Payment processing

Using AI to verify receipts alleviates the need for auditors to aimlessly review every single receipt submitted within an expense report, says Travis Andrade, a senior product manager at AppZen.

Global cross-border payments network Thunes has completed a $10 million financing round led through global venture firm GGV Capital to boost its financial services efforts in emerging markets.

The bank is hoping the venture will encourage more companies to use Quorum, the Ethereum-based blockchain it built five years ago.

The growing sophistication of artificial intelligence is making fraud detection faster and more accurate, which opens up new possibilities for new products and services because of consumer confidence in secure payments, writes Margaret Reid, senior vice president of North America Risk for Visa.

Speculation has been in the air about whether TSYS—one of the last large legacy processors—may be next in a big M&A deal after the pairings of FIS-Worldpay and Fiserv-First Data were announced this year.

Apple is addressing consumer demands and pain points head-on, with the overall goal of making consumers’ lives easier, argues Jeff Bender, vice president of digital solutions for Diebold Nixdorf.

By using one anonymous, streamlined platform, it is easy to conduct B2B commerce anywhere while keeping transactions digital, allowing both parties to connect without leading to fragmentation within the market, writes Derek Wall, founder, CEO and CTO of HUBX.

Mastercard’s board is pushing back against an activist group’s calls to create a board-level human rights committee to track potential transactions involving extremist organizations.

Payments platform BizPayO is launching an online cash flow tool it says will help small and medium-size business owners tackle what amounts to a $3 trillion late-payment problem annually that undermines operations.

China's massive card network UnionPay has signed a merchant acquiring agreement with Worldline to bring acceptance of UnionPay cards into 40,000 merchant locations across northwest Europe.

While a majority of business payments are still made by checks, faster payments and increased cash flows will pressure a move to digital options, contends UMB's Brian Hutchin.

It’s just one part of one regulation in one region that addresses one business practice, but for Stripe, Strong Customer Authentication is a ticket to unlock markets across multiple business types.

Vocalink, a Mastercard unit, is partnering with Saudi Payments, a subsidiary of the Saudi Arabian Monetary Authority to launch real-time payments in the kingdom.

Apple Card has advantages over most banks at the start, but there are things banks can do to fight back, according to Mehmet Sezgin, CEO and founder of myGini.

The rule requires disclosure of exact fees but institutions can estimate pricing under an exception that will expire in 2020. The CFPB is seeking comment to prepare for that deadline.

Intuit Inc.'s QuickBooks is adding next-day ACH payments to its platform as a faster payments option for small businesses using its business management tools.

Financial institutions lack the puzzle pieces for giving their users a good customer experience within their mobile apps, leaving many dissatisfied and looking for a new solution from payment apps and fintechs, contends James Brown, CEO of Smart Communications.

PayPal has had an on-again, off-again relationship with eBay since the company split off as a unit of the e-commerce marketplace more than four years ago.

Web-based key users can have secure access to an online management application from anywhere in the world and can change key access permissions, profiles, schedules and validity, even revoking their use virtually at the click of a button, writes Pip Courcoux, sales and product manager for CLIQ Systems at Abloy UK.

With Wirecard's value tumbling since a Financial Times report two months ago alleging an accounting scandal in its Asian operations — and a followup Wednesday reporting that half of its revenue comes from "three opaque partner companies" — the German payments processor received a lift from a €900 million ($1 billion U.S.) investment from Japan's SoftBank.