article thumbnail

Late Payments Cause Cash Flow Pain From UK To India

PYMNTS

Below, PYMNTS unloads the latest statistics from the fight against late payments in the U.K. 45 days past due is the threshold for SMBs in India seeking clarity on large corporate and government payments. 50 percent of SMB invoices were paid past their due date in 2019, new Xero analysis revealed.

Legal 94
article thumbnail

Fraudsters Try New Spins On The BEC Scam

PYMNTS

In Q4 2019, 104 percent more ransomware payouts were made than in Q3 , with the average payment during Q4 hitting $84,116, according to Coveware’s Q4 Ransomware Marketplace Report. million , following a December 2019 cyberattack that has stalled government payments to suppliers.

article thumbnail

Wells Fargo Fallout, New Amazon Payments Top Week’s News

PYMNTS

Amazon is making new moves in payments, 2019 holiday sales trends are helping to set the table for 2020, a virus is infecting the world of commerce and stationery sales might find signs of new life in this digital world. Can Amazon Make Waving The Future Of Payments? The Bank App Feature 54.1

article thumbnail

REPORT: Adoption Of Instant Payments For Disbursements Has Quadrupled In Three Years

PYMNTS

It is no wonder that instant disbursements, which provide consumers with funds that are readily available and safe to spend, are more popular in 2019 than they have ever been. percent in 2019. This is just one of the questions PYMNTS set out to answer in the 2019 Disbursement Satisfaction Report , in collaboration with Ingo Money.

article thumbnail

Deep Dive: Accelerating Cross-Border Payments With Cloud Technology

PYMNTS

However, the sheer number of cross-border payments belies the challenges that individuals and companies face when conducting them. The biggest hurdle the cross-border payments industry faces is navigating the networks that govern payment flows in every correspondent bank through which funds pass.

article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Payments made with Amazon Pay spiked following service expansion to new geographies — France, Italy, and Spain — and to new verticals, including government payments, travel, insurance, entertainment, and charitable donations. annually, supporting more than 300 payment types, denominated in 120 currencies.

article thumbnail

Personal Income, Consumer Spending Signal Weak Q1 Growth

PYMNTS

Economist Eric Winograd said, according to the news outlet, “A modest slowdown remains the most likely path for 2019.” But government payments to farmers, as well as a VMware Inc special dividend, had bolstered incomes in December. AllianceBernstein Senior U.S. percent in January. percent in January.