Walmart’s second-quarter U.S. same-store sales were flat during the quarter ended Aug. 1, though it did represent an improvement over growth reductions a year earlier. But the megaretailer is seeing the writing on the wall, as it is building up its distribution networks to accommodate...
As of this week, PDVSA, Venezuela’s state-run oil and natural gas company, has officially moved its accounts from Portugul’s Banco Espirito Santo to China’s Citic Bank, according documents supplied to Reuters, last Friday (August 8). Going forward, all of PDVSA’s payments on fuel products and...
As procurement teams work more closely with colleagues in IT, using a multi-part analytics architecture can help break purchasing logjams. But effective data analytics also is required. PYMNTS.com takes a look at a recent report that provides some suggestions on how to accomplish the task.
Perhaps not one of the best kept secrets, but Fleetcor this week made good on the earlier rumors, acquiring fellow B2B fleet card provider Comdata for $3.45 billion. The deal provides Fleetcor four new business segments, including B2B health care and virtual payment card services....
Thus far, it appears, American Express’ Serve hasn’t put much of a dent in Green Dot’s performance, but the prepaid market appears ripe for a good ole fashioned feud between the two companies. Although pricing has yet to play out, Amex’s low-cost proposition and free...
Asia’s largest eCommerce players like what they see in the U.S. First, China’s Alibaba announced plans for a U.S. IPO and has since launched the 11 Main online marketplace here. Now Rakuten, Japan’s largest online retailer, appears to have its own U.S. plans. The addition...
News broke yesterday about Amazon’s plans to sell a branded dongle at Staples, making it the 123rd player to enter this very croweded space. But while a giant player could become a powerful new entrant, SMBs are starting to show a change of heart towards...
Although it is not impossible for SMEs to secure loans, doing so can be a struggle, particularly for start-ups with limited credit history. Across the globe, other financing options–like asset-based financing–are continuing to grow in popularity. Is asset-backed financing still a strong option for business...
Russia is a cash society. Only 20 to 25 percent of Russian adults have bank accounts. Just 15 percent had credit cards in 2011, and 90 percent of those cards are used only for withdrawing cash. For big purchases, bringing along a suitcase of rubles...
