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Spend Management Reaches For New — And Digital — Maturity

PYMNTS

Spend management ” is hardly the sexist buzzword in payments and commerce, but the practice is developing to a point where many of those headaches are being reduced — a process that can also lead to more revenue. Spend Management Change. First, while the meaning of “ spend management ” may seem clear, there is no harm in defining it.

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Slimmed-Down Albertsons IPO Raises $800M

PYMNTS

Albertsons’ IPO is the culmination of a saga that began in 2006 when private equity firm Cerberus Capital Management took a major position, with plans to grow the chain into one of North America’s gargantuan power grocers. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

Idaho 224
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Signature Bank Taps Tech For Simplified AP

PYMNTS

. “We recognized a need among our business customers for an automated solution that would help modernize and transform their payments from manual and paper-based processes into a simple, seamless solution,” said Anne Doligale, senior vice president of treasury management at Signature Bank. Recent PYMNTS research found that 46.4

Illinois 167
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What are other banks doing with the ALLL?

Abrigo

During a recent webinar, more than 200 banks and credit unions weighed in through various polls on how they have been managing their allowance for loan and lease losses. “We have a healthy reserve, and we operate just fine, so why release any of it?”). A related topic of discussion was the use of an unallocated reserve.

Trends 236
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Bill.com Sets IPO Price Slightly Higher Than Expected

PYMNTS

Since launching in 2006 in Palo Alto, Bill.com has been providing SMBs with automated back-office payment operations, such as payroll and bill payment. Bill.com is a popular option among smaller companies that don’t necessarily have the revenue or resources to build out digital payment operations. Its net loss only went up 1.7

New York 131
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FinTech Veteran Dan Henry Tapped To Lead Green Dot

PYMNTS

“Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies,” said Jacobs. 31, 2019 showed an increase in total operating revenues of $249.3

Fintech 139
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Former Wirecard CFO Free For Now As German Probe Continues

PYMNTS

Burkhard Ley, the financial chief of Wirecard from 2006 to 2017, was released from jail on bail after three months behind bars, Munich prosecutors said Monday (Nov. 2), according to FT. Ley’s release is also subject to “extensive bail terms,” the prosecutors said, declining to offer more detail, according to FT.

Fraud 148