Consumers’ Spending Blows Past September Estimates
U.S. consumer spending saw its largest increase in more than eight years in September, buoyed by the replacement of flood-damaged vehicles in Texas and Florida, according to a Monday (Oct. 30) Reuters...
View ArticleBusiness Spending Buoyant In October
Despite new orders for key U.S.-made capital goods unexpectedly falling in October, a steady increase in shipments is a sign of strong business investment and a boost for the economy. According to news...
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Living Up To The Hype (Or Not)
The hype is everywhere. It’s easy to get swept up in a world full of the “next big things.” Easy — but as Karen Webster pointed out in her commentary this week, not entirely wise, because lots of...
View ArticleUS Economy Grows In Q2; GDP Up 4.2 Percent
U.S. economic growth in the second quarter had its strongest performance in nearly four years, but there are signs that momentum is slowing down a bit. Reuters reported that the second quarter numbers...
View ArticleLyft, Uber, Amazon: Employees’ Top Expense
Lyft cracked the Top 10 of most frequently expensed U.S. business costs for the first time, reaching number six. According to data from Certify, the most used vendor in Q3 of this year was Uber, which...
View ArticleFive At Five: Apple Comes Out Big On Alibaba Singles Day
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest results from China’s massive eCommerce spectacular, and eBay’s new bid to get...
View ArticleEx-Fed Chief Yellen Sees Slowdown In Biz Spending
Former Federal Reserve Chair Janet Yellen says signs are pointing to a slowdown in business spending in 2019. “All the hard data that we have on economic activity suggests that things are in good...
View ArticleBusiness Banking Co Pleo Shifts To Credit Cards
Pleo, a business banking company, has announced that it is pivoting its business model in partnership with JPMorgan and Mastercard, and will now offer company credit cards instead of prepaid spending...
View ArticleEquipment Order Slide Hints At Business Caution, Recession
Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond will likely get a lot tougher, as business spending...
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Extend and Bank of the West Team on SMB Virtual Cards
Virtual card and spend management platform Extend is now collaborating with Bank of the West to enable small to medium-sized businesses (SMBs) to add Extend’s capabilities to their existing Bank of the...
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How Generative AI Is Driving Spend Management Innovation
The viral success of ChatGPT points to the huge potential of generative artificial intelligence (AI) tools to be a major game-changer for businesses. In the spend management space, for example, Jamie...
View ArticleVirtual Cards Let Firms Simplify and Control Their Business Spend
Every workflow will eventually be disrupted — or digitized — over a long enough horizon. After all, nothing is perfect. Any process can be improved by a business that knows what it wants to get by...
View ArticleHow CFOs Can Seamlessly Navigate the Rise of Employee-Initiated Spend
The operating environment’s ongoing digital transformation has created an increasingly dynamic reality for organizations. One area where this impact can be seen is the new normal of hybrid work, which...
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