Mastercard fast-tracks supplier onboarding, Softbank tests mobile pay blockchain, Why farmers care about currency risk

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September 13, 2018

B2B Payments

Mastercard Track Fast-Tracks Supplier Vetting, Onboarding

It takes an average of 16 friction-filled, often paper-intensive days for a buyer to onboard a supplier. Mastercard and Microsoft have teamed to launch Mastercard Track, a digital platform to fast-track trade between trading partners by streamlining the supplier discovery, vetting and onboarding process. Carlos Menendez, president of enterprise partnerships at Mastercard, and George Zinn, corporate VP and treasurer at Microsoft, tell Karen Webster how buyer-supplier networks will use Track to streamline trade and build trust.

 

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Risk Management

Why Farmers Now Care About Hedging Currency Risk

Farmers — and, by food-chain extension, suppliers and consumers — are facing increased global risks from currency fluctuations that promise to get worse. In a new PYMNTS interview, Karl Schamotta, regional director of risk management solutions at Cambridge Global, discusses how farmers are using new tools to hedge the currency volatility that can ruin their harvests.

 

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Sharing Economy

Airbnb For Work Redefines The Offsite

Airbnb for Work isn’t about lodging for business travelers but monetizing the need that in-town work forces have to get out of the office and into a new environment for meetings. Airbnb for Work's Global Head David Holyoke explains to PYMNTS how Airbnb for Work is redefining the company off-site.

 

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Digital Identity Lifestyle Capsule

NEW DATA: Why Bank Customers Prefer Convenience Over Security

In an age of cyberbreaches and attacks, when it comes to banking services, a new study reports that 64 percent of consumers say they care more about convenience than wading through layers of authentication security when accessing bank apps. The inaugural edition of the Digital Identity Lifestyle Capsule study examines more than 150 data points and sheds new light on the age-old debate over the security/convenience trade-off.

 

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