The latest research in B2B payment practices within the construction sector isn’t good: Two-thirds of small- and medium-sized businesses (SMBs) surveyed by the U.K. Federation of Master Builders (FMB) said they aren’t paid within the typical 30-day invoice payment period, and it’s complicating cash flow management...
Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. What it doesn’t hear, though, is that most of those initiatives will go defunct only a few months after launching. Just last week, Deloitte found that...
The traditional financial services market is notorious for being slow to adopt new technologies, and sluggish upgrades to internal IT systems are a trend very much included in that reputation. But as the industry evolves, and as market pressure from innovative FinTechs weighs down, financial...
A new survey from alternative lender Reliant Funding found only 12 percent of surveyed small businesses (SMBs) have actually used alternative finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Corporate expense management firm Chrome River is enhancing its invoice B2B payment capabilities, the company said Tuesday (Nov. 14). 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...
Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature that will reduce the hit to customers. Get the Full Story Complete the form to unlock this article and enjoy...
The problem with millennials is that they just won’t sit still and stick with the cultural definitions they’ve been given. Three years ago, millennials were the “experience-oriented” customers who preferred buying experiences to things. Among points of proof for that claim: millennials’ extreme enthusiasm for eating...
About 50 Wells Fargo employees were laid off from its SMB card processing unit as the bank works to restructure the entire unit geared toward small- and medium-sized businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
For the first birthday of Samsung Rewards, the Korean tech giant isn’t expecting to get any presents. Instead, the company plans to give out presents – one million of them, to be exact – to say “thank you” to the millions of users who have...