In fiscal 2012, U.S. Department of Transportation (DOT) employees spent $175 million using government-issued travel cards. Problem was, some employees given the cards spent a combined $183,000 on cash advances and $2.1 million on purchases unrelated to government travel, according to a new report from...
U.S. companies are losing more than $1.5 billion per year and are wasting more than 32 million man hours because their procurement tools are ineffective, a new survey report shows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Basware will be the first service provider to establish a technical connection to Mercurius, Belgian Federal Government’s unique centralized platform for e-invoicing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While it is easy to criticize B2B payment for being slow to change, its not always so easy to create products that offer something for all side of the transaction. B2B Payments are different, American’s Express’s Rob Alcock told MPD CEO Karen Webster, and need...
PayPal is taking another small step in helping digital currency, particularly bitcoin, enter the mainstream by helping their merchants accept bitcoin payments. The leader in online payments is pairing up with Bitcoin processors BitPay, Coinbase and GoCoin to allow digital goods (ring tones, games, etc) merchants to take...
Walmart’s ambitions to be a viable B2B supplier in India continue to grow, as two more of the megaretailer’s Best Price Modern Wholesale stores are set to add eCommerce-service support, in Guntur and Vijayawada in Andhra Pradesh. The stores reportedly will begin supporting eCommerce sales...
How big is the B2B payment market? “Four times massive” is how Traxpay CEO John Bruggeman would define it. Bruggeman and Traxpay just snagged $15 million to get its slice of that massive pie. Bruggeman told MPD CEO Karen Webster why Traxpay’s investors find its...
During a recent webinar on procure-to-pay (P2P) trends, participants were polled about what they saw as their greatest P2P challenge. The biggest, cited by a third of procurement specialists attending, was the lack of accurate spend visibility. Get the Full Story Complete the form to...
Regulators in Bangladesh are looking to incorporate factoring as a financing option to help expedite the country’s import/export activities and to provide a means for its manufacturers and exporters to avoid problems associated with deferred payments from buyers. Get the Full Story Complete the form...
