Despite the mixed earnings seasons, many leading banks saw profits from the cash management, trade, liquidity and commercial and escrow services business units. Treasury Services seems to be the rising tide that lifted all bank boats, at least in Q1.
Online small-and-medium-sized business (SMB) alternate loan underwriter has raised more industry waves by closing out a $50 million series D equity financing round. This follows the company’s announcement last month of the closing of a $270 million credit facility that will allow small businesses that use its online platform...
There are a lot of things that get in the way of enterprises using electronic methods to pay each other. One of the biggest is forcing buyers and suppliers to adapt to entirely new processes. NVoicePay says it has cracked the code on supplier enablement...
Ebix, Inc an international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries announced that the Company’s Risk Compliance Solutions — RCS Division signed a contract with Walmart Canada Corporation to monitor and track certificates of insurance for Walmart. The...
Fidor Bank in Germany becomes the first bank to introduce Ripple Labs (formerly OpenCoin)’s Ripple real-time global settlement protocol. This first of its kind deployment will make payments between bank individuals and businesses as easy as sending an email.
As reported by PYMNTs earlier, a new security flaw has been found that effects the many, many websites that make use of OAuth or OpenID log-in tools. Called the Covert Redirect flaw, this serious hole makes it theoretically for cyber-criminals to create malicious phishing links to capture...
Russian President Vladimir Putin has signed into law legislation that puts major constraints on foreign card brands doing business in that country, especially Visa and MasterCard. What's the deal? Billions in security deposits if they want to do business in the country.
Foursquare and Simplivity are among the companies who have already received some funding.
Performance Team has emerged as a logistics service provider that offers clients customized logistics solutions at reasonable prices. The logistics and transportation company has a fleet of over 350 trucks that process approximately one hundred billion dollars in wholesale goods annually. Get the Full Story...
