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HSBC Hong Kong Announces New API For Instant B2B Payments

PYMNTS

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says.

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Visa, FIS boost value-added card services

Payments Dive

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Dive Brief Visa, FIS boost value-added card services The companies say they aim to strengthen tech tools available for smaller financial institutions in issuing cards.

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Bank Of America Launches Business Treasury APIs

PYMNTS

In June, news surfaced that HSBC Hong Kong ’s new API will streamline the payment system for companies down to a one-stop payment center. The offering will allow companies to incorporate the instant electronic Direct Debit Authorisation (eDDA) into their own technologies in addition to real-time fund transfer services.

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Corporate Benefits App Swile Notches $78.7M In Series C

PYMNTS

The company reportedly wants to make its card a one-stop payment service by allowing workers to spend their gift card budgets using their Swile cards. In time, the company could provide additional ways to handle benefits, like helping firms pay for a portion of recurring mass transit payments.

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The Domino Effect Of Corporate Failures, Late Supplier Payments

PYMNTS

The failure of a major conglomerate like Carillion means late (or nonexistent) supplier payments, which can, in turn, force those vendors to close their doors and stop payments to their own suppliers, and so on. Interestingly, according to D&B’s data, B2B payment terms in the U.K. days past due.

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Cannabis Co MedMen Forced To Offer Shares To Vendors Amid Cash Crunch

PYMNTS

We’ve been very forthright with the public, …” he said. “… we stopped payments to certain vendors as would be commonplace in the restructuring of a retailer. Debra Borchardt, the Editor-In-Chief of Green Market Report, interviewed MedMen CEO Adam Bierman about the emails to vendors and asked if they were real. .

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Mastercard’s Master Plan: Give Millennials What They Want

PYMNTS

There is also a lock function that customers can enact to stop payments and avoid unauthorized spending. Assemble,” Cozzo explained, is the B2B name for the platform. Anyone they entrust with their money had better guard it with their lives.

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