The awkward balancing act of trade credits – do the work, ship the merchandise on good faith, hope to get paid sooner rather than later – is a $3.1 trillion nail-biter in the U.S. alone. Small businesses experience this anxiety acutely: Research indicates that over...
With the U.K. one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. Get the Full Story Complete the form...
Procurement processes don’t begin and end with a purchase or a payment. For large corporates working with hundreds, sometimes thousands of manufacturers, the procure-to-pay processes is a long, drawn-out one, with plenty of room for data bottlenecks, errors and late payments. Get the Full Story...
’Tis the season for corporate fraud? 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 form, you agree to...
Payments company Ixaris has teamed up with travel industry company Sabre to expand into new European markets, with plans to eventually reach the Americas and Asia Pacific markets, according to a press release. Get the Full Story Complete the form to unlock this article and...
The Royal Bank of Scotland (RBS) is reimbursing 40 million pounds ($53 million) to about 730,000 customers after workers at the bank were found to be manipulating foreign money transfers to get more money for the financial institution, according to a report by The Guardian....
Great Hill Partners, a growth-oriented private equity firm, has announced that it’s going to acquire VersaPay, a company that provides cloud-based invoice-to-cash solutions, according to a release from the companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Walmart India is investing in B2B supply chain management startup Ninjacart, a company that specializes in streamlining the strategic sourcing operations of the grocery sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Traditional bank loans remain the undisputed leader in small business lending. Fueled further in the U.K. by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often...
