As PYMNTS.comreported recently, the Federal Reserve for the first time in its triennial payments study collected data related to payments fraud. It recently published the full report, a 192-page document loaded with data. What the discussion on fraud in the full report suggests is: Why...
Payment systems globally for decades have been on a constant path in transforming traditional paper-based transactions into electronic ones, with payment cards as one of the chief drivers. More recently, mobile-based payments have done the job in less-developed countries, particularly in Africa. Get the Full...
TSYS published a white paper yesterday titled "Opportunity Knocks: How Card Issuers Can Address Consumers' Concerns Around Payment Security," following the results of the 2014 TSYS Consumer Awareness Data Security Study, according to a company release. The report examines how consumers' sentiments are changing around...
Reverse factoring could potentially provide between $255 billion to $280 billion of cross-border trade financing, or 20 to 25 percent of an industry’s accounts payable. That’s according to a new study from the UK’s Association of Chartered Certified Accountants (ACCA). Get the Full Story Complete...
Retailers’ supply chains generally are not optimized to support the new omnichannel environment, particularly with regard to the changing supply needs created by the expansion in mobile and online shopping, according to a recent report in which Pricewaterhousecoopers surveyed 400 retail CEOs. Get the Full...
In a move to provide service to increasingly global supply chains, electronic-invoicing vendor Transcepta announced on Wednesday (Aug. 6) that it has expanded into cross-border trade finance solutions. The company, which offers cloud-based Accounts Payable automation, is partnering with Integrate Financial (InFin), a trade and...
Having a centralized, electronic repository for contracts can help businesses gain visibility to valuable spending and budget information throughout a contract’s lifespan, and that can play an important role in meeting compliance and review processes. A new feature to cloud-based software from an enterprise purchase...
In B2B buyer/seller relations, purchasing cards, or P-cards, typically represent a two-edge sword in that, while they make the payment process more efficient, especially for the buyers, the sellers pay the price in the discount fees they pay their acquiring banks. Buyers, on the other...
For businesses, selling is the lifeblood of their operation. But how well they are able to collect on payments owed can be equally important to their viability. And those-hard-to-collect payments often take up time better spent focused on day-to-day and strategic issues. Get the Full...
