Letters filed by department store retailers Macy’s and JCPenney, along with other companies, asked the U.S. Trade Representative to remove many footwear and apparel items from an expansive list of products set for the new 25 percent tariffs, Retail Dive reported. Get the Full Story...
Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will...
Everyone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions on board, real-time payments stand at lower chance for mass adoption. Get the Full Story Complete the form to unlock...
New proposals on offer from Minister of Small Business Kelly Tolhurst in the U.K. may hit large firms in the pocketbook — via fines, if they pay smaller suppliers late. Separately, creative agencies are feeling the pinch of late payments, too.
In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always...
Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. Reports in Accounting Today last week said Financial Accounting...
Some of the world’s largest conglomerates are raising concerns about an impending economic recession in the U.S., supply chain disruptions stemming from trade disputes and a global market shakeup from Brexit. However, as analysts explore the current state of the economy (and where it’s headed),...
Fortino Capital Partners revealed that it has invested in Declaree, expanding its portfolio of travel and expense management companies. 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...
As FedEx is nearing the end of its contract with Amazon, it is gearing up to raise the level of its competitive game by offering big discounts to pack its planes full. The delivery and logistics giant is looking to reset its delivery network, which...
