Bank of America biz banking lead to exit, Ant Financial launches tech brand and Nexus explores the challenges of paying suppliers faster
| | BUSINESS TO BUSINESS EDITION | B2B Payments Fraud Tracker |
FBI Sets Sights On Payroll Fraud Scheme Payroll fraud is underway, according to the FBI's "IC3" division, targeting employees in a number of verticals. The key method is phishing. Elsewhere, Europol warns that threats loom for payments fraud as mobile banking gains traction. |
Robotics Process Automation Dwarfs The B2B VC Competition More than $360 million was raised by B2B FinTech firms this week, with nearly two-thirds of that funding landing at robotics process automation outfit UiPath. Other notable rounds landed at firms addressing many kinds of financial pain points, including logistics booking, payments and banking. |
| Supplier Payments | Nexus Explores Unexpected Challenges Of Faster Supplier Payments Every industry is different, but late supplier payments are a problem everywhere, right? According to Nexus President and Founder Jennifer Coolidge, real estate firms value their supplier relationships so much that they tend to pay invoices upon receipt. That practice introduces a range of different challenges, though. Coolidge speaks with PYMNTS about how collaboration with Visa is addressing some of those issues. | | |
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