Square releases its latest earnings, Community Banks’ faster payments wake-up call, and a Chinese alt-lender raises $220 million.
| | | | BUSINESS TO BUSINESS EDITION | | Why Incremental Card Adoption Is Enough For Better Cash Management
AP company MineralTree issued a major show of support for the commercial card when it announced a partnership with American Express this week. And while CEO BC Krishna told PYMNTS there are benefits for both buyers and suppliers to virtual card payments, he also said he doesn't expect â or even want â cards to suddenly become the most ubiquitous payment rail. Even incremental adoption of cards can make a huge impact on cash flow, as he explains.
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| Number Of UK Firms In Significant Financial Distress Jumps
New data from the U.K. finds the national economy grew at a measly 0.3 percent in Q2. According to separate research from insolvency firm Begbies Traynor, the quarter also saw the largest jump in the number of companies under "significant" financial distress in years. Unfortunately, the vast majority of those businesses are SMBs. Here are the industries facing the toughest times, and what Begbies Traynor says the statistics signal for the overall economy.
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| | Faster Payments Tracker™ | | NEW REPORT: The Community Banks' Faster Payments Wake-Up Call
Previous stereotypes be damned, recent research pegs millennials as entrepreneurial, with almost half the generation planning to start businesses within the next three years. For community banks, itâs a wake-up call to adopt faster payment solutions that younger customers expect â or get left behind. For Augustâs Faster Payments Trackerâ¢, PYMNTS interviews ICBA Bancard CEO Tina Giorgio, who explains why a âwait and seeâ approach could hurt community banks. Plus, notable news, including the Fedâs Faster Payments Task Force report. Read More... |
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