Top News In Payments: SMB Spend Tools Key

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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.

Report: Spend Solutions That Drive Delivery’s Last Mile

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.

Fighting Food Waste The Digital Marketplace Way

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 Sees Sales And Losses Grow As It Prepares For IPO

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).

Social Network Telegram Races To Release Promised Cryptocurrency

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.

Facebook Taps Ex-Coinbase Exec To Lobby For Libra

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 To Launch Support Team To Fight Financial Abuse

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.

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The August 2019 Payments And The Platform Economy Playbook, aims to help platform payments decision-makers identify and manage the risks and rewards inherent in optimizing their operations and navigating real-time challenges.