The U.K.’s small suppliers have been struggling for years with late payments, but the supermarket sector has been particularly susceptible to supplier mistreatment. Earlier this month grocery chain Tesco reported in its quarterly earnings that an internal investigation found likely mistreatment of its suppliers in...
Financial analysts constantly keep tabs on the state of business lending in the U.S. But when the Federal Reserve announced last week that it would not be raising interest rates, instead voting to maintain them at record lows since the 2008 financial recession, the latest...
Are Uber drivers employees of Uber? Or are they independent contractors? 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 newsletter, PYMNTS Today. By completing...
The Royal Bank of Scotland confirmed that the 600,000 credit and debit transactions that were held up early last week due to a payments failure have now been processed correctly, Bloomberg reported late last week. Get the Full Story Complete the form to unlock this...
China’s Ministry of Industry and Information Technology stated that it will allow foreign ownership of some eCommerce businesses, a move that Reuters said Friday (June 19) would encourage foreign investment in the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Another restaurant business is investing in a mobile payment platform. 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 newsletter, PYMNTS Today. By completing this...
GoFundMe, the crowdfunding platform that helps users raise cash for any number of events, has raised an undisclosed amount of money from an investment led by a number of venture capital and equity firms. Get the Full Story Complete the form to unlock this article...
Cybersecurity firm FireEye has traced the roots of the massive cyberattack on the U.S. Office of Personnel Management (OPM) last year to an unnamed group of Chinese hackers that specialized in stealing “personally identifiable information,” or PII data. Get the Full Story Complete the form...
Australians are banking on their smartphones and plan to ditch their debit and credit cards for their mobile device within 18 months, according to a recent Australia-based Fair Go Finance survey, conducted between March 30-April 15, 2015. And around 11 percent said they would use...
