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Private sector job growth slowed in May, declining to the lowest level seen in two years, ADP said Wednesday (June 4).
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The private sector added 37,000 jobs during the month, a figure that was down from the revised total of 60,000 jobs added in April and the lowest level of gains since March 2023, the human resources (HR) and payroll solution provider said in a Wednesday...
BVNK and LianLian Global partnered to enable merchants to use major stablecoins to fund cross-border transactions.
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This capability reduces settlement times from days to minutes and is especially valuable to businesses operating in regions in which traditional banking rails have limitations or cause delays, the companies said in a Wednesday (June 4) press release.
The...
Mastercard and PayPal have partnered to co-develop features using Mastercard’s One Credential, a solution that enables consumers to use a single credential when shopping online or in-store.
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The companies aim to use this solution to give consumers more choice and control over how they pay at checkout, allowing them to access multiple payment options, they said in a...
For CFOs, the work never stops. And when it comes to mergers and acquisitions, that can often be when the work picks up.
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After all, the less publicized but most mission-critical facet of many deals is the post-merger integration (PMI) of freshly inherited vendor and supplier relationships. It’s not just about cost savings, though that is part of the equation, but about...
Temasek, which is Singapore’s state-owned investment group and one of the world’s biggest investors, reportedly slashed its investments in early-stage companies by 88% over a three-year period.
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The group’s investments in these companies dropped from $4.4 billion in 2021 to $509 million in 2024 as it shifted its focus to more conservative investments, the Financial Times...
Millions of bank credentials have been exposed by the recent Coinbase hack, and they’re available on the dark web. Elsewhere, millions of neobank accounts lay dormant, and can act as havens for fraudsters.
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For financial institutions and merchants, the challenge lies in validating bank accounts, and the holders of those accounts, to make sure that funds don’t disappear...
PYMNTS Intelligence’s research indicates that pay by bank is poised for a wider embrace in the United States.
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In research conducted jointly with Trustly, consumer surveys show that interest in using pay-by-bank options increases markedly with younger generations and when incentives such as discounts are added to the mix. In fact, interest leaps by 72% when pay-by-bank...
For too long, disbursements have been treated as transactional endpoints — money out, job done. But a growing number of banks are starting to see them differently: not as the end of a process, but the start of a relationship.
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At the center of this shift is a powerful new strategy — virtual accounts. More than just a modern payment tool, virtual accounts give banks the...
The global real-time payments landscape is advancing. Banks, platforms and retailers are launching new capabilities that make instant settlement a reality for businesses and consumers.
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An innovation from Truist Financial Corporation pioneers the use of alias-based bill payment using The Clearing House’s RTP® network. By leveraging the Request for Payment (RfP) feature,...
As digital expectations rise, banks are under pressure to provide seamless, instant and flexible payment experiences. Customers—whether individuals or businesses—expect to send money anywhere, anytime, with minimal friction and at maximum speed. However, behind the scenes, banks frequently struggle with a complex web of payment rails, including real-time networks, automated clearing house (ACH),...