Visa U.S.A. has introduced a new non-card based electronic payment and information management service designed to help eliminate the use of paper checks in the business-to-business (B2B) marketplace. The new service called Visa Commerce is designed to simplifying the procurement process. Visa Commerce represents an entirely new model in commercial payment. It allows the buyer to determine when to initiate electronic payment, defer settlement of the payment based on pre-established terms with suppliers and transact the type of B2B payments needed in the procurement environment in any amounts up to US$10 million per transaction.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.