Today in the payments news roundup, a report highlights the spend solutions that can help small to medium-sized businesses (SMBs). Also, the founder and CEO of Full Harvest explains how the digital marketplace model can help fight food waste. And Telegram reportedly has plans to release its own crypto, while Lloyds Bank is forming a team to fight domestic financial abuse.
SMBs face significant pressure to make each dollar count, as cash flow is the lifeblood of their companies. The latest spend management tools, expense cards and workforce management solutions, however, can help them and field-based staff maximize service as well as accounting efficiency.
In a PYMNTS interview with Karen Webster, Christine Moseley, founder and CEO of Full Harvest, discussed how her firm offers a technological meeting place that connects companies with farms that have excess supply.
Peloton said on Tuesday (Aug. 27) that sales were positive but losses were also growing. The company, which is best known for its exercise bikes and treadmills with screen peripherals, filed paperwork with regulators ahead of an expected initial public offering (IPO).
Telegram reportedly has plans to release its own cryptocurrency by October. The first batches of the coin are said to start appearing in the next few months.
A former Coinbase policy executive is reportedly heading a lobbying firm hired by Facebook to contend with U.S. regulatory issues. FS Vector Partner John Collins, who was head of policy at Coinbase from September 2014 to January 2016, will reportedly serve as Facebook’s lobbyist. The Washington D.C.-based FS Vector has been retained by Facebook to work on “issues related to blockchain policy.”
Lloyds Bank is forming a team to fight domestic financial abuse by offering help to victims. It will be comprised of five workers trained to handle coerced victims who signed paperwork for joint debt and those who don’t have access to their own money.