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Operational efficiency has long been the key to selling AP automation, but a growing payment fraud problem and new risk exposures are giving businesses new reasons to digitize payments.

Joe Nowland will be succeeded by COO Mary Svoboda, who will lead the Jacksonville, Fla.-based credit union on an interim basis.

Offering the preferred payment method is essential to converting customers in LATAM. But the diversity of each country’s market makes this easier said than done, says PPRO's Steve Villegas.

MVB in West Virginia will gain a 47% stake in the partnership in exchange for contributing its mortgage unit's assets to the new company.

Visa Inc. is working with three banks in Sudan to introduce its payment products, the latest Western brand seeking to enter the North African country after the lifting of U.S. sanctions and the overthrow of its long-time dictator.

As India’s first billion-dollar share sale in more than two years and the only credit card firm in the nation to go public, SBI Cards and Payment Services Ltd.’s float may exceed the $1.4 billion target. The question is by how much in the face of the coronavirus outbreak.

The Federal Reserve has voted unanimously to cut the interest rate 50 basis points to 1.10% effective March 4, in the first emergency rate cut since 2008.

LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds.

The San Diego bank is struggling to renegotiate a partnership with the tax preparation firm to address caps on interchange fees.

The company said that cardholders’ spending overseas has slowed sharply, especially for travel-related purchases, and that it won’t give a forecast for future quarters until next month.