News

B2B Payments
AP Professionals Often Their Own Biggest Hurdle In Automation
November 21, 2018

Outsourcing key functions of the enterprise may allow professionals to finally turn their attention away from the minutiae of manual processes and toward more strategic, value-added activities. But when it comes to money, businesses may be reluctant to hand the reins to a third party....

B2B Payments
Citizens Bank Warns Most US Firms Over-Exposed To FX Volatility
November 21, 2018

Most U.S. businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
South Africa Government Losing Billions To Trade Mis-Invoicing
November 21, 2018

Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global trade operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Marcus Exceeds Goldman’s UK Expectations
November 21, 2018

Goldman Sachs’ online retail bank Marcus is enjoying a strong debut internationally — the company says the rollout of Marcus in the U.K. has “exceeded every expectation.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
U.S. Retail Stocks Take A Beating Over The Amazon Effect
November 21, 2018

U.S. retail stocks took a beating in trading Tuesday (November 20), with the group losing around $50 billion in value as a lackluster earnings season raised more concerns about the impact Amazon is having on traditional retailers. Get the Full Story Complete the form to...

Retail
C-Stores Seek Their Own ‘Starbucks Effect’ With Mobile Apps
November 21, 2018

Some 48.5 million U.S. travelers are expected to hit the road for Thanksgiving, and roughly half will use apps to find gas deals. According to the new PYMNTS Paying At The Pump Report, once these mobile-savvy consumers fuel up, they’re likely to shop at the...

Retail
Blue Apron Pulls Meal Kits From Costco
November 21, 2018

Blue Apron has indefinitely stopped its pilot program with Costco, just a few months after it launched. 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 our...

Artificial Intelligence
In The Age Of Algorithms, Will Banks Ever Graduate To True AI?
November 21, 2018

It’s the age of algorithms, but not all algorithms are the same — and not all of them constitute true AI. A new PYMNTS report finds that FIs have adopted various forms of machine learning, but that AI's deployment remains low. What will it take...

Global Payments
Citi Payment Insights Expands To 70 Markets
November 21, 2018

Citi’s Treasury and Trade Solutions (TTS) announced that it has expanded its Citi Payment Insights offering to more than 20 new markets, making it available in more than 70 markets. Launched in July, Citi Payment Insights provides real-time payments visibility, including processing status and timelines,...