Bottomline Technologies to integrate an accounts payable management offering for corporate customers” reports pymnts.com. The companies said their collaboration can yield lower accounts payable costs, heightened security and transparency, optimized payment routing, faster payment discounts, and overall accounts payable efficiencies. Last year UMB announced another partnership with U.K.-based Fraedom, integrating its corporate payments, commercial card and expense management solutions for business customers.UMB Bank Executive Vice president, Director of Treasury and Commercial Card Sales Brian Hutchin said that promoting use of commercial cards is…

Read More
Crypto News Platforms 

Fintech Company TrueDigital Appoints Former Bridgewater Associates Executive as CEO

“New York-based fintech company TrueDigital Holdings (TDH) announced the appointment of former Bridgewater Associates chief operating officer Thomas Kim as its new CEO through a post on its website on Feb. 19” writes Adrian Zmudzinski for cointelegraph.com. In January of this year, blockchain platform Qtum also announced that it was introducing Bitcoin atomic swaps to its mainnet infrastructure.The aforementioned payment platform also attracted a “significant number of institutions within the first 30 days of operation,” according to the announcement. Source: cointelegraph.com

Read More
Crypto News 

Startups-Focused Law Firm Now Accepts Bitcoin Cash Payments

“The corporate law firm, which has helped over 300 startups raise more than $500 million in venture capital, now accepts direct cryptocurrency payments via Bitpay” reports bitcointoday.club. We speak our clients’ language and now accept payment in their preferred currency.” What do you think about law firms accepting bitcoin payments?. Cryptocurrency ventures that don’t wish to convert their holdings to fiat can now pay for legal services with bitcoin cash (BCH) or bitcoin core (BTC) with Atrium.Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay Atrium, a legal services…

Read More
News 

Microsoft’s investment arm M12 leads $15M funding round for corporate payments startup nsKnox

“In a press release, nsKnox cited a study where 78 percent of companies surveyed were victims of payment fraud in 2017” writes Nat Levy for geekwire.com. Microsoft has invested in a startup based in Boston and Tel Aviv, Israel, that aims to make corporate payments more secure.The startup makes technology that allows organizations to validate payment authenticity, verify sender and receiver, and identify and prevent manipulations. Source: geekwire.com

Read More
News 

Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

“With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear” reports pymnts.com. Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., is a lack of remittance data, he said.Addressing the remittance data gap may certainly help to spur adoption of digital and faster payments in the B2B arena.Companies weren’t any better off after faster payments.” One…

Read More
News 

FSB Pressures UK To Nix Contracts To Late Payers

“Small businesses combatting the practice of late invoice payments in the U.K. are proposing a new tactic in the fight” reports pymnts.com. The FSB has raised the issue of government contracts awarded to late payers in the past. In October the group called for late payers to be stripped of government contracts after Carillion, one of the largest government contractors in the U.K., fell into insolvency, with reports subsequently revealing the company’s practice of late supplier payments.Last year analysis from KPMG found only 17 companies in Scotland out of nearly…

Read More
Crypto News 

‘Japanese Amazon’ Rakuten Tries Hand on Crypto

“A big Japanese e-commerce company, dubbed the Amazon of Japan, Rakuten, released a statement about their plans on making Bitcoin and other cryptocurrency as form of payment processor” reports livebitcoinnews.com. Actually, it’s not the first time that Rakuten has gotten interested in offering Cryptocurrency as an option for payment.Rakuten Pay, the app platform, is expected to release a new version in the next 4 weeks, attached with a Cryptocurrency payment choice, alongside cash.It also showed optimism for Cryptocurrency capitalists willing to know about the effect of Rakuten’s offering for Bitcoin…

Read More
News 

Major Omani Bank Joins RippleNet Cross-Border Payment Network

“RippleNet is a global blockchain-based payment network of institutional payment providers, that was developed by technology company Ripple” writes Ana Alexandre for cointelegraph.com. Oman’s second largest bank by market value, BankDhofar, has begun using RippleNet technology for cross-border payments to India.Earlier this month, Finablr, a global payment platform and foreign exchange operator based in the United Arab Emirates (UAE), joined the RippleNet network to complete real-time transactions to Thailand.Last December, the National Bank of Kuwait (NBK) also launched a cross-border remittance product based on RippleNet’s blockchain technology. Source: cointelegraph.com

Read More