A new VC fund invests in PayStand, how Faster Payments collaboration means competition, and Fifth Third accelerates SMB credit.
 

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July 102017

       BUSINESS TO BUSINESS EDITION

PYMNTS Topic TBD

Corporate Travel’s $1.25T Rewards Opportunity
 

Companies spend $1.25T, yes trillion, annually on business travel. So it’s no wonder that they want to find ways to cajole employees to spend less on their business trips. In the latest Topic TBD, Rocketrip CEO Dan Ruch explains how some of the biggest companies in the world are using an unusual rewards play that helps them do that, while answering the age-old question: What’s in it for the employee if they play along?
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Data Digest

Small Business Jobs Grow, But Even-Smaller Firms Struggling
 

How is U.S. employment stacking up? That depends on who you ask, but economists are optimistic. The picture becomes less clear among small businesses, though, with Paychex and CBIZ each releasing reports that show different sides of the small business employment equation. PYMNTS breaks down the data from this report to give a fuller picture of job growth within the backbone of the national economy.
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Faster Payments

How Faster Payments Collaboration Breeds Financial Services Competition
 

With Vocalink's gateway service PayPort now working with Starling Bank to help other banks and FinTechs gain access to the U.K.'s Faster Payments scheme, industry players are banking on collaboration to accelerate transactions. But PayPort Sales Director Steve Clarke says that this cooperation is critical to promoting innovation and, yes, even competition in the market. He explains this seemingly contradictory strategy.

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