Visa powers instant deposit for QuickBooks users, Senators caution card networks about Libra, Why migrant workers need their own FinServ

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October 9, 2019

Visa Breaking News

Visa, Intuit Launch Instant Deposit For SMBs

Few things ruin a small business more quickly than poor cash flow, which puts a premium on speedy access to funds due. Visa’s Senior Vice President and Global Head of Visa Direct Bill Sheley and Intuit’s Head of Product Strategy, Partnership and Marketing Rishav Chopra talk with Karen Webster about how today’s launch of Instant Deposit will enable quick payments to business owners via QuickBooks and Visa Direct’s real-time push payment rails.

 

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AP Friction

Getting Invoices Off The CEO’s Desk, Approved — And Paid

Micromanaging invoices means that payables processes are anything but efficient — and ripple effects hit up and down the supply chain. Matt Clark, president and chief operating officer of Corcentric, tells Karen Webster that digitizing everything from instructions to authorization to, yes, payments, frees up the logjams and gets vendors and suppliers paid on time. Here’s the how and why.

 

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Gig Economy

How The MENA Gig Economy Provides Global Lessons

Payments and marketplace tech are changing the gig economy everywhere. Rakan Al Hassan — operations, marketplace and talent director at Ureed, a company with a focus on the MENA region that matches freelance writers and translators — gives PYMNTS a global view of the gig workforce, and the questions that payments players will face as the digital economy expands.

 

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Financial Services

Why Migrant Workers Need Their Own Financial Services

Migrant workers comprise 17 percent of the U.S. labor force, but 51 percent of the country’s unbanked and underbanked population. MAJORITY Founder and CEO Magnus Larsson tells PYMNTS that securing services — or even knowing where to look — is difficult and expensive. It’s an experience he encountered when moving to the U.S., and why he founded the company. Here’s that story.

 

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Global Recurring Payments Tracker™

Subscription Payments Meet Emerging Markets

Cloud-based software subscriptions are highly desired in emerging markets, but consumers can still be hard to serve since access to traditional payment methods isn't always available. Tunio Zafer, CEO of cloud storage provider pCloud, explains how subscription businesses can localize payments to effectively engage and retain customers worldwide — even in undeveloped markets. It’s all here in this month’s Global Recurring Payments Tracker.

 

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Bridging Instant Payments’ Perception/Reality Gap


 

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