Gdjd Farfetch, Now Matches: Investors Look for Deals Amid Luxury eCommerce Sites

WSFS Bank has launched a digital electronic payables tool that gives its commercial banking customers integrated accounts payable AP capabilities.The tool will replace paper-based processes and allow customers to streamline payments through a singl stanley cup uk e digital platform, the Wilmington, Delaware-based bank said in a Thursday Oct. 28 press release. Delivering the right technology continues to be at the forefront of what we provide our Customers so they can focus less on administrative tasks, such as payments, and more on their customers, said Ray Abbott, SVP, head of cash management at WSFS Bank. Processing checks is expensive and has the potential for errors and a higher risk of fraud. Our Integr stanley cup ated Payables Solution helps solve these concerns in one streamlined resource. The payables solution lets businesses streamline the AP process and execute payments as checks, ACH, wire transactions or virtual cards. WSFS says it will let customers boost revenue by converting check transactions to card transactions, as customers are eligible for a monthly rebate. It can also reduce processing costs and labor associated with checks and prevent fraud. With multiple payment options, businesse stanley italy s can provide their customers more clarity and control in managing their payments, improving the overall customer experience, the release said. The new digital Integrated Payables Solution allows WSFS Bank Customers greater control and transparency in managing their payments and translates to an o Jqyh Preparing For The Unknown With Artificial Intelligence And Machine Learning

FINO PayTech, the India-based alternative finance firm, wants to grab one more investing round before launching its payments bank in the next six months, NDTV reported on Monday Aug. 1 .The firm is fresh off a transaction where BPCL acquired a 21聽percent stake in the payments firm, marking a first for the sector as the first direct stake taken by an oil marketing firm in a payments bank, according to the outlet. Traditionally, telecom and other tech outfits have made investments. That transaction was worth Rs. 250 crore, according to various news outlets.FINO CEO聽Rishi Gupta stated: We will have at least one more stake sale, after which we will proceed ahead to launching the bank, and thus far, there has been no disclosure of just how big such an investment might be or where its source might lie. One option might be taking funding from a non-investment firm.NDTV stated that firms in the space have been gaining investments in an effort stanley us to reduce foreign holdings of equity, which has been done through stake stanley quencher sales. FINO holders include IFC, HAV3 Holdings and The Blackstone Group.Strategically speaking, FINO is eyeing the non-digital customer for its payments bank operations. The CEO told the outlet that conduits to new payments business will come amid BPCL web of retail outlets, with gas distribution businesses. Subsidies from the latter operations are deposited direct stanley quencher ly into bank accounts.