SMBs seek donations via GoFundMe, BoA app OKs billion-dollar payments and How OCR-driven payments benefit supply chains
| | | | BUSINESS-TO-BUSINESS EDITION | | The Challenges Challenger Banks Must Overcome To Compete Challenger banks often enter the market with a lot of fanfare â but quickly find that competing requires much more than a slick app and a prepaid card. What the next generation of banks is learning, Ingo Money CEO Drew Edwards tells PYMNTS, is that building a profitable model independent of venture capital backing is hard â and building something profitable and competitive at scale with established banks is even harder. Hereâs why. |
| In Australia, Late Payments Hit SMBs During Holiday Season Late payments have hit Australian firms across several verticals â with notable impact across the transport industry. The practice of supply-chain finance is about to get greater scrutiny in the country, according to reports. In the U.K., a number of companies have been suspended from the Prompt Payment Code. |
| | B2B Payments | | RedCloud On How OCR-Driven Payments Benefit Supply Chains Supply chains can get bogged down in paper invoices and cash payments, especially when unbanked enterprises are part of that chain. Cash reconciliation and invoicing by optics allows invoices to be received, process and paid in real time. RedCloud CEO Justin Floyd tells PYMNTS that fast-moving consumer goods companies and distributors can leverage the power of application programming interfaces (APIs) to embrace digital payments. |
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