News

B2B Payments
Accounting’s Evolution Leads Xero To Petition For Oxford Definition Change
January 28, 2019

Xero has started an online petition to convince The Oxford English Dictionary to change its “archaic” definition of the word “accountant.” 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
Mixing AWS, Azure Creates Cloud Spend Challenge For Corporates
January 28, 2019

Corporates are quickly embracing the cloud and Software-as-a-Service (SaaS), leading to fierce competition between some of the largest enterprise cloud service providers on the market today. But a new report from Kentik, a network analytics firm, says corporates actually tend to use cloud services from...

Mobile Payments
Samsung Adds Millions To Mobeewave’s Series B
January 28, 2019

In November 2018, Mobeewave announced that it had closed a big Series B round. Led by NewAlpha Asset Management, Mastercard and Forestay Capital, the $16.5 million round was described by Benjamin du Haÿs, co-CEO and co-founder of Mobeewave, as “a major market validation of our payment acceptance platform.”...

Investments
Porsche, BMW-Backed Urgent.ly Raises $21M For Roadside Assistance
January 28, 2019

Roadside assistance startup Urgent.ly has raised $21 million in a Series B round that included venture arms of BMW, Porsche and Jaguar Land Rover. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
India’s Reliance To Raise $563M To Take On Amazon, Walmart
January 27, 2019

Reliance Industrial Investments is gearing up to raise ₹4,000 crore to meet the company’s investment requirements and needs for funding, reported Deal Street Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Fraud Makes Headway Via ‘Payroll Diversion’
January 25, 2019

Corporate fraud – from within the company, and from without – continues to make headlines and headway, with the past week having seen some revisits on stories from even a few years back. Get the Full Story Complete the form to unlock this article and...

Payment Methods
Microsoft Wallet App To Be ‘Retired’ On Feb. 28
January 25, 2019

Microsoft Wallet app, the company’s cashless mobile payment app, will be discontinued at the end of February, the company said on its website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Credit Suisse Out $60M After Chinese Boycott Of Canada Goose
January 25, 2019

Credit Suisse Group AG, a global financial services group, lost about $60 million after shares it held in Canada Goose plummeted in value during tensions between China and Canada over the arrest of Meng Wanzhou, an executive at Huawei, according to a report in Bloomberg....

Cross-border Payments
Smartphone Makers Press India For Export Credits, Lower Tariffs
January 25, 2019

An association of smartphone manufacturers that includes Apple, Huawei, Oppo and Foxconn has submitted a 174-page report to the Indian government asking for export credits on units and tariff cuts on imported parts, according to Reuters. Get the Full Story Complete the form to unlock...