Intuit inks another buyout deal, NatWest links commercial cards to Apple Pay, and Center talks the blurring line between expense and procurement
| | | | BUSINESS-TO-BUSINESS EDITION | | Western Union CFO On Q2 And The New-To-WU Consumers' Big Digital Shift The second quarter saw some rough seas for Western Union as its retail business declined sharply in the face of pandemic-related shutdowns. But Chief Financial Officer Raj Agrawal tells Karen Webster that the companyâs digital business also surged during the quarter, in part thanks to higher-income, new-to-WU customers who seem likely to stick around. |
| Commercial Card Innovation |
| The Corporate Card Goes Contactless As B2B FinTechs explore the value of the commercial card, they're integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. This week's roundup of Commercial Card Innovation also finds growing interest in digitizing and mobilizing the corporate card, either through virtual card generation or mobile wallet support, at a time when contactless payments remain on the upswing. |
| | SMB Accounting | | Maintaining Control When Employee Spend Looks More Like Procurement With employees spending company cash the same way they make personal purchases, the expense report is no longer just about business trip reimbursements. In a recent discussion with PYMNTS, Center CEO Naveen Singh describes a blurred line between expense management and procurement, and the value of cards and real-time data in helping finance teams account for surging employee purchasing volume. |
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