Flipkart’s $1 Billion Bet On India
Flipkart’s $1 Billion Bet On India
July 30, 2014  |  International

The brainchild of two former Amazon executives founded in 2007 saw this newest massive cash injection come from  existing investors – including Tiger Global Management...

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Amazon’s $2 Billion Bet on India
Amazon’s $2 Billion Bet on India
July 30, 2014  |  International

Flipkart, India’s answer to American style eCommerce founded by two former Amazon employees, had almost 24 hours to enjoy their extremely lucrative billion dollar funding...

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BT Extends Tungsten Contract For Global E-Invoicing
BT Extends Tungsten Contract For Global E-Invoicing
July 30, 2014  |  B2B Payments

Telecommunications firm BT Group announced this week that it had extended its contract with electronic invoice company Tungsten. The two firms have worked together since...

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FDIC Reverses Operation Chokepoint Merchant Rulings
FDIC Reverses Operation Chokepoint Merchant Rulings
July 30, 2014  |  Cool

Operation Chokepoint’s efforts to hit companies suspected of illegal activities where it counts - their bottom lines – may have, well, been a little choked...

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Why Facebook Unfriended E-Commerce
Why Facebook Unfriended E-Commerce
July 30, 2014  |  News

Facebook on Tuesday (July 29) confirmed that it has killed the last remnants of its direct E-Commerce operation, with plans to fully shutter its Gifts...

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U.S. Bank Launches Tools For Cardless Payments
U.S. Bank Launches Tools For Cardless Payments
July 30, 2014  |  B2B Payments

U.S. Bank will introduce new tools designed to improve virtual spending options for corporate travel at the Global Business Travel Association’s annual conference this week,...

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Alipay Partners Amadeus To Take On Travel
Alipay Partners Amadeus To Take On Travel
July 30, 2014  |  International

Users of travel technology provider Amadeus will soon have a new payment option open for completing bookings.  The two companies have announced a strategic collaboration...

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United Nations Cautions Against Paying Contractors In Cash
United Nations Cautions Against Paying Contractors In Cash
July 30, 2014  |  B2B Payments

If state partners pay vendors for their services in cash before implementation, vendors could be tempted to discontinue supplies before implementation, says the United Nations...

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Recent Grad Hacks Gift Cards To Up Their Value
Recent Grad Hacks Gift Cards To Up Their Value
July 30, 2014  |  News

Muneeb Akhter failed at the first, and arguably most important, test of being a criminal mastermind—do not tell people enthusiastically about being a criminal mastermind. ...

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