Across the globe, more travel buyers are becoming increasingly optimistic about business travel, according to a recent report. This means longer trips and higher travel spend budgets for many firms. But where is all of this optimism coming from, and is it going to last?...
Six-years out, the United States economy seems by most measures to be settling into a stable if unspectacular recovery. The jobless rate is below 7 percent, below pre-, consumer spending was up in Q2 and stock market has been seemingly unstoppable for most of the...
A new report points to a problem within many enterprises, where accounts-payable and procurement teams, while often having similar goals, generally don’t work with one another. In today’s business environment, where efficiency and cost reductions are chief drivers for success, confusion often exists as to...
Today’s consumers have lots of expectations, and merchants increasingly must address them to stay competitive. Manhattan Associates’ recent acquisition of GlobalBay from VeriFone illustrated the urgency to react to these market changes, which reflect the growing need for omnichannel and “clienteling” support. What a business...
Though available for less than a decade, peer-to-peer lending has been growing rapidly, a new report from the Federal Reserve Bank of Cleveland points out. Demand for the concept is particularly strong among consumers consolidating their card debt, as bankcard interest rates tend to be...
Although some public retail companies this week reported better second-quarter same-store results than others, for varying reasons, the mood among the merchants’ executives was good. Helping drive those feelings are positive economic signs from July that have continued into August, while some, such as Target,...
Small- to mid-size business owners understand that late payments will in all likelihood lead to debt. So why would an organization postpone updating a system that ensures timely invoices? One UK-based law firm discovered that 80 percent of businesses failed to update their terms and...
Vendors’ efforts to provide businesses with an efficient experience regardless of where or how they shop is creating greater importance in having strong omnichannel support, especially with regard to product availability. Sellers are having to enhance their focus on supply-chain management and make other adjustments...
In June, Federal Reserve Financial Services hosted a series of town hall meetings to discuss a variety of initiatives designed to improve B2B transactions, along with P2Ppayments. Among the goals include speeding up transactions, improving efficiency, enhancing payment safety and security, improving cross-border payments, and...
