Lyft, Uber top employee expenses, HK Faster Payment Service hit by fraud claims, and the OCC is sued again over its bank charter plans
| | | | BUSINESS TO BUSINESS EDITION | | B2B Payments Fraud Tracker |
| Govt Eyes BEC, Govt Slammed By BEC Even as the SEC wants companies to be vigilant about cybersecurity, BEC claims new victims â among them, D.C. government officials. Elsewhere, a trio of the most-wanted fraud suspects has gone missing, and regulators in Asia want the public's help in tracking them down. |
| Small Business FinTech Takes Center Stage With VCs This week, B2B venture capitalists were all about small and medium-sized businesses (SMBs) and addressing the many points of friction they face in managing finances, from banking to cross-border payments. With only a few million dollars in combined funding, it certainly wasn't the most lucrative week for B2B FinTech firms. However, the variety and global reach of recent SMB FinTech investments offer a bright spot in an otherwise quiet moment for B2B venture capital. |
| | Corporate Banking | | Moving Data With Money The Key To Faster KYC: identitii Money isn't the only valuable asset of a transaction. In corporate treasury, moving data is becoming a critical part of payments â in some cases, as important as moving the money itself. That's because banks and businesses need information to settle transactions and manage KYC compliance, Nick Armstrong, CEO of identitii, tells PYMNTS â and existing rails like ACH aren't up to the task. |
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