The newly convened Euro Retail Payments Board (ERPB) is getting ready to create to working groups. The group’s area of study will be the role of mobile and ‘innovative’ payments methods. This will follow on the heels of the Eurzone’s SEPA migration. During their inaugural...
Skrill, a European e-wallet provider with 35 million users and Yandex.Money, the largest electronic payment system in Russia with 13 million users, signed a partnership last week which will enable Skrill to expand into Russia. As part of the deal, Yandex.Money will be integrated in...
A drive to reduce operating costs is motivating more companies to pursue eInvoicing strategies. However, a new report cites concerns over data security that has many organizations turning to third parties using cloud-based electronic billing services.
SEPA has dominated the headlines in Europe for years, and as the 2016 deadline approaches, more and more questions are being raised about its impact on B2B payments. Here’s the latest on what’s happening and what it means for businesses across the globe?
According to new data released by consulting firm Bain & Company, 55 percent of British internet users are aware of mobile payment options, but only 3 percent have actually used their mobile phones to pay for transportation or goods in real life. This data dovetails nicely...
A recent deal to provide online-booking services to IBM’s business-travel program is opening the doors to international opportunities for the business-travel unit of online-booking company Orbitz Worldwide. Under the agreement, Orbitz for Business will provide IBM support in 90 countries.
According to a new study by Visa Europe, the number of small businesses integrating mobile point of sale technology is on a sharp upswing and is set to take off dramatically in 2014, reports Finextra. Old concerns about the complexity and expense at accepting credit...
Citizens Financial Group Inc, the U.S. arm of the British Royal Bank of Scotland has filed with the Security and Exchange Commission for an initial public offering (IPO). Citizens provides retail and commercial banking services for about 5 million customers and is hoping to grow its...
Due to technical snags with a new software system, Chrysler is struggling to pay suppliers on time. The software program began on January 1st for about 1,500 suppliers. Walldorf, Germany-based SAP, designed the invoice and payment system, PentaSAP. The issues occur when suppliers submit invoices...
