According to a report by American Express Company and CFO Research, midsize firms need to find a balance between quality and price as they face competition from larger firms (view press release). ‘A Valuable Turn for Finance’ surveyed 275 senior finance executives at firms with annual revenue between USD 4 million and USD 2 million and found that 57% of midsize companies mostly face competition from larger peers which can deliver significant volumes of goods and services with smaller margins.
“There is now a heightened need for midsize companies to find new ways to compete with larger competitors whose size provides pricing advantages,” said Darryl Brown, President, Americas, Global Corporate Payments, American Express. “Customers demand competitive prices and sustained quality. This forces companies to extract greater value from suppliers, vendors and their own organizations through tight fiscal controls in order to drive growth.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.