5 Reasons Virtual Cards Benefit Business in the Work-From-Home Era

The work-from-home trend has created a unique opportunity for virtual cards to become common practice in businesses today. Virtual cards not only offer a range of flexible features for all users but also help businesses manage their corporate spend more wisely. Dan DeVall, VP of business development at Airbase believes that “80% of buyer-supplier transactions […]

Consumer Groups and Banks Want Stricter Buy-Now-Pay-Later Regulations

Consumer groups and banks are pushing the Consumer Financial Protection Bureau (CFPB) for better oversight on Buy Now Pay Later (BNPL) services as the terms and conditions for repayment plans are too difficult to understand for many consumers. While BNPL companies already have installment loans covered by many federal finance laws, the lack of consistency […]

Financial institutions worry that Russia will target SWIFT system

Over two weeks ago, the European Union decided to ban seven Russian financial institutions from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) messaging system. SWIFT the world’s leading financial messaging system that allows for secure and reliable banking transactions between institutions globally. The SWIFT network is critical to global banking. Over 11,000 financial institutions […]

Risk Free, Buy Now Pay Later? Think Again

With convenience comes unexpected costs   Over the past few years, Buy Now Pay Later or BPNL has become an increasingly popular option to make payments at retailers. BNPL spreads your payments over time, in weekly to monthly increments until the purchase is paid off. Typically these plans are interest free. BPNL payment schemes are […]

Bitcoin’s dip calls into question its usefulness in payments

Gold 2.0 some call it – 2021 was a wild year for the cryptocurrency as it transformed into an asset on par with gold with many valuing it as a hedge against inflation and some still arguing that it would replace the dollar. With the Federal Reserve planning on fighting inflation this year, why are […]

British Columbia Passes Freedom Of Information And Protection Of Privacy Amendment Act, Amendments Needed For Data Breaches

October 18, 2021, British Columbia first announced its proposal to update the province’s privacy legislation, Bill 22 – British Columbia’s Freedom of Information and Protection of Privacy Act (FIPA). One of the most significant proposed changes to the private sector includes the requirement for mandatory breach reporting – where companies must disclose and report on […]

BC Chamber of Commerce receives applications to support Shop Local initiatives

British Columbians are working to build healthy communities by supporting the Shop Local initiative across the province. Partnered with the federal government, the BC Chamber of Commerce received 88 applications from local businesses seeking over $5 million to support Shop Local initiatives. “It’s been an emotionally and financially draining time for many of these business […]

5 ways to keep your employees happy and motivated during the pandemic

Until recently, where you lived was where you worked. Over the past few years we’ve experienced a dramatic shift. Now it’s possible for employees to work anywhere they want across the country from the comfort of their own home. The pandemic accelerated the adoption of remote work for the next foreseeable future. While there are […]

Over 6,000 Coinbase accounts had cryptocurrency stolen by hackers

Just a few days ago, hackers stole cryptocurrency from over 6,000 Coinbase customers. Confirmed via a breach notification letter sent by Coinbase. A copy of the letter was posted here on the Attorney General of California’s website. The breach occurred between March and May 20th, 2021. During that time, malicious parties exploited a multi-factor authentication […]