News

Retail
US Faces Shortage Of 50,000 Truck Drivers
May 29, 2018

The American Trucking Associations (ATA) said that the U.S. is facing a shortage of 50,000 truck drivers, impacting both retailers and consumers. The U.S. will need 898,000 additional drivers over the next 10 years to meet future demand, CNBC reported. Get the Full Story Complete the...

Retail
American Brands Are Bullish On Retail Expansion In China
May 29, 2018

American retailers are heading east: They’re opening the doors to brick-and-mortar stores in China, while listing on China’s dueling marketplaces — Tencent and JD.com. Walmart, for example, brought a small-format supermarket to the city of Shenzhen as the popularity of “small retail” grows in China. Get...

B2B Payments
One-Third Of Employers Use Decade-Old Payroll Technology
May 29, 2018

A new survey has found that one-third of employers are using payroll technology that is at least 10 years old. The “Evolution of Payroll Technology Survey,” conducted by Kronos with the American Payroll Association, polled nearly 1,000 payroll professionals from small, mid, and enterprise-size organizations (SMBs)...

B2B Payments
Fidelity Bank Offers New Products To SMEs In Ghana
May 29, 2018

Fidelity Bank Ghana announced it is boosting its support of the country’s Small and Medium Scale Enterprises (SMEs) through new products, specialized services, as well as financial and technical assistance. According to GhanaWeb, the news was revealed at the bank’s SME summit in Accra, which was...

B2B Payments
 The Hill Looks At Speeding DoD Vendor Payments
May 29, 2018

The Hill has taken up legislation that eyes late payments, indicating that not everything is Carillion, all the time, when it comes to vendor payments. But then again, Carillion continues to have an impact across the pond, where official reports find lax government reactions to...

Alternative Finances
Can Alternative Data Move The Dial For Financial Inclusion?
May 29, 2018

In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated credit scoring system for banks. In 1956, they came-up with the first version of the Fair Isaac credit score — or the FICO....

B2B Payments
The Cost Of A Data Breach Hits $1.23M
May 29, 2018

New research from Kaspersky Lab shows that the average cost of experiencing a data breach globally is on the rise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Rocket Internet Eyes AI, FinTech Investments
May 29, 2018

Rocket Internet, the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
EMVCo Rolls Out EMV QR Code Payment Mark
May 29, 2018

EMVCo, the global technical body that manages EMV Specifications, announced it has created a QR Payment Mark to promote global interoperability across EMV QR Code payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...