Payments News

On The Web

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Deals

Goldman Sachs Leads $250M Tradeshift Funding Round

“Tradeshift enables supply chain payments and marketplaces for more than 1.5 million businesses globally, including global giants such as HSBC, Societe Generale, Air France-KLM, DHL and Fujitsu. Launched in 2010, the Danish firm’s ecosystem now enables alternatives for trade financing, spend and receivables management, lending and payments, and private marketplaces, helping to unlock what it […]
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Systems

Why Blockchain Could Revolutionise Trade Finance Documentation

“These processes suffer greatly from built-in inefficiencies and it is not surprising at all that escrow payments, trade finance and processing and document store have all been identified as potentially benefitting from the application of blockchain. Fuelled by smart contracts to mediate payments, goods delivery and shipment updates, an new solution is being crafted by the […]
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Systems

Home Depot Sets $1.2 Billion Supply-Chain Overhaul

“The home improvement retailer will add 170 distribution facilities across the U.S. so that it can reach 90% of the U.S. population in one day or less, said Mark Holifield, the company’s executive vice president of supply chain and product development. The new sites will include dozens of direct fulfillment centers for next-day or same-day […]
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Systems

UN Trade Body Examines Blockchain’s Potential In Supply Chains

“[T]he United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has just published a white paper – now available for public review – that studies the nascent technology to see if it offers benefits that could impact its work or that of businesses and organizations. With developing standards for trade facilitation and supply chain automation already a core […]

On The Wires

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Companies

Wirecard Launches Supply Chain Payment Platform Based On Blockchain Technology

“Wirecard is expanding its existing digital payment and banking platform with the supply chain payment solution based on blockchain technology. The prototype focusses on linking merchants with producers, capturing all business processes in so-called “smart contracts” – digital contracts based on blockchain – while minimizing the risk of fraud. In this way, all steps along […]