Visa and Marqeta partner to transform instant global issuance, Amazon Business releases new stats, and UniCredit joins EBA Clearing’s real-time payments platform.
| | | | BUSINESS TO BUSINESS EDITION | | Procurement, Finance Teams Are Not On The Same Page
The B2B FinTech world hears it time and time again: eProcurement is evolving into a strategic part of the enterprise and can, in theory, generate savings with a significant bottom-line impact. New research from Protiviti, though, says very little of those savings are actually getting to the bottom line, and uncovers a gap in how procurement and finance teams perceive the ability of procurement to positively affect cash flow. Bernie Donachie, managing director and leader of Protiviti's supply chain practice, tells PYMNTS why this lack of communication about what the enterprise does with procurement savings can throw the whole business's cash strategy out of line.
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| OCC Defines Top Threats To Banks This Season
The U.S. Treasuryâs Office of the Comptroller of the Currency has again published a report on the top threats faced by the nationâs banks. In its Spring 2017 analysis, there are the usual suspects â compliance and credit risk, for instance â but also a few emerging trends that call into question banksâ growing cooperation with, and reliance on, third-party FinTechs.
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| | Breaking News | | Visa And Marqeta To Transform Global Card Issuance
Visa and Marqeta announced a global partnership today that puts instant card issuance closer to the customer and expands the use cases for physical, virtual and tokenized accounts. Marqeta CEO Jason Gardner tells Karen Webster that its tech and âJust In Timeâ funding protocols gives businesses the tools they need to issue accounts, control authorization and get up and running with a card program in a matter of days. And to do that now on a global scale with the Visa partnership and investment. Details inside. Read More... |
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