Online fraud drops by a third, Android founder debuts new phone and home speaker, Mobile pay tops $5.5T in China.

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May 31, 2017

SMB

The 'Holy Grail' Of Small Biz Cash Flow
 

Small businesses may be plentiful in the U.S. — making up about 95% of all companies — but their lifespan is fleeting and the culprit is cash flow management. Wave CEO Kirk Simpson told Karen Webster that banks, part-time bookkeepers or even third-party apps and FinTechs can't get small business cash flow on track. But, he said, there is one thing that can.

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Banks

Debit, ATMs and the New Age of Bank Branches
 

Banks are evolving — but into what, exactly, can be anyone’s guess, amid FinTech and the demands of younger consumers (we’re looking at you, Millennials). Troy Cullen, president of Elan Financial, weighed in on how banks can gain customer loyalty — and the role of ATMs in getting them there.
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The Matchmaker Is In

Paintzen’s Platform Paint Job
 

Finding a qualified painter was a pain point that Paintzen’s co-founder and COO, Justin Geller, set out to solve for when his cleaning platform wanted to expand to a new vertical. In this week’s Matchmaker Is In, Geller explains how Paintzen’s platform went from a crude pilot in 2013 to a “real business” 4 years later, now driving 85 percent of the sales for the platform's painters.

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Global Fraud Index™

NEW REPORT: Online Fraud Falls 34.7 Percent
 

Chalk Q1 up for the good guys – finally. According to the Global Fraud Index™, a PYMNTS and Signifyd collaboration, fraud is dropping – down 34.7 percent from Q1 2016 to Q1 2017. But, of course, the battle is far from over. Despite the decline, eCommerce merchants are still estimated to lose $48.2 billion in sales to fraud in 2017. For all of the details, including sector analysis and a U.S. deep dive, check out the Index. 2,500 data points can’t be wrong.

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Best of Yesterday 


Paysafe CEO: Risk Is The Tie That Binds Online Payments


Can Banks Turn SMBs’ Cash Flow Nightmares Into Dreams Of Success?


 
 

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