Hyperledger adds new members, Virgin Money releases stats on SMB bank initiative, and the India bank fraud scandal hits trade finance.
| | | | BUSINESS TO BUSINESS EDITION | | Visa Expands Visa Everywhere In three years, the Visa Everywhere Initiative has gone from a âmini-projectâ to seeing more than 2,200 innovators across five continents and 40 countries vie for the chance to use payments to solve some of the worldâs biggest business problems. Visaâs SVP and global head of innovation and go-to-market, Shiv Singh, told Karen Webster that this yearâs program will include Russia, and will match country-specific challenges with teams committed to taking commerce everywhere. |
| Security Concerns, Government Initiatives Show Blockchain Is Stuck In Testing Phase Analysts widely expected blockchain to evolve from testing phase to implementation in 2018. Not so fast, say KPMG analysts, and this weekâs Blockchain Tracker suggests KPMG may be right. Security concerns and a continued focus on collaborative consortia signal blockchain is stuck in the experimentation phase. Governments are moving to support innovation, but tangible, real-world impacts remain further on the horizon. |
| | T&E | | The Key To Changing Employee Travel Booking Behavior? Donât Fight It Ask any manager, and theyâll tell you: Changing employee behavior is one of the most difficult challenges to overcome. Itâs why paper checks persist in B2B payments, why Excel spreadsheets remain so popular and why business travelers will stick to their consumer habits when booking and paying for a business trip. Daniel Senyard, CEO of small business travel firm Complai, tells PYMNTS the key strategy is to work with employee behavior, not against it, to control spend. |
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