Forty percent of Fortune 500 companies are already connected to SWIFT, the global financial-messaging network. That’s according to Gottfried Liebbrandt, CEO of Brussels-based SWIFT, at the organization’s Sibos conference in Boston last week. But that number should be closer to 90 percent, said David Blair,...
The state of Georgia is in some hot water after failing to correctly manage its WIC program—a public assistance federal food initiative that helps provide balanced nutrition for mothers and young children. According to reports, Georgia’s myriad errors in running the statewide WIC program resulted...
Corporate treasurers want speed — a lot more speed — from their banks, including quicker transaction settlement and access to information, along with faster account opening. Banks? They just want a little more time, according to American Banker. Get the Full Story Complete the form...
Canada’s hotel supply has grown more strongly in 2014 than in the previous two years, but that improvement presents about 0.8 percent growth as opposed to 0.5 percent. In any case, the supply of hotels in Canada is growing at a little more than half...
Citi has announced the launch of Citi Integrated Payables Solutions, a combination of payment and analytics services that will help organizations optimize their supply chains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
As the end of 2014 is drawing closer, small businesses going to renew their insurance plans are feeling the first round of price hikes associated with the ACA. Some business are looking at cost increases of as much as 40 percent, leaving small business owners...
In the healthcare payments space, the doctor is the merchant. As the payment receiver, doctors not only want to get paid faster they want to be paid fairly. How can payments innovation thrive in an ecosystem complicated by paper payments? Bill Fox, Senior Vice President...
When it comes to faster B2B payments, NACHA — the organization that oversees payment-clearing between banks — is caught between an irresistible force and an immovable object. The irresistible force: business customers. “A recent Federal Reserve study found that 69 percent of consumer payers and...
The problem with the B2B payments mindset is that financial players still focus on the money transfer element, when it’s the data that has to rule. This is colored mostly by the fact that B2B payment professionals also happen to be consumers. And the important...
