In the months since President Trump’s America First policies forced China's Ant Financial to abandon a proposed deal to buy Dallas-based MoneyGram, the U.S. company has forged other key partnerships to build a global digital remittance network.
Business owners are understandably reluctant to allow employees, contractors and freelancers take the company credit card. But asking them to use a personal card raises other issues, such as scanning receipts for reimbursement.
Emerging faster-payment technology can address processing and settlement gaps between banks and fintechs that can cause financial challenges for families, according to Rahm McDaniel, vice president of strategic solutions for Q2 Holdings.
Paying international suppliers through a bank portal is a painful, expensive process that creates unnecessary friction for burgeoning cross-border trade. There are better fintech alternatives, writes Karla Friede, CEO of Nvoicepay.