Walmart is planning to sell the Chinese division of its eCommerce platform to Alibaba’s competitor JD.com, China’s second largest eCommerce company, sources told The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. Reports on Friday (June 17) by the Association for Financial Professionals (AFP) said the Fed recently provided an update on...
While some marijuana businesses may be operating legally under state law, the federal law that still considers them illegal means banks often refuse to provide financial services to these companies. SMEs in the industry, reports have shown, are forced to operate as a cash-only business,...
WEX took an important step in its efforts to acquire Electronic Funds Source (EFS), a deal first announced late last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Let’s talk about money management. For businesses, it can be difficult to obtain a clear vision of finances and cash positions. But poor cash flow can ultimately lead to demise. Today, there are more technologies than ever that can help a company gain visibility into...
When it comes to omnichannel execution, the rich keep getting richer. The Q2 2016 OmniReadi Index™ takes a closer look at “omnichannel readiness” — “omnireadi” for short — and, as it turns out, there’s an enormous gap between the merchants who are the most and...
The commercial card industry is progressing, and corporate treasurers say they want in on the innovative action. A survey just released by Capital One found that the majority of corporate treasurers plan to upgrade their commercial card programs within the year. Get the Full Story...
Making it easy for the as-yet-uninitiated investor to jump into the market — or perhaps, more accurately, wade in slowly — has been a focus of a variety of FinTech innovators over the last several years. Get the Full Story Complete the form to unlock...
Times laden with change are said to make for strange bedfellows — something the weekly cavalcade of unusual pair-ups we cover day in and day out can testify to. However, last week’s news indicates that perhaps a line should be added to that expression: Changing...
