Record Online Spending and the 'Buy Now, Pay Later' Trend
During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.
Major U.S. Banks, Including Bank of America and Chase, Face Delays in Processing Direct Deposits Due to ACH Issue
Bank of America and several other major U.S. banks, including Chase, U.S. Bank, Truist, and Wells Fargo, have experienced issues with processing direct deposits, causing delays for customers.
Large Companies Face Limits on Delaying Payments
According to recent working capital research by The Hackett Group, the largest US companies are finding it increasingly difficult to extend payments to suppliers, indicating a potential ceiling on the practice of supplier payment terms optimization.
Rise in Fare Evasion Threatens Cashless Toll Roads, Prompting Officials to Consider Toll Increases
Cashless toll roads, which replaced human toll collectors with electronic fee-collection systems, are facing a growing problem of fare evasion as traffic returns to pre-pandemic levels.
Insurance premiums may calm in 2023, providing carriers some relief
After years of insurance premium hikes, carriers may see some light at the end of the tunnel in 2023.
South American Beef Inc. has filed for Chapter 11 bankruptcy
The West Des Moines, Iowa-based frozen meat importer filed its petition with the U.S. Bankruptcy Court last week, leaving many trucking and logistics firms out to dry.
Trucking looking at crypto and decentralized finance models to streamline industry payments
According to Allied Market Research, the 2021 global freight trucking market was worth over $2.7 trillion.
Paper checks should be obsolete, say carriers and shippers
The financial enablement platform Denim surveyed 168 freight brokers and over half had something in common: 60% said they still pay with paper checks and 68% said that eliminating them would improve operations. So, what gives?
Peak season charges are being rolled out by Amazon
Peak season is right around the corner - and Amazon knows it.
Actually yes, 87,000 new IRS agents are likely to audit you
Regardless of what the Biden Administration says to quell frustration, the fact of the matter is that 87,000 new IRS agents are more than three times what would be needed to audit households that make over $1 million.
Early payments offered to Dick’s Sporting Goods vendors to increase inventory diversity
As part of the company’s progress toward diversifying suppliers for its retail stores, Dick’s Sporting Goods announced that they have partnered with capital platform C2FO.
“Buy Now, Pay Later” options are being utilized for everyday expenses at an alarming rate, concerning economists further
While ”Buy Now, Pay Later” was originally an option made for big-ticket items, the trend in usage for everyday items is troubling.
AtoB trucking payments digital platform partners with World Economic Forum’s Global Innovators Community
The Global Innovators is an invitation-only community that honors up-and-coming start-ups in the tech and business realms.
“Buy now, pay later” has its pros and cons
The “buy now, pay later” method is becoming more and more common at large retailers, but small businesses are looking to cash in.
Accounts Payable should be a priority for logistics managers
Fostering good and cohesive relationships with suppliers may not be a top priority for a logistics manager.
Expedite payments online for speedy cargo flows
E2open and PayCargo, digital online payment companies, claim that partnering with them would increase cargo flow productivity.