US financial institutions anticipate faster payments demand
While most see demand for faster payments underway, only a minority have put a strategy in place a survey suggests.
North America
MAS, Bank of Canada blockchain trial promises cross-border payment gains
The successful experiment by the two central banks could make cross-border payments faster and more efficient.
Amazon joins the blockchain party
Amazon Web Services has released Amazon Managed Blockchain, a fully-managed Hyperledger Fabric service first announced in November.
Walmart creates own supply chain for beef
The US supermarket group is working with cattle producers and processors to develop its own supply chain for Angus beef.
Stripe’s billing product makes debut in Europe
The US online payments platform provider says that Stripe Billing can help European businesses of all sizes get paid faster.
Equifax buys PayNet, pledges innovative solutions for SMEs
The US data analytics and tech company says the deal should produce better access to capital for small to medium-sized businesses.
HSBC and Walmart launch green finance initiative
The US retail giant is joining with the bank to target carbon cuts in its supply chain.
Visa and Wave accelerate cash access for smaller businesses
The collaboration will enable Wave customers to receive money in real time.
Cyber attackers turn attention to smaller businesses
Big businesses are still the favourite target, but hackers are increasingly vulnerable warns insurer Hiscox.
Big investment and job losses ahead as banks sector embraces AI
The business value to the industry of artificial intelligence is expected to reach $300bn by 2030 but it will shed millions of workers.
US payments fraud at record high, AFP survey shows
More than four in five organisations reported incidents in 2018, reports the Association for Financial Professionals.
Visa teams with Bento for Business on cash flow management solution
The collaboration aims to improve cash flow management for an estimated 30 million smaller businesses in the US.
BNY Mellon forms tech alliance with BlackRock
By integrating customer data with each other rather than competing, both groups are aiming to boost growth.
Rabobank registers as swap dealer in the US
The Dutch food and agribusiness bank says the move will help its customised risk management products across the food chain.
Apple targets banking industry with credit card launch
Helped by Goldman Sachs and MasterCard, the tech giant will add currency exchange services and cashback incentives to lure customers.
US Fed delay slows same-day ACH payments progress
NACHA said that its planned third daily processing window will now not go live until March 2021.
FIS-Worldpay $43bn merger creates global payments titan
The deal is the largest to date in the payments industry, following Fiserv’s recent acquisition of First Data.
Regulatory headaches move to top of treasury risk agenda
A survey conducted in North America and Europe suggests that it has become a bigger worry than trade disputes and fraud.
JP Morgan Chase opening 90 new US branches this year
The banking giant aims to step up competition with rivals Bank of America and Wells Fargo.
Fiserv partners with NationalLink to streamline cash management
The cash supply chain management software addresses some of the drawbacks of smart safes.
Western Union Puerto Rico tie-up enables cross-border payments
The US group is collaborating with local digital chequebook platform TuChequera.com.
ACH payments in USA soaring, particularly same day
NACHA reports that ACH network moved 23 billion payments and $51 trillion in 2018
US corporate finance executives split on economic outlook
Few anticipate outright recession in 2019, but talk of an economic slowdown has increased.