Blogs and best practices from the world of Fintech
You can now easily upload unpaid bills to Payhawk directly from your inbox. Never lose track of outstanding expenses and keep an eye on all company spend in one place.
Our work involves interacting with customers, investors, and partners on a daily basis. And what we have found is that the road to success in every relationship or business venture starts with a good conversation. And now we want to share this conversation with you.
Payhawk, one of the most recent innovators part of the Visa Fast Track program, today announced the launch of a NextGen company card. The new cards empower finance teams to implement spend rules directly on company cards or team cards, and automate the collection of receipts end to end.
Full disclosure: As a co-founder and CEO of Payhawk, I talk to investors, analysts, and journalists on a daily basis. And I find it extremely fascinating to constantly hear statements that the market for payment is already solved by Neobanks. Barbod Namini from HV Holtzbrinck Ventures already hinted that investors are becoming more comfortable with investing in fintech despite the massive rounds around Neobanks. So here is my take on what else investors should have learned over the last 5 years after investing billions in a world where you either learn fast or perish.
Payhawk next-generation company cards can now automatically retrieve travel invoices straight from TravelPerk. We are extremely happy to announce our new partnership with TravelPerk that has been a highly requested feature from our customers!
The gaming industry is becoming a colossal sector with more than $152.1 billion in revenue in 2019, and growing almost 10% every year. With the rise of mobile usage, better internet coverage and higher marketing budgets, companies in the sector fear that the upcoming years will be a fight for the market. Or did it already began?
Europe has seen a long-standing industry effort to connect its banking system – first by SEPA (Single Euro Payment Area) and now SEPA Instant, a pan-European network for instant bank transfers in Euro. The development of SEPA Instant and its potential impact on the world of payments will hopefully pays off.
3D Secure 1.0 brought additional security, but it came at the cost of a bad user experience: $1.2 billion in declined card-not-present transactions every year and 62% of cardholders who abandoned a card or experienced a decrease in their willingness to pay after a failed transaction. 3D Secure 2.0 came to solve these problems. This robust authentication protocol is an updated version that is built around mobile devices and modern trends. Does it hold to this promise?
When we talk about accounting compliance, we talk about risk management. If the bookkeeping numbers are manipulated, in the best case companies will make wrong decisions. In the worst case, they will follow in the footsteps of Enron, Worldcom and most recently Wirecard.
Payhawk’s business card has allowed hundreds of frequent travellers to cover car rentals, hotels, dinners, and everything else related to their business trips with ease. At Payhawk, however, we always ask ourselves how we can bring more value to our customers. Even in situations that our customers cannot anticipate.