Category: Business

Amazon Offers Free Shipping Without Minimums

To provide customers with faster and more convenient shipping options, Amazon plans to offer free shipping without minimum purchase on “orders that will arrive in time for the Christmas holiday” beginning on Monday (November 5). The offering is available for hundreds of millions of items, the retailer said in an announcement. Amazon Senior Vice President of North […]

Data Dive: Walking The Walk Edition

There is an election in the U.S. tomorrow, a hotly contested one on many fronts. In the months leading up to it, the world has become a very talky place. And, until the ballots are all cast and counted, we will see a lot more conversation, but not much action, particularly on cable news. Luckily for the news-hungry, […]

Billtrust And Visa Launch B2B Payments Platform For Buyers And Suppliers

Visa and Billtrust today (Nov. 5) announced the launch of the Billtrust Business Payments Network (BPN), an open buyer/supplier payments platform that Billtrust CEO Flint Lane said will do what other B2B payment platforms have struggled to do: put paper checks on the path to extinction by streamlining and digitizing payments between businesses — and […]

Tencent Steps Into Blockchain Trade Finance Space In B2B Push

Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov. 2). The company announced plans to develop a blockchain-powered supply chain finance solution, WeChain, which Tencent Blockchain general business manager Aaron Cai said “will empower […]

TreasuryXpress, Hedgebook Join Forces For Mid-Market Treasurers

TreasuryXpress has announced a partnership with Hedgebook, a global provider of Cloud financial risk and derivative management software, to enable underserved mid-market treasury organizations with complex cash and risk management requirements. “Mid-market treasuries have the same treasury and financial risk management complexities and requirements as many Fortune 1000 or 500 organizations. However, they often do […]

Head Of UK’s Financial Reporting Council Quits Amid Scrutiny

The head of the U.K.’s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent corporate accounting scandals and industry failures. Reports in Reuters on Friday (Nov. 2) said FRC chief executive Stephen Haddrill will leave the post as the government continues its review of […]

How Small Businesses Ride Their Payment Rails

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.” “Governments, financial institutions, businesses […]

UK Accounting Trade Group Weighs In On Late Payments

It’s no surprise that late payments continue to dominate the corporate landscape in the U.K., in the aftermath of the Carillion collapse at the beginning of this year. To that end, U.K. politicians from both sides of the aisle have backed a series of proposals that seek to curtail late payments across supply chains in […]

CMB Ushers China Into Blockchain eInvoicing

China Merchants Bank (CMB) announced that it has become the first bank in the country to issue blockchain electronic invoices. According to China Knowledge, the news comes just one month after the bank revealed its intention to launch a blockchain eInvoice. Management at the Shenzhen branch explained that the technology, which is connected to the blockchain […]

China To Increase Regulation Of Financial Holding Companies

China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. According to a report in Reuters late last week citing state news agency Xinhua, the new regulations would be aimed at reducing the debt risks among financial holding companies including Suning.com, […]