Amazon has found a gold mine with its third party sales service. Because the company takes a percentage of each sale from its third party sellers, as well as additional logistics fees via the Fulfilled by Amazon service, the operations now amount to twice as...
Australian SME lender Axsesstoday has announced it is entering voluntary administration. 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 daily newsletter, PYMNTS Today. By completing...
U.S. senators have introduced a revised version of the Secure and Fair Enforcement (SAFE) Banking Act in an effort to connect legal marijuana companies to banking services, and the bill has garnered new support. Get the Full Story Complete the form to unlock this article...
The International Monetary Fund (IMF) released its Global Financial Stability Report last week, pointing to rising corporate debt in the U.S. and the growing stockpiles of cash upon which enterprises are sitting. Get the Full Story Complete the form to unlock this article and enjoy...
Spotlights continue to be trained on late payments in the United Kingdom, where a construction trade group in Scotland has called for protection from “payment abuse.” In other news, Australia still sees larger firms “rarely” paying suppliers within the stated goals of 30 days.
The Asian Development Bank’s estimates that the global trade finance gap has reached $1.5 trillion has jumpstarted a new wave of competition between banks and FinTechs working to address the biggest challenges to landing capital in the hands of global traders. Get the Full Story...
Insurance, especially for small businesses, is a very paper-intensive and friction-filled process. 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 daily newsletter, PYMNTS Today. By...
Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives. Last week’s Capitol Hill hearing — and our own data on just where we will...
Uber filed its S-1 last Thursday (April 11), two weeks after Lyft went public. By close of business on Friday, Lyft’s stock was trading at $59.90 a share, 20 percent off its $75 high at the end of its first day of trading. Get the...
