Challenger #banks have to battle inertia to persuade people to switch banks. #BankMobile uses partnerships with colleges and universities and T-Mobile to acquire new customers at scale.
Financial Technology
Data privacy regs in Europe provide standards for #banks and #FinTech to share data, with a customer’s consent, so they can offer tailored solutions.
Financial Technology
The number of financial centers ranked by #Z/Yen in London has grown to 100, and Asian cities are #rising.
Financial Technology
Enhancing #supplier #acceptance of card payments continues to be an important lever for growth and expansion of distributed plastic #purchasing #cards (“P-Cards”) and virtual card programs (“ePayables”). New findings from the recent NAPCP and Accenture Supplier Acceptance of P-Card and ePayables Payments Survey highlight industry progress in this area since our 2013 and 2009 survey findings.
In summary, supplier acceptance continues to show signs of improvement:
Source: NAPCP and Accenture
Suppliers have many reasons to take cards and are increasingly handling card acceptance in a more automated manner. Figure 2 documents several key reasons why suppliers accept cards for B2B payments.
Source: NAPCP and Accenture
Looking forward, corporates and their P-Card and ePayables providers should continue working more closely with their suppliers to increase their knowledge of lower acceptance costs available through passing Level 3 line item detail transaction data. Qualifying for larger transaction size rates and assisting suppliers in automating the receipt and reconciliation of payment instructions and remittance data is also necessary.
I invite you to read the full report to find out more about the link between acceptance and payments growth.
For more information on the NAPCP, visit http://www.napcp.org.
The post Supplier acceptance of purchasing cards grows appeared first on Accenture Banking Blog.
With less than a month to go before its #launch, momentum is continuing to build around the anonymous #cryptocurrency #Zcash.
Recent developments around #blockchain in #Washington, DC are setting the stage for even bigger moves in the year ahead.
Investors still want a piece of the #blockchain. #Ripple, the enterprise blockchain startup, today announced that it raised $ 55 million in Series B funding to accelerate customer adoption of its #technology. That brings Ripple’s total funding to $ 93.6 million since its launch in 2012, according to Crunchbase. “I think there’sRead More
Bank Innovation
#Capital One will be the fifth bank to go live with #realtime peer-to-peer payments on the clearXchange #network, it was announced this morning. Capital One 360 customers can currently receive realtime payments from other #banks in the network, which now includes Bank of America, JPMorgan Chase, U.S. Bank, and, most recently,Read More
Bank Innovation
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