News

International
Amid Trade Tiff, China Offers to Buy $70B of US Goods
June 06, 2018

In a new wrinkle tied to the tariff tiff between the United States and China, the latter said it would be amenable to buying roughly $70 billion of U.S. farm and manufacturing goods. That buying spree would come if the U.S. walks away from levying tariffs...

B2B Payments
Blockchain Will Test Investors’ Patience, Experts Say
June 06, 2018

Blockchain has issued many promises in the financial services space, vowing improved efficiency, heightened transparency and unmatched security. The debate continues over whether distributed ledger technology can fulfill those promises, but analysts today say that, whether these benefits are actualized or not, markets will have...

B2B Payments
Sodexo Collaboration Launches T&E Mobile App Rydoo
June 06, 2018

Travel and expense management mobile app Rydoo has made its market debut as a result of a collaboration between Sodexo, Xpenditure and iAlbatros, the companies announced Tuesday (June 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
SAP Consolidates Front-Office Software, Announces CoreSystems Takeover
June 06, 2018

SAP has announced what Reuters called “its biggest product makeover in years,” as the enterprise software conglomerate steps up against rivals. The publication said Tuesday (June 5) that SAP is consolidating its sales, marketing and customer service software, bundling the offerings into a suite of...

Investments
Bird Scoots Closer To $1B Valuation With $200M Funding
June 06, 2018

Electric scooter-sharing startup Bird has authorized a new $200 million round of funding that bring its valuation to around $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
Continental Blocks Workers From Using WhatsApp, Snapchat
June 06, 2018

Employees at German automotive supplier Continental AG can no longer use WhatsApp or Snapchat on their company phones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Payment Methods
Acorns Takes 10K Pre-Orders For New Payment Card
June 06, 2018

Acorns, the mobile investing platform that takes spare change and invests it on behalf of its customers, has generated 10,000 pre-orders for its new rewards debit card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Europe
SWIFT Caught Up In The Squeeze Over The Iran Deal
June 06, 2018

SWIFT, as an organization, bills itself as a neutral player in the global economic system. That’s why the recent international flare-up over U.S. President Donald Trump’s decision to reimpose sanctions on Iran has hit the firm as a fairly direct challenge. Get the Full Story...

eCommerce
Interac, Bambora Ignite X-Border eCommerce Payments
June 06, 2018

Through an effort with international payment service provider Bambora, Interac Corp. will soon allow Canadians to use Interac Debit to pay for eCommerce purchases from merchants domestically and cross-border, Interac said in an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...