Unless you have been hiding under a rock, you know Oct. 1, 2015, was the deadline for the “liability shift.” After Oct. 1, the party that caused a non-EMV transaction to occur (i.e., either the non-EMV card issuer or the merchant that does not have...
Last week, Goldman Sachs decided to open access to its once proprietary databases and risk management tools for direct use by their business clients. Bob Solomon, the CEO of Software Platform Consulting, dissects this decision and its potential to become a full-fledged business. Information may,...
Three separate events last week reminded me that every spend category has its “dirty little secrets.” Suppliers can exploit these “dirty little secrets” to squeeze a little more from buyers than buyers bargained for. Not all of these secrets are nefarious, but all reflect the...
The Trend I’ve counted at least 15 companies whose primary value proposition is converting a corporation’s payables to settlement via virtual cards, rather than check or ACH. Many of these companies offer other services (e.g., e-invoicing), but it is clear they make their real money on...
