Fintech

There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback.

Both are useful, but each has specialties in protecting different types of transaction processes, according to Rambus Payments' Andre Stoorvogel.

Kashuba, who heads design and innovation at Fifth Third Bank, says looks matter even to the common credit card.

Rather than receiving a lump-sum payment from the online lender, borrowers can now choose to have the proceeds of a debt consolidation loan sent to the companies they owe.

Payments Canada is proposing to allow delayed transaction authorization to enable debit cards to be used in open-loop transit — and the change could affect far more than commuters.

Investment in B2B fintech startups has been ramping up for the past couple of years, and in the next year we’ll start to see businesses reaping the benefits of the fintech wave, says Nvoicepay's Karla Friede.

As both large payment processors and fintechs are attracted to the market opportunity presented as B2B transactions start to digitize, one vendor hopes to stand out with an AI-based workflow.

The technology is too geared toward consumer use and leaves businesses out of the mix, argues Matt Johnner, president and co-founder of BankLabs.

Spanish bank BBVA and duty-free travel retailer Dufry are partnering to accept mobile payments from China's WeChat Pay at the Madrid airport.

The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas.