Visa joins Phixius pilot for B2B payment data exchange, NuoDB on FIs’ multi-cloud payment process strategies, and Ascendant FX Capital joins SWIFT’s gpi
| | BUSINESS-TO-BUSINESS EDITION | Banks Brace For Wave Of Corporate Credit Calamities Banks are setting aside billions of dollars to cover possible credit losses as the pandemic continues. Consumers, grappling with unemployment, are at risk of default, but so are millions of smaller firms that populate Main Street â and are struggling to reopen. Hereâs what might happen as SMB owners tap into personal funds to try to keep operations afloat and outlast the ravages of COVID-19. |
Corporate Cards Find Their Niche In B2B Use Cases With a number of launches, B2B FinTechs are finding their niche for the corporate card. This weekâs look at commercial card innovation finds new applications for transportation providers, small businesses and corporations looking for discounts and spend control. |
| Payment Processes | Why FIs Are Taking Payments Multi-Cloud For financial institutions using legacy systems, the thought of migrating payment processes to the cloud â let alone multiple clouds â can seem like an overwhelming task. Itâs a digitization journey wrought with potential pitfalls that can saddle organizations with what NuoDB Chief Technology Officer Ariff Kassam describes as âtechnical debt.â But he tells PYMNTS how firms can overcome the challenges to realize the value of a multi-cloud environment. | | |
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