In fiscal 2012, U.S. Department of Transportation (DOT) employees spent $175 million using government-issued travel cards. Problem was, some employees given the cards spent a combined $183,000 on cash advances and $2.1 million on purchases unrelated to government travel, according to a new report from...
The U.S. Federal Trade Commission (FTC) convinced a federal court to shut down a Missouri-based Bitcoin company called Butterfly Labs because, according to the FTC complaint, the company “charged consumers thousands of dollars for its Bitcoin computers, but then failed to provide the computers until...
U.S. companies are losing more than $1.5 billion per year and are wasting more than 32 million man hours because their procurement tools are ineffective, a new survey report shows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Former JCPenney CEO Ron Johnson—who before that ran Apple Retail—is reportedly launching an on-demand service for the delivery of electronics. A report from The Information said it will be “a high-end, on-demand delivery service for gadgets.” Get the Full Story Complete the form to unlock...
Just about everyone seemed absolutely giddy over Tim Cook’s breathless announcement of how Apple is revolutionizing payments. I’m hoping now that maybe, with a couple of weeks’ of distance and with at least some of you experiencing the buggy iOS8 operating system, I can make...
Basware will be the first service provider to establish a technical connection to Mercurius, Belgian Federal Government’s unique centralized platform for e-invoicing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While it is easy to criticize B2B payment for being slow to change, its not always so easy to create products that offer something for all side of the transaction. B2B Payments are different, American’s Express’s Rob Alcock told MPD CEO Karen Webster, and need...
If banks aren’t paying attention and adjusting their strategy, they are on the verge of disruption by startups and high-growth tech firms. These firms are slowly taking away customers and market share from banks and traditional lending players. Get the Full Story Complete the form...
Alibaba Group’s finance arm is working to create a marketplace for 1 trillion yuan ($163 billion) of person-to-person loans by 2016, and is already almost 15 percent of the way there after less than six months, the P2P lending unit’s CEO said on Tuesday (Sept....
