RBS to spend $1B to help SMEs switch banks, US Congressman sends letter to alternative SME lenders, and FINSYNC explores the link between data and faster B2B payments.
| | | | BUSINESS TO BUSINESS EDITION | | WeWork Lands $500M With Big Plans For China
It may be slow on the B2B venture capital front, with just $31.5 million in funding for some pretty niche enterprise service providers. But thanks to WeWork, non-VC investors have shown a spotlight on the B2B space â the startup has announced half a billion dollars in equity financing. We dive into all the plans WeWork has for that cash, and break down the rest of the investment rounds of the week.
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| Mastercard Gets Vocal on VocaLink, Kroger, Masterpass
Mastercard CEO Ajay Banga told investors yesterday that Mastercard in Q2 got a big boost from cross-border spending, along with the global embrace of bank account to bank account transactions that play into VocaLinkâs hand as disbursements take center stage. Banga also said that âdigital by defaultâ expanded the roster of Masterpass-enabled customers â which next year will include Krogerâs co-branded card portfolio. Details.
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| | Cash Flow Management | | How Data And Payment Rail Choice Fuel Faster Supplier Cash Flow
Same Day ACH is on the way, but analysts still arenât sure how much of an impact it will have in the B2B world. According to FINSYNC COO Anna Maiolo, access to financial data is critical to accelerating the underwriting process for ACH, which, in turn, accelerates fundsâ ability to land in supplier accounts. She explores with PYMNTS the link between payment rail choice, financial data and faster cash flow. Read More... |
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