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Companies are pulling away from the manual processes they have used for decades in favor of less costly, speedier business-to-business B2B and consumer-facing tools to manage their payments and finances. Recent PYMNTS research found that 86% of chief financial officers believe digitizing their accounts payable AP and accounts receivable AR processes stanley cup is key for improving revenue and customer satisfaction.This digitization creates more interest in concepts such as embedded finance, which utilizes connective technologies to help integrate payments directly into businesses platforms or mobile sites. It also allows companies customers to make payments more conveniently, improving engagement and making the businesses cash flow more transparent. These changes make supporting such tools essential for financial institutions FIs that want to generate and retain the loyalty of their corporate clients.In the latest聽Next-Gen Commercial Banking Tracker庐, PYMNTS analyzes how businesses payment and financial needs are shifting and what role embedded finance may play in the future of corporate banking.Around the Corporate Banking World A growing number of busin stanley mugs esses are analyzing ho stanley italia w they can improve the speed and efficiency of their current payments or other financial processes after the impacts of the global health crisis. The rising interest in more convenient, digital-first transactions indicates the number of payments made via open banking will expand in the next few years, accor Swnx Visa s Bill Sheley On What s Next For Push Payments
More American adults own their homes than rent them 鈥撀爁ewer than聽two-thirds own, while a little over one-third rent. Those numbers聽have been relatively consistent聽for the last 40 or so years.But that breakdown is not evenly divided聽across all demographics. Older adults tend to own, while younger adults skew much more heavily toward renting 鈥?particularly millennials, for whom聽homeownership is lower than other generations at the same point in their lives.And while the jury is still out as to whether millennials will be the start of a dramatic shift in homeownership patterns, or whether the current figure represents more of a delay than a departure, one thing is not up for debate.That聽younger one-third聽of American adults who are renting are聽likely聽paying聽a lot of money per month, particularly聽if they live聽on the East or West Coast.Now, the situation doesnt look all that dire at first glance: The May report from rental listing site聽Zumper聽repor stanley polska ts聽that the average聽monthly rent for an apartment聽in t stanley website he U.S. is $1,215. That is not cheap, of course, stanley cup but it doesnt sound so bad 鈥?until one realizes that the problem with averages is that they聽are, well, averages.Try finding a place to live in San Francisco with a $1,215 monthly rent budget. For that amount of money, one better be happy sharing a place with a couple of roommates, and probably in very tiny living quarters.聽The average聽one-bedroom apartment in San Francisco聽is roughly聽$3,400聽a month聽鈥?though the average resident would note |
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