One of Europe’s biggest hedge fund managers, Marshall Wace LLP is investing in P2P in a substantial way. The portfolio will include a closed-ended P2P Global Investments PLC fund, run by Marshall Wace. It is aiming to raise $310 million in an initial public offering, but that...
General Electric has contracted with the Tungsten Network to roll out a a multi-year e-Invoicing program into every GE operation globally, according a a release earlier today. The partnership could involve potential invoice volumes of over 16 million per year. Get the Full Story Complete the form...
The three current and two future member states of the East African Community (EAC) – Kenya, Uganda, Tanzania Burundi and Rwanda – have signed a memorandum of understanding on currency convertibility, reports Coast Week. Get the Full Story Complete the form to unlock this article and...
MasterCard has announced that it intends to purchase Pune-headquartered ElectraCard Services (ECS) from Opus Software. The terms of the deal have not yet been disclosed and the deal is expected to close sometime around the end of the second quarter of 2014. Get the Full Story...
Visa, MasterCard and American Express have had a firm grip on the global commercial card market for years. While they still maintain that control, China UnionPay, which recently overtook Visa as the world’s top debit card network, is seeing fast expansion of its commercial card...
Ever wonder really how money flows between businesses cross border? Well, you sort of need a scorecard given its complexity, number of payments methods and the role of new players in introducing new options. Here’s our take on just how it happens, region by region...
What does it take to bring real-time billing, ordering and settlement in the electric utilities industry? Sometimes it means revamping the entire purchase to pay cycle to include payment. Find out what American Electric Power recently introduced and how it’s improving cash flow.
The Canadian dollar firmed modestly against the greenback on Thursday after data showed domestic manufacturing sales rose in March for the third month in a row. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Payments is full of good ideas. So many good ideas that it can some times be hard to keep track. We want to help, with a weekly spotlight on who's bringing new ideas, fresh insight and singular vision to the ecosystem. This week we caught...
