Mastercard launches Accelerate, Coinbase contemplates banking license, The gig economy’s $1.2 trillion payments potential.

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

May 21, 2018

The Monday Conversation

Flywire CEO On The Global Receivables Tipping Point

Turning the “daunting burden” facing any firm suddenly finding worldwide demand for their products into a massive opportunity to grow and scale, Flywire CEO Mike Massaro told Karen Webster, is only as good as the ability to be paid quickly and cleanly by these newfound buyers. And that, Massaro said, starts with sending them an invoice that makes getting paid an easy, end-to-end experience for both parties.

 

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Financial Wellness

Unifund: Financial Wellness Begins With An 'L'

Unemployment rates are down and income levels are up — so why are credit card delinquencies near an eight-year high? Unifund’s VP of legal services, Steve Ashbacher, says today’s consumers lack the financial literacy baseline that would help them to build healthy financial habits and avoid bad habit-forming credit traps. The good news is that could be on the brink of change. Here’s how.

 

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Topic TBD

KWIPPED: How One B2B Marketplace Changed the Industrial Leasing Game

Robert Preville, founder and CEO of KWIPPED, which enables rentals and leasing of specialized equipment, explains how digital and standardization can lead to more revenue for suppliers who once did business another way. The latest installment of the Topic TBD podcast series looks at whether the so-called sharing economy can apply to the gear vital to such operations, such as labs, oil rigs, doctors’ offices and farms.

 

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Gig Economy

The Gig Economy’s $1.2T Digital Payments Potential

The gig economy includes about 35 percent of the workforce — on its way to 50 percent, some say, in just the next two years. Karen Webster says the tailwinds that will fuel this growth are the gig economy’s “long tail” and marketplaces that aggregate specialized workers like nurses, lab techs, computer scientists, teachers and even lawyers, CFOs and architects. For digital payments players to cash in on the $1.2T digital payments opportunity that they’re missing today, Webster said they might want to pay heed to the entrepreneur who invented the gig worker concept some 72 years ago.

 

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