News

B2B Payments
Suppliers Can’t Tell If Invoices Have Been Paid, Survey Finds
June 16, 2018

In a survey of accounts payable professionals released last week, analysts found that suppliers often struggle to gain insight into whether or not their invoices have been paid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Russia Prepares For SWIFT Exit With Blockchain
June 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Father’s Day Commerce: Shopping For, With And To Be More Like Dad
June 16, 2018

Father’s Day has always had some trouble engendering the kind of enthusiasm for gift giving that Mother’s Day does — and we mean always. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Holmes Out As Theranos CEO, Faces Fraud Charges
June 15, 2018

The bloodletting continues at Theranos. Now it has claimed the company’s founder and CEO, Elizabeth Holmes. 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...

Payment Methods
Zelle Projected To Grow More Than 73 Percent In 2018
June 15, 2018

With Zelle projected to overtake Venmo, eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle will reach 27.4 million users in the U.S. — more than Venmo’s 22.9 million users, TechCrunch reported. Get the Full...

News
Five at Five: Walmart Has A New Blockchain Idea
June 15, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today, we have two stories about the latest developments involving blockchain, along with a report regarding the most recent fallout from the Wells Fargo sales scandal. Carrefour has an eCommerce...

Cross Border Commerce
SWIFT Signs Up More Chinese Banks For GPI
June 15, 2018

A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
Carrefour’s CEO Reports Progress On Digital Alliances
June 15, 2018

Following new alliances with Tencent and Google, Carrefour’s chief executive Alexandre Bompard said that the company is making big progress on the digital front. He explained that the retailer’s expansion in digital commerce was an “absolute” priority as the company faces competition from online rivals,...

Retail
Michaels Faces A Big Share Price Drop-Off
June 15, 2018

Craft store Michaels is reeling from a rough day on the market, suffering through its biggest single-day share price drop since its initial public offering (IPO) in 2014, according to news from The Financial Times. Get the Full Story Complete the form to unlock this...