News

B2B Payments
Factris Consolidates Factoring Market With Acquisition
January 15, 2019

Netherlands-based factoring company Factris has announced the completion of its takeover of Lithuanian firm DEBIFO, the companies said Monday (Jan. 14). 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
Corporate Payments Firm AccessPay Secures US Backing
January 15, 2019

U.S. investors have placed new funds with U.K.-based corporate payments and treasury technology company AccessPay, reports in The Telegraph said on Sunday (Jan. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
Tech Executives Support The Trade War With China
January 15, 2019

Technology executives appear to back the U.S. trade war with China, with CNBC reporting some tech executives have expressed support for the fight with CNBC’s Jim Cramer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
HSBC Readies Blockchain FX Tool For Corporates
January 15, 2019

HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain. Now, the bank...

Investments
USA Tech Admits To Releasing Premature Revenues
January 15, 2019

USA Technologies issued an open letter on Monday (January 14) to shareholders, admitting that the company “had prematurely or inappropriately recognized revenue” in 2017 and 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

eCommerce
Amazon, Walmart Brace For New Indian eCommerce Rules
January 15, 2019

New restrictions in India are poised to have an impact on Amazon and Flipkart, affecting how each can do business on their online marketplaces. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Alibaba Shares Fall On Slowing Chinese Economy
January 14, 2019

Stocks for Alibaba, China’s eCommerce giant, are down 1.7 percent after the president of the company admitted that China’s consumer market is slowing down, according to reports.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
UnionPay Opens API To International Developers
January 14, 2019

UnionPay International, a subsidiary of Chinese financial services company UnionPay, is giving developers all around the world access to 18 of its mobile internet payment products, the company announced on Monday (Jan. 14). Get the Full Story Complete the form to unlock this article and...

Amazon Profile
Five At Five: Amazon’s New Cashback Idea
January 14, 2019

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest move by Amazon to attract more consumers in India, and the latest on a global ransomware attack. Goldman Sachs makes a cash management move, Panasonic...