A new report points to a problem within many enterprises, where accounts-payable and procurement teams, while often having similar goals, generally don’t work with one another. In today’s business environment, where efficiency and cost reductions are chief drivers for success, confusion often exists as to...
Colleges and universities of all sizes must ensure that they properly manage and track all purchases. These educational institutions also have relationships with suppliers and need to guarantee that the entire purchasing process runs smoothly. Lehigh University recently upgraded its procurement system, but it is...
Walmart’s second-quarter U.S. same-store sales were flat during the quarter ended Aug. 1, though it did represent an improvement over growth reductions a year earlier. But the megaretailer is seeing the writing on the wall, as it is building up its distribution networks to accommodate...
A recent FICO survey found that 91 percent of those surveyed were happy to receive automated messages to verify purchases with their payment cards, FICO’s Philip Doyle reported in the credit-scoring company’s Banking Analytics Blog. Almost as many (89 percent) said automated confirmation increased their...
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. As a result,...
WearYouWant has a novel solution for a problem facing e-commerce vendors across the developing world. Thailand has high mobile penetration—nearly half of all citizens have a mobile device—and social media is popular. However natural a fit for e-commerce the countries like Thailand may seem, however,...
From the latest on a Justice Department’s antitrust case against a major card network to a B2B fleet card processor’s merger-and-acquisition ambitions, we learned a lot this week from payments company quarterly earnings. To bring it all together, PYMNTS.com has summarized the quarterly earnings covered...
An attack leveraging security holes in remote access software (which, in turn, attacks another security hole in the POS system) has been working its way through quite a few Delaware restaurants, according to an advisory issued by the Delaware Restaurant Association. The advisory specifically mentioned...
Pepsi Executive Brian Cornell will be joining Target as the retailer’s new CEO. Cornell has had a long, diverse and non-consecutive career at Pepsi and was considered an outside contender to succeed Indra Nooyi. Over the past two years Cornell ran PepsiCo’s Americas Foods business,...
