What’s ahead for B2B payments in 2018, Mastercard looks back at payments in 2017, and Barclays expects big US tax charge.
| | | | BUSINESS TO BUSINESS EDITION | | Mastercardâs Miebach On 2017âs Big Payments Breakthroughs
If past is prologue, then before we look ahead to 2018, Mastercardâs chief product officer, Michael Miebach, says itâs wise to take stock of the important milestones that drove payments innovation over the last 12 months. Top of Miebachâs list? Acquisitions, APIs and AI. And, the one thing that he says set the stage in 2017 for the new consumer and business payments experiences that will pave the way for the next year of payments innovation milestones.
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| B2B FinTechs Diversify Investment Sources Going Into 2018
Analysts are expecting a lucrative year for FinTech companies in 2018, with estimates that U.S. FinTechs will secure $4.7 billion from investors of all kinds in the new year. Venture capitalists will, of course, be a part of that trend. But B2B FinTechs seem to be diversifying their financing sources these days, especially as ICOs become more popular. This weekâs B2B venture capital roundup â the last of the year â reflects this trend of investment in the space stemming from more than VC funds.
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| | B2B Payments | | Paper Checks Continue To Steal The B2B Payments Spotlight
2017 was a huge year for B2B payments innovation. Next year, industry players like Visa will expand their B2B payments services, movements like open banking will address key pain points of the industry, and disruptive technologies like blockchain will experiment with faster, more efficient corporate transactions. But for some, B2B payments progress in 2018 still comes down to one simple thing: getting businesses off paper checks, and on-boarded to electronic payments. Read More... |
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