Wells Fargo adds new mobile expense management features, Fundbox explains where FICO fails, and TD Bank finds payments fraud concerns rise.
| | | | BUSINESS TO BUSINESS EDITION | | Mastercard: The "Five Factors" Of Biometrics
Ninety-three percent of customers would like to swap passwords for biometric authentication and 92 percent of banks would, too. Thatâs the latest from a brand new study jointly conducted by Mastercard and Oxford University. Mastercardâs President of Global Enterprise Risk and Security, Ajay Bhalla, tells us that making that dream a reality is all about the five factors that underpin our biometric future. We have them here.
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| Healthcare Ailing From Lack Of AR Automation
The biggest shift in the healthcare industry may not be the Affordable Care Act or its potential replacement. Global Healthcare Exchange says an even more disruptive force is the shift towards value-based reimbursement, a change that is shaking up healthcare suppliers' cash flow management abilities. New data from GHX identifies a dire lack of automation in Accounts Receivable (AR) as a major culprit behind these firms' inability to get cash management managed.
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| | Alt-Lending | | Ditching FICO While Finding Another Path To SME Loans
Traditional banks are not the only ones struggling with small business underwriting. According to Fundbox Founder and CEO Eyal Shinar, traditional and alternative lenders alike tend to fall back on the personal FICO credit score to finance a SMB. Shinar tells PYMNTS how that strategy can derail the lending process and explains how Fundbox's newest solution nixes FICO, even for small businesses that are using paper and spreadsheets to manage finances. Read More... |
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