How Card Issuers Can Stay Competitive In The Post-Pandemic World
As consumers have been hit hard by the economic effects of the COVID-19 pandemic, card issuers have seen a sharp impact to their business. In the immediate aftermath of the pandemic that pushed workers into indefinite furloughs and unemployment, credit card transaction volumes plunged by 30 percent. A small bit of good news, Elan’s Senior Vice President of Strategy Jeff … Continue reading How Card Issuers Can Stay Competitive In The Post-Pandemic World Continue Reading
Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners, a press release states. There was also additional funding contributed by AXA Venture Partners. The company says it has undergone considerable growth, going from 50 to over 200 employees within the past year. The software utilizes real-time data analytics and real-time … 
The COVID-19 pandemic may have shifted shopping and food delivery patterns, but it has not changed the basic requirements for freelancers looking to find work. Companies still need to find and quickly verify workers and their skills, and freelancers must make sure employers are trustworthy as well. These workers also want to be paid via … 
Cash is king, and today, cash flow management is an imperative function for large corporations and small businesses — many of which continue to struggle with the market volatility and business disruption caused by the COVID-19 pandemic. While optimizing back-office functions like accounts payable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration … 
The pandemic is setting the stage to change just about every aspect of running a business. With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for … 
The COVID-19 pandemic has upended the way businesses and government agencies verify their customers’, clients’ and citizens’ identities. Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. This is fueling a wave of interest and … 
Mobile banking has rapidly grown to become a major force in finance. Mobile onboarding, however, is more like a force of nature at the moment. Without safeguards, it’s risky. And with the surge in online bill pay, online shopping, online entertainment — online everything after COVID-19 — digital platforms are swarming with traffic. But not … 
Another 1.5 million Americans applied for unemployment benefits over the past week, bringing the total jobs lost since the pandemic began to more than 44 million — or some 28 percent of the nation’s workforce. For the week ending June 6, seasonally adjusted initial unemployment claims were 1.5 million. However, that’s down from 355,000 from the previous week’s revised level. Mark … 
Cross-border payments are immense, clocking in at $29 trillion in 2019 and projected to balloon to an estimated $39 trillion in the next two years. Moving that money securely and swiftly is another matter, however, as pandemic-induced chaos continues to roil markets and embolden hackers. The familiar difficulties of cross-border payments – fees, currencies, funds trapped … 
Lowe’s Companies, Inc. opened its inaugural phase of grant applications to offer relief to minority-owned businesses as part of its $25 million commitment announced in the past. The effort comes at a time when small companies work to stay in business and pay their workers amid the economic damage that the coronavirus caused, according to an announcement. …