Phishing scam uses Square name, FinServ works out faster payments best practices, and Barclays explores corporate card evolution.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

July 312018

       BUSINESS TO BUSINESS EDITION

FX

SMBs’ FX Woes Thrown Back In The Spotlight By Amex Allegations

Allegations that American Express secretly hiked currency conversion rates for small businesses (SMBs) have shed a light on SMBs' FX struggles. Research suggests banks lack transparency in their FX fee structures, while many small businesses fail to look into their existing agreements — or hedge against FX risk at all.

 

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Payroll

Payroll Cards No Longer Just For Low-Wage, Underbanked Employees

The payroll industry may assume that employees choose payroll cards because they have no other option; the tools have a reputation as an expensive tool for underbanked, low-wage workers. Not so, says a new report from the Center for Financial Services Innovation, and providers have an opportunity to enhance the technology as new users get on board.

 

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Faster Payments Tracker™

TRENDING: Real-Time Payments Networks — For Real In Retail?

Retailers say that card processing fees take a bite out of sales. Then why not, says Marion King, director of payments at NatWest, remove card rails and replace them with new, real-time payment rails? In this month's Faster Payments Tracker, King says using new real-time rails to transfer funds directly from a consumer's bank account into a merchant's account speeds up settlements, and lowers costs — provided they do all the things that card rails do now. That interview and more details, inside the Tracker.

 

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What's Hot


Phishing Scam Masquerades As Square To Target Businesses


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Fundera Says Mixing Personal, Business Expenses All-Too-Common


Experian Invests $28M In FinTech Lender C88


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