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.
In the apparel industry, suppliers are taking on a bigger role in retailers’ product management. One apparel sector expert see suppliers as becoming more of an inventory manager for their retail clients. Accounts-receivable factoring also is taking on increased importance as retailers seek greater controls...
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...
Publicly, all retailers have—historically—said that data breach disclosures need to happen quickly and publicly. Privately, though, IT and security specialists have long questioned the point of such disclosures, especially the early ones. The initial reports are almost always wrong, shoppers can't do anything useful with...
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...
The ongoing political battle stemming from sanctions and other activities in the Russian/Ukrainian dispute likely will have significant cross-border trading implications, especially in Western Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Is 2014 the year of the B2B high-tech financial services bubble? If so, it may already have burst. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Executives always want to know where a particular trend—especially a payment type—will be many years in the future. But it takes a steel-willed employee to push back, pointing out that the number of variables are so many that any projection beyond 2-3 years is utterly...
