News

International
Money on Mobile’s News for 184K Indian Retailers
June 10, 2014

My Mobile Payments Limited (MMPL), which operates the m-money service Money On Mobile, acquired a significant stake in the Mumbai-based OSS India for an undisclosed amount. The funds will be used to bring financial support to OSS India to relaunch the service. Get the Full...

Merchant Innovation
PS4 Users Can Now Buy Games With Just Their Phone Number
June 10, 2014

Boku has joined forces with Sony to provide the Boku Payments Platform, a carrier-based billing service, for the PS4 account wallets in Canada, Germany, the United Kingdom and the United States.

International
PBOC’s Reports Become Accessible
June 10, 2014

Twenty companies applied for access to PBOC personal credit information database, as it’s a requisite for operations with personal financial information reports Caixin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Thai Coup Crippling Cross-Border Trade
June 10, 2014

Merchants on the Chom Jum Border between Thailand and Cambodia are not a happy group as trade as reportedly slumped steeply since National Council for Peace and Order (NCPO) seized power in Thailand, reports Bangkok Daily Get the Full Story Complete the form to unlock this...

B2B Payments
Michelin Acquires Brazilian Fleet Management Company
June 10, 2014

French tire-maker Michelin will pay $600 million to acquire Brazil-based fleet management and freight security company Sascar, reports the Global Post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Mobile Commerce
Why Unattended Retail is the “Crystal Ball” of Payments’ Future
June 10, 2014

What’s in a vending machine? Beyond the shiny new products allowing brick and mortar stores to branch out with distribution, there is perhaps a certain value in unattended retail machines that are changing the landscape of payments as we speak. In a recent podcast interview...

PayPal Founder Launches New Service (That Competes With PayPal)
June 10, 2014

PayPal co-found Max Levichin is back in the payments game, this time with the modest goal of recreating a consumer finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Former PayPal Exec Joins CommerceHub
June 10, 2014

Earlier this week, CommerceHub announced that it had hired former PayPal executive Craig Eckstrom as its Chief Revenue Officer. The cloud-based merchandising and fulfillment platform hopes to expand its B2B e-commerce network, as well as increase revenue growth, according to a CommerceHub statement. Get the...

Cool
Late Invoice Payments Harming Irish Firms
June 10, 2014

Better late than never. That adage might be true in certain scenarios, but not when it comes to small-to-medium-sized enterprises (SMEs) in Ireland making invoice payments. Research shows that not only are the majority of invoice payments late, but also that late or unpaid bills...