Barclays announced earlier this week that it believes there is potential it its trade and working-capital finance business in the Persian Gulf. This is due to regional businesses becoming more sophisticated and then expanding into new markets. According to Barclays’ managing director of trade and...
With businesses large and small rushing to jump onto the Beacon bandwagon, it can be hard to keep track of who, where, why and how's of the Beacon revolution. Luckily PYMNTS is keeping track of all of that for you. Check out the latest updates...
John Lewis Partnership announced earlier this week that in order to drive supplier innovation, the company could opt for crowdsourcing as a solution. John Lewis Procurement Director Paul Bestford told Supply Management that problems and issues could be posted on a crowdsourcing platform and a...
eBay’s e-commerce division, eBay Enterprise, announced that two of its products sold through the Magento platform will be shut down as of February 1, 2015. As reported by Internet Retailer, both The Magento Go and ProStores platforms, which count as clients 10,000 merchants, will be...
Researchers recently discovered a crypto key vulnerability that puts 86 percent of Android users at risk, according to several reports. This type of security flaw can give hackers the opportunity to access banking information, virtual private information or even a user’s lock pin screen. As...
Connecting with one another through social networking sites like Facebook and Twitter is fairly commonplace for individual consumers. But what benefit can “likes” bring to the procurement industry? According to a recent survey, procurement-specific social networking sites are the future, and purchasers are excited to...
Moven wants to make it easier for users to manage their spending with their smartphones by offering app-based money management tools. Investors are taking notice, the company just closed a Series A funding round led by SBT Venture Capital that leaves the startup $8M richer....
Foreign exchange payments and subsidies provided by the Ghana government are helping to overcome fuel shortages that have hampered the country for more than a week. The subsidies should help distributors to buy more oil from other countries.
Japan-based payments network JCB is to begin testing a contactless payments service in Tokyo this month, ahead of a commercial rollout in 2015. The EMV-standard technology will be available in plastic cards, mobiles and wearable devices. “As card payment markets develop in emerging economies in Asia and...
