During a House subcommittee hearing last week, lawmakers expressed concern over the continued problems government has in controlling misspent funds. Of particular concern is the Department of Defense, the sole agency on the GAO’s high-risk list. A top DOD official during the hearing said the...
improvements in the performance of food-benefit distribution through the agency’s Supplemental Nutrition Assistance Program. Trafficking fraud is at a record low, assisted greatly from electronic benefits transfer card initiatives that have helped state and federal agencies to track transaction activity and identify fraudulent retailers more...
According to a recent study by Oracle, 60 percent of B2B online buyers name pricing complexity as their main business challenge. Regular consumers expect to know what and when they are paying, and are used to customizable pricing, but up until now that experience was...
In another PYMNTS first, we’re going to bring you weekly scoop on ALL of the investments in the payments space – VC funding, strategic investments, buybacks, acquisitions – for both retail and commercial payments. This week we summarize all that happened in the month of...
Times have changed since Discover and American Express both helped the U.S. Justice Department prove its case that Visa and MasterCard exerted too much competitive influence in the card market by preventing banks from issuing cards carrying their brand marks. Now Discover has turned against...
In a move intended to boost cash-flow for small businesses, the White House has announced the SupplierPay program. The program calls on large enterprises to dramatically speed up payments to the smaller vendors in their supplier networks. As of last week, some very big ticket...
What's a bitcoin debit card supposed to do for anyone? What does Google know about same day delivery that the rest of the market doesn't? And what makes Seinfeld so relevant to payments? Just a few of the hot topics in payments that we covered...
Retail payments dominate this week, and data analytics and security, in particular, seemed to tickle the fancy of investors. 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...
U.S. wholesalers in May continued to experience boosts in sales and inventories. Year-over-year gains were experienced in essentially all sectors, though miscellaneous durable and nondurable products experienced declines, new U.S. Census Bureau data show. Metal and mineral sales and inventories drove gains over April, which...
