PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

Currencies 70

Currencies Banking Retail Securities 70

PYMNTS

MAY 29, 2019

trading partners, only nine need further scrutiny because of their currency practices. Reuters reported that the account surplus threshold is now 2 percent of GDP, down from 3 percent. Reuters noted that report in October didn’t name China or any trading partner as a currency manipulator. trade deficit.

Currencies 75

Currencies Treasury Accounting Banking 75

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Currencies 57

Currencies Banking Retail Accounting 57

PYMNTS

AUGUST 2, 2019

To let consumers spend the value of their digital currency, instant crypto loan company Nexo is rolling out a cryptocurrency credit card that is Mastercard-branded. According to the company’s website , “Your Loan limit is based on the market value of the crypto assets in your Nexo Account. dollar, the British coin and the Euro.

Currencies 70

Currencies Accounting Planning Marketing 70

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. Bitcoin is not a currency, it rather is an asset and it is very volatile,” Central Bank officials wrote, quoting Chief Economist Philip Lane. The company debuted the card in the U.K.

Currencies 61

Currencies Banking Investments Accounting 61

PYMNTS

JUNE 15, 2020

Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. Revolut was in the process of growing its digital currency offering in recent times and came into the American market this spring.

Currencies 64

Currencies Banking Finance Accounting 64

PYMNTS

AUGUST 3, 2020

On Friday (July 31), the company opened a new concept store in Shenzhen, China, which is an important market for the brand. The store marks a new chapter in retail technology, social retail and social currency all at the same time. The Burberry-Tencent venture could be the most high-profile use of social currency in retail.

Currencies 50

Currencies Retail eCommerce Accounting 50

PYMNTS

JUNE 8, 2020

Authorities in China have reportedly frozen bank accounts due to digital currency and fiat assets allegedly contaminated by illicit actions, CoinDesk reported. The report noted that the impacted digital currency users aren’t necessarily accused of doing anything wrong.

Accounting 53

Accounting Currencies Securities Banking 53

PYMNTS

DECEMBER 6, 2016

The website, which was presented at this year’s Disrupt London hackathon, also has virtual currency that kids can use to purchase things on their lists. Known as veecee, the virtual currency can be used only after two adults authorize the transaction, giving parents more control over how kids spend the virtual currency.

Currencies 61

Currencies Startups Accounting Marketing 61

Barry Ritholtz

OCTOBER 20, 2023

To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes. That compensation is in a currency that is a widely accepted medium of exchange. 5 Currency like the U.S. 5 Currency like the U.S. You get paid in dollars.

Investments 135

Investments Math Currencies Transportation 135

PYMNTS

JANUARY 24, 2021

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. The card will be linked to bitcoin and fiat accounts, and will be one of Mastercard's premium accounts, able to be used anywhere globally, CEO Chris Slaughter said, according to the report.

Marketing 93

Marketing Currencies Economics Accounting 93

PYMNTS

SEPTEMBER 17, 2020

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. NexusPayments Tackles Real Estate Supplier Adoption. Versapay Eases Payment Pain With AR Tool.

B2B 92

B2B Vendor Management Marketing Accounts Payable 92

Future CFO

JULY 26, 2022

At the same time, the plunge in US dollar bond issuance from Chinese developers is reshaping the composition of the Asian high-yield market, the firm noted. In addition, 45% ($52 billion) of the total maturities are USD denominated and the rest of the maturities are generally in local currencies, predominantly RMB, Moody’s observed.

Marketing 52

Marketing Currencies Numbers Accounting 52

PYMNTS

JULY 28, 2020

Domestic Seller Currencies. dollars, but the practice can be inconvenient for sellers in many international markets. Those that do not receive their payments in local currencies must often wait longer for funds to settle in their accounts, as banks can take up to two days to make cross-currency payments available.

Marketing 63

Marketing Currencies eCommerce Compliance 63

PYMNTS

NOVEMBER 26, 2019

Accounts payable (AP) automation is beneficial, and even necessary, for many businesses still bogged down by paper. Part of that journey includes a focus on vendors’ accounts receivable (AR) challenges, which is crucial to finding success with newly-implemented AP tools. Tipalti Collaborates To Ease Vendor Acceptance.

Accounting 64

Accounting Accounts Payable B2B Reconciliations 64

PYMNTS

JUNE 24, 2020

Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts. In other news, the oldest central bank globally, Riksbank of Sweden, has examined the feasibility of central bank digital currencies (CBDC) and found the pros and cons between different models, CoinDesk reported.

Currencies 67

Currencies Banking Investments Economics 67

PYMNTS

JUNE 1, 2020

million to settle a class action lawsuit regarding its decision in 2018 to start considering digital currency buys as cash advances, which brought about increased fees, Reuters reported. In other news, Travala.com , the digital currency travel platform, saw a 45.8 Morgan Chase will pay $2.5

Currencies 52

Currencies Banking Numbers Accounting 52

CFO News Room

JANUARY 21, 2023

By the end of 2021, it was clear that this bout of inflation was not as transient a phenomenon as some had made it out to be, and the big question leading in 2022, for investors and markets, is how inflation will play out during the year, and beyond, and the consequences for stocks, bonds and currencies.

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Treasury Currencies Numbers Investments 130

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

PYMNTS

SEPTEMBER 25, 2019

Cloud-based finance software Bill.com can now facilitate international payments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept. But businesses need a partner that can help them manage the complexities that come with processing multi-currency invoices and making payments in local currencies.

Currencies 40

Currencies Accounts Payable Valuation Invoicing 40

PYMNTS

JUNE 27, 2018

Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk. Corporates should be proactively looking at currency risk,” added Frey. Even if a business only deals in USD, fluctuations of other currencies create risk.

Currencies 53

Currencies Foreign Exchange Risk Management Profit and Loss 53

PYMNTS

OCTOBER 26, 2018

As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing a digital currency. If the marginalisation of cash continues a digital krona, an e-krona, could ensure that the general public still has access to a state-guaranteed means of payment,” the Riksbank said. “If

Currencies 49

Currencies Banking Accounting Marketing 49

PYMNTS

OCTOBER 11, 2018

CipherTrace noted in a report that digital currency theft has nearly topped $1 billion over the first three quarters of the year at $927 million, Reuters reported. The organization noted that digital currencies are not an effective store of value, unit of account or payment means.

Currencies 73

Currencies Startups Forecasting Banking 73

Simply Treasury

JUNE 3, 2021

Delay in FX hedging, accounting treatment. The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

PYMNTS

SEPTEMBER 5, 2019

“Consumer card spending is higher, but every year spending generated by commercial credit and debit cards used by employees of private companies, government agencies, and nonprofit organizations accounts for a larger component of overall card spending,” said David Robertson, publisher of The Nilson Report. Visa ’s commercial card was 43.2

Marketing 75

Marketing Nonprofit Currencies Accounting 75

PYMNTS

SEPTEMBER 24, 2019

San Mateo accounts payable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures. The FinTech accounting firm will use the series D funds to grow the platform and its artificial intelligence (AI) tools that can read, process, pay and track invoices. . The startup targets mid-market firms.

Accounts Payable 49

Accounts Payable Startups Accounting Invoicing 49

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

MAY 9, 2019

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process. The Limitations Of Manual Labor.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

PYMNTS

MAY 4, 2017

On Tuesday, Dubai FinTech company OneGram announced it would offer a gold-backed digital currency called OneGramCoin with the hopes of raising over $500 million in capital. Backing OGC with gold is an interesting solution to quell the volatility and capricious nature (and reputation) of other digital currencies on the market today.

Currencies 41

Currencies Finance Retail Sales 41

PYMNTS

JUNE 20, 2019

Facebook’s Libra cryptocurrency and Calibra digital wallet won’t be available in certain markets. billion people around the world who currently do not have a bank account. India, Facebook’s biggest market, is reportedly among the list of countries where Calibra will not launch, as well as China, North Korea and Iran.

Marketing 43

Marketing Currencies Planning Numbers 43

PYMNTS

SEPTEMBER 30, 2019

Digital banks, alt credit providers and digital wallet providers may not be thinking about cards as of late 2019, but they are thinking about how to scale their solutions beyond their domestic markets — how to make them interoperable on a global stage. So today (Sept. 30), the card network announced just such a FinTech partnership.

Marketing 84

Marketing Banking Budgeting Currencies 84

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

Treasury 129

Treasury Currencies Benchmarking Cash Management 129

PYMNTS

FEBRUARY 19, 2019

based cash application and accounts receivable solutions provider, said the issue of late payments is not necessarily surprising, considering the long-standing tradition of holding onto cash as long as possible and, therefore, delaying payments to suppliers. Rimilia , a U.K.-based As Rimilia expands into the U.S.,

Accounting 75

Accounting Cash Management B2B Invoicing 75

PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro.

Marketing 71

Marketing Currencies Startups Education 71

PYMNTS

AUGUST 19, 2016

Russia’s love-hate relationship with digital currency continues. Now, Russia has overcome its fears and has opened the first digital currency exchange. The new exchange will provide 24/7 currency exchange services and, according to News BTC , the Russian exchange is an actual office. In the first half of 2016, 7.8 Regulation.

Currencies 44

Currencies eCommerce Technology Startups 44

PYMNTS

OCTOBER 7, 2020

7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We Oracle Banking Payments announced Wednesday (Oct. The subsidiary of Oracle Corp. is an IT solution provider to the financial services industry.

Currencies 145

Currencies Banking Accounting Securities 145

PYMNTS

AUGUST 2, 2019

The greenback and the hard currencies of developed economies (think Great Britain, Germany or Japan) take center stage and the lion’s share of headlines about currency movements. But consider the fact that trade is global, and that, increasingly, supply chains are global too.

B2B 41

B2B Marketing Foreign Exchange Currencies 41