Payments

So far, mostly larger businesses are embracing digital payments, says Avidxchange's Cameron White.

Figure Technologies, the blockchain-based startup co-founded by Mike Cagney, is closing its latest funding round that values the company at $3.2 billion.

The money transfer company is working with Coinme to provide a way for bitcoin users to access their profits — or cut their losses.

The concept amplifies spending visibility from the center of the business way out to its edges, creating more transparency.

DailyPay has raised $500 million and is adding Carrick Capital Partners to its board of directors as it seeks to expand beyond earned wage access.

HSBC has extended its instant cross-border payments network to small and midsize businesses through a digital wallet built for storing and spending foreign currency.

The Amsterdam bank offers to directly credit a small business's invoices early after a vetting process — but before the invoice is paid.

The company, which operates private-label and cobranded credit card and loyalty programs, plans to spin off its loyalty operations this year to improve ADS' financial performance.

Digital payments can cut costs, errors and other tasks that would be prohibitive on their own, says Kofax's Lindsay Pinkos.

A Federal Reserve proposal that would require banks to give merchants more choices in routing certain debit transactions could be a prelude to a more consequential change: a lower cap on interchange fees for banks with more than $10 billion of assets.