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...
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...
The PCI Council, which rules payment-card security, just issued new guidelines for how to outsource payments-related work to third parties. The message: You can't just hand off security and forget about it.
New research shows the duties of procurement staffs evolving, with ever-more responsibilities over supply risk management in coordination with various other departments within their company. Most firms, however, haven’t caught up with the times, leaving CPOs and their staffs with basic risk-management tools. PYMNTS.com takes...
Who would have thought that malware placed in handheld product scanners could jeopardize the security of enterprise resource planning (ERP) platforms? But a Chinese manufacturer stands accused of conducting such an attack, enabling firmware in the devices to harvest businesses’ financial and customer information and...
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Retailers’ supply chains generally are not optimized to support the new omnichannel environment, particularly with regard to the changing supply needs created by the expansion in mobile and online shopping, according to a recent report in which Pricewaterhousecoopers surveyed 400 retail CEOs. Get the Full...
Who would have thought that malware placed in handheld product scanners could jeopardize the security of enterprise resource planning (ERP) platforms? But a Chinese manufacturer stands accused of conducting such an attack, enabling firmware in the devices to harvest businesses’ financial and customer information and...
Global trade financing is headed back to normal after the trade collapse of 2008-09 — but it’s not there yet. That’s according the data from 298 banks in 127 countries that were surveyed for the International Chamber of Commerce Banking Commission’s annual report on cross-border...
