Talk of “friction” in the payments industry is mostly about removing obstacles to consumer transactions, and how easily (or not) those payments get processed on the backend by merchants and banks. But there are other types of unwanted friction in finance. Big corporations and small...
Corporate profits are at all-time highs and the markets are mad bullish. So why are companies “borrowing” $1.6 billion a month from employees, in the form of business expenses being paid with personal monies and reimbursed later? It’s an excellent question, and one that virtual...
Corporate accounting standards are headed for more changes after the International Accounting Standards Board (IASB) proposed changes to how businesses report operating profit, the Financial Times said on Tuesday (Dec. 17). According to reports, the IASB is seeking revisions in accounting standards to clarify performance...
American Express announced Thursday (Nov. 15) the launch of American Express Go, a new digital service aimed at helping mid-sized and large companies handle business expenses for temporary workers, recruits and employees without corporate cards. In a press release, American Express said American Express Go...
November 15, 2018
American Express announced Thursday (Nov. 15) the launch of American Express Go, a new digital service aimed at helping mid-sized and large companies handle business expenses for temporary workers, recruits and employees without corporate cards. In a press release, American Express said American Express Go features a virtual card that can be used online and […]
October 13, 2015
Expense management and reporting software company Xpenditure announced yesterday (Oct. 12) it secured $5.7 million in its Series A funding round. The company confirmed its new capital will be used...
