News

How Gold Can Ease B2B Payment Friction
August 19, 2015

Gold-based financial services and technology firm GoldMoney has just made it easier for businesses to conduct payments with the metal. On Tuesday (Aug. 18) the company revealed that its BitGold “Aurum” settlement services are now integrated with nine leading U.S. financial institutions via ACH. Get...

Wells Fargo Taps New Supply Chain Finance Head
August 19, 2015

The corporate lending unit of Wells Fargo, Wells Fargo Capital Finance, has hired a new leader for its European supply chain finance initiatives. In an announcement yesterday (Aug. 18), the corporation revealed Nick Lawrence will take up the post as managing director of supply chain...

India Poised To Flood New eProcurement Portal
August 19, 2015

Cloud-based eProcurement firm cloudBuy is anticipating high volume over its platform from India businesses — to the tune of billions of dollars. Reports published in The Economic Times of India on Tuesday (Aug. 18) said the U.K.-based company expects between $3 billion and $5 billion worth...

New Target Exec’s Supply Chain Challenge
August 19, 2015

With just hours to go before reporting its Q2 earnings, Target made a big announcement: The retail corporation has hired a new chief operating officer to spearhead its supply chain efforts. Reports said the move is part of Target’s ongoing efforts to overhaul its relationship...

eBay Shrinks Snapdeal Stake To Invest More Into India
August 19, 2015

In an effort to push more money into its own India eCommerce site, eBay has sold part of its stake in the Indian eCommerce site Snapdeal, the company announced yesterday (Aug. 18). Get the Full Story Complete the form to unlock this article and enjoy...

Mobile Commerce
France Backs Taxi Industry By Mimicking Uber’s Tech
August 19, 2015

France is looking to shield its taxi drivers from Uber by adopting some of the very business practices utilized by the tech upstart, Reuters reported Tuesday (Aug. 18). The key initiative is the adoption of a nationally oriented “electronic availability register” that has some of...

Exclusive Series
Loyalty Bay’s Loyalty Play and GE Brings Big Deals To Life
August 19, 2015

With $22B in transactions so far this month, these are anything but the “dog days” of summer. Loyalty Bay is the latest venture to try a new twist on an old payments staple – loyalty – and GE made Goldman Sachs a deal they couldn’t...

Merchants Call Out Feds’ Debit Card Reform Mistakes
August 19, 2015

When it comes to managing money, nobody’s perfect — and that includes the Federal Reserve System. 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 daily newsletter,...

Merchant Innovation
Steady. Predictable. Revenue. Stream.
August 19, 2015

What CFO (or CEO for that matter) doesn’t love hearing those four words? Vesta Corporation CMO Tom Byrnes tells PYMNTS that delivering on that proposition is possible when payments processing is turned into a revenue generating opportunity. And that, Byrnes says, starts with another phrase...