News

BlueSnap
Taking the Salesforce Model to Cross Border Payments
May 30, 2014

For merchants looking to sell outside of their own country, integrating with country-specific currencies, languages, payments methods, tax and customs requirements and logistics can make the process beyond tedious. But what if there was a “commerce as a service” platform that made enabling cross border...

Financial Inclusion
Chase Launches Consumer Financial Solutions Lab
May 30, 2014

A new five-year initiative that brings together social entrepreneurs and leading experts in technology, behavioral economics and design to improve consumer financial capability now has a $30 million backer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Mobile Commerce
Survey: Consumers To Spend More on Travel This Summer
May 30, 2014

American Express Travel released a survey this week that showed U.S. consumers are willing to pay a little bit extra this summer to book their dream vacation. Nearly 300 travel counselors were interviewed, and almost half – 45 percent – said that they saw increases...

Financial Inclusion
GlobalCollect Deal Fattens Virtual Piggy’s Processing Capabilities
May 30, 2014

Virtual Piggy Inc., provider of the Oink payment technology for families and teens, has entered into a partnership with processor GlobalCollect for international processing support, the companies announced May 29. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Alternative Finances
New Virus Targets Global Financial Institutions
May 30, 2014

Security researchers are warning of a new Trojan that combines elements of the Zeus and Carberp families of malware that is targeting more than 450 financial institutions, mostly in the U.S., U.K. and Australia. Get the Full Story Complete the form to unlock this article...

B2B Payments
NHS Shared Business Services Makes E-Invoicing Push
May 30, 2014

NHS Shared Business Services (NHS SBS) announced this week that it has partnered with the Tradeshift e-invoicing platform to eliminate its reliance on paper invoices and to improve the payment process for health care organizations and their suppliers. Get the Full Story Complete the form...

B2B Payments
Australian Customs Set To Finalize E-Gate Deal
May 30, 2014

Australian Customs is one step closer to choosing its supplier to upgrade its fleet of electronic gates installed inside the country’s international airports. According to a recent iTnews article, Customs has narrowed it down to two global firms France’s Morpho and Portugal-based Vision-Box for the...

B2B Payments
Capital Business Credit Creates Credit Extension Offer For Importers
May 30, 2014

Commercial finance company Capital Business Credit (CBC) announced recently that it now has an option for importers to extend their credit terms. According to a Trade Financing Matters blog post, CBC developed Supplier Early Payment (SEP), which allows importers to extend credit for up to 90...

International
New Korean eCommerce Firm Raises $100 Million
May 30, 2014

Coupang, a 4-year-old South Korean eCommerce firm, reportedly has secured a Sequoia-led $100 million funding round, pushing its valuation above $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...