News

B2B Payments
Infosys CFO’s Sudden Exit Raises Concerns
August 22, 2018

Infosys Chief Financial Officer M.D. Ranganath announced his sudden departure from the enterprise software conglomerate after 18 years at the firm has sparked concerns within the team, but Ranganath is reportedly urging the company’s finance team to not read into his exit. Get the Full...

B2B Payments
Procurement Digitization Doesn’t Have An Endgame
August 22, 2018

Organizations know by now that enhanced and efficient procure-to-pay processes can save money and boost efficiency. But how, and by how much? A new report from The Hackett Group aims to put some definitive numbers behind the trend to uncover just how beneficial an enhanced...

B2B Payments
Errors Abound In Sales Comp Programs, Says Xactly
August 22, 2018

The payroll process is a friction-heavy, error-prone one. Most employees in the U.S. have been negatively affected by a payroll error, according to research from Kronos Inc.’s The Workforce Institute, which also found that nearly half of professionals agreed they would start looking for a new...

B2B Payments
Thryv Taps Amazon’s Alexa For SMB Discovery
August 22, 2018

Small business management software provider Thryv is using Amazon‘s Alexa to help more small businesses get discovered. 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...

IPO
Delving Into The Farfetch IPO
August 22, 2018

The devil is in the details, so to speak. Sometimes the devil wears Prada – and sometimes, when all is said and done, the details are in the U.S. Securities and Exchange Commission (SEC) filings. Get the Full Story Complete the form to unlock this...

Investments
Boxed Raises More Than $100M In Funding
August 22, 2018

Grocery startup Boxed announced that it has raised $111 million in a new round of funding. 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...

Investments
SoftBank Invests In Rental Car Co
August 22, 2018

Carsharing platform Getaround has announced that it raised $300 million in a Series D funding round led by SoftBank. Toyota Motor Corporation and inside investors also participated in the round. Getaround provides instant and keyless carsharing through its patented, integrated hardware and software platform. Get the...

Cross-border Payments
Germany Wants New, Non US Global Payments System
August 22, 2018

Germany’s Minister of Foreign Affairs Heiko Maas has called for the European Union (EU) to create a new payments system, independent in response to the United States pulling out of the Iran nuclear deal. According to Financial Times, Maas wrote in the German daily Handelsblatt that...

IPO
Farfetch IPO Shows Luxury Retailers Ready To Ware Online
August 22, 2018

“Fashion is the armor to survive the reality of everyday life,” said fashion photographer Bill Cunningham. No one wears just one suit of armor, and no one shops in just one place when it comes to the mixing and matching of that armor, the hunting...