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Financial institutions are looking to build out their offerings for corporate customers wit stanley quencher h a range of FinTech integrations. This weeks examination of the latest FinServ partnerships finds a focus on corporate card, liquidity management, and commercial lending products as banks seek efficiencies in third-party integrations.Virgin Money Builds Out Business Banking With Trade LedgerVirgin Money continues to ready its infrastructure to take on the business banking competitive landscape and has just en stanley cup listed the help of Trade Ledger to bolster its offering. The companies recently announced their partnership, which will see Trade Ledger integrating its Lending-as-a-Service platform to accelerate and improve business lending workflows for the end-user. Their collaboration will initially focus on Virgin Moneys Working Capital Health offering to connect firms to term loans, invoice finance and asset finance products. Our FinTech partners are allowing us to create something completely new for businesses, and lending is an important part of the conversation, said the financial institutions Group Business Director Gavin Opperman in a statement.Pacific Western Bank Pairs For Virtual Card OfferingPacific Western Bank PWB has tapped Extend t stanley us o roll out its virtual commercial credit card. The bank is debuting its Virtual Mastercard commercial card product, the PWB Virtual Card, though its announcement did not reveal exactly how Extends technology is being used to make the solution a real Rysw GoExpedi Closes $25M Funding Round Led By Top Tier
Wendy is looking to payments as a way to pull customers in and ke stanley website ep them returning. The fast-food chain is installing a standardized point-of-sale system in more than 2,600 locations to use as a mobile marketing platform, Mobile Commerce Daily reported.The stanley quencher com stanley france mon POS system, which is already installed in virtually all 957 company-owned locations, should be live in all 2,600 of the chain North American stores by the end of 2016. That system will support mobile rewards and mobile ordering, as well as the CurrentC mobile payments that Wendy will begin testing later this year.Wendy is also in the process of refranchising 500 of those company-owned stores. Executives said on the Q4 earnings call that by mid-2016 the chain wants to own just 5 percent of its 6,500 stores, according to Nation Restaurant News.Getting a standardized POS system is especially challenging for chains that have a large proportion of franchisees. Chains can dictate specific equipment as part of their franchise agreements, but from the point of view of franchise store owners, those new PIN pads and the extra-cost processing services they require are often viewed as a cost with no benefit for the franchisee.But that may not be the case for Wendy new standardized POS, which is already supporting mobile ordering in seven locations in Columbus, Ohio, with the Phoenix market set for a rollout by the end of February. Meanwhile, nine markets are testing a loyalty progr
Wfze Ramp Closes $300M Series C At $3.9B Valuation
Cambridge Global Payments and Steamchain Corp., with their newly announced partnership, will aim to streamline sending and receiving payments for global shipping and logistics, a press release says.Cambridge provides cross-border solutions and currency risk management.Steamchain, meanwhile, is a tech platform working on cutting costs for currency conversion, currency fluctuation risk and burdensome document flows, the press release says. We see a unique opportunity to partner with Steamchain and their forward-thinking payments technology, said Don Banowetz, vice president of enterprise sales at Cambridge Global Payments. This partnership delivers a unique offering for the shipping and logistics industry to leverage Cambridges comprehensive globally delivery c stanley us apabilities alongside S stanley termosky teamchain stanley germany s innovative platform to move money around the world fast and efficiently. Dan Biggs, CEO of Steamchain Corp., said the company was excited to partner with Cambridge Global Payments as it aspires to bring reduced costs to any company conducting international commerce by simplifying the process of sending or receiving cross-border payments, with a cost effective, fast and smart solution, the release says.Global B2B trade can be a thorny thing, with numerous cross-border rules and regulations, and B2B transactions traditionally going through specific payment systems for them.The landscape will likely continue to evolve 鈥?there are hundreds of different payment methods out there, with arou Mxet Sodexo Collaboration Launches T 038;E Mobile App Rydoo
Theres reportedly an anonymous Twitter account disclosing what many believe to be the personal details and information of some of Chinas most elite and well-known individuals.From business moguls to the politically well-connected, Reuters reported late last week that the embarrassing leak was raising concerns about the security surrounding individuals official recor stanley kubek ds.Even Jack Ma, founder and CEO of eCommerce giant Alibaba, fell victim to the Twitter accounts posts last week. But Reuters confirmed it was unable to verify how accurate the information really is.The now-defunct account, which ran under the Twitter handle @shenfenzheng, translates to identity card in Chinese.I am unclear about other people
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