It had been known since the summer of 2013 that The European Parliament’s Economic and Monetary Affairs (ECON) Committee would vote to introduce a cap on multilateral interchange fees (MIFs) for credit and debit card payments. In a controversial move, the ECON Committee decided to...
According to a study released by ecommerce software company Hybris, in conjunction with Econsultancy, it was determined that B2B ecommerce in Australian and New Zealand is lagging behind B2C and the rest of the world. The research report, the ‘State of Ecommerce in Australia and...
Minneapolis-based start-up Apruve started with a simple goal: making painful, time consuming purchasing-and-approvals processes that often plague small businesses and school districts a thing of the past. Instead of making purchases personally or with institutional cares, Apruve-affiliated merchants offer a “pay with Apruve” button. Employees looking...
Small-business lender, Kabbage, will soon be white-labeling its service to a large financial services company. The online lender recently secured a $270 million credit line from Guggenheim Securities, the investment arm of Guggenheim Partners. Kabbage and other online lenders target the lengthy list of merchants...
The Global Business Travel Association expects business travel to continue rising for the rest of the year. In a report released today, the GBTA significantly increased its forecast for the year, driven in large part by healthy corporate profits, rising management confidence and increased job...
An Estonian accelerator that was behind the startups including WappZap, EpicList and Cloudtex announced that they will change their focus to B2B commerce. Startup Wise Guys are adjusting their program accordingly by launching “BusinessTech” that will focus on business partnerships. They plan to focus on...
Bank of America Merrill Lynch announced the introduction of CashPro Bill pay to the firms offering of payment solutions for their business clients. CashPro BillPay will small to medium sized companies develop a paper-free payment process allowing for more automation, control and precisions in payments...
Bank of America Merrill Lynch, a leader in card services for middle-market, large corporate and public sector clients, announced that it is expanding chip and PIN technology to all purchasing and travel credit card products available to clients in the United States. BOA Merrill introduced...
