News

eBay UK Responds To Consumers After Coupon Flub
June 30, 2015

EBay UK’s promotional campaign that launched on June 15 backfired after its 20 percent off coupon redemption code failed to work, reports EcommerceBytes, which has been following the story closely. This week — 10 days after the initial problem — the marketplace sent an email to a customer...

GE Will Sell Fleet Financing Units For $6.9 Billion
June 30, 2015

Reports have surfaced for some time that GE is on its way out of the banking business, including a March announcement that GE might cut its commercial lending side. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Oracle Streamlines eCommerce With Cloud Commerce
June 30, 2015

On its quest to become the “world’s largest enterprise cloud company” — as Oracle CEO Mark Hurd recently declared — Oracle unveiled yesterday (June 29) its Oracle Commerce Cloud, an SaaS solution built for the Oracle Public Cloud. Oracle says its new Commerce Cloud utilizes the...

Amazon Launches SMB Lending In Eight Countries
June 30, 2015

Global digital commerce giant Amazon has been stepping up its game in the B2B services sector. The company recently launched a revamped version of its B2B online marketplace, Amazon Business, allowing businesses to connect with each other and sell and procure goods online. Now, the...

Does Consumer Confidence Match Their Spending?
June 30, 2015

[vc_row full_width=”” parallax=”” parallax_image=””][vc_column width=”1/1″][vc_column_text css_animation=”]An important predictor that helps retailers project just how much consumers are willing to spend is tracking how confident they are in the state of the economy. Get the Full Story Complete the form to unlock this article and enjoy...

CM Telecom Opens CM Payments Worldwide
June 30, 2015

A mobile service provider has expanded its way into the international payments space. 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, PYMNTS Today. By...

Merchant Innovation
Airbnb’s Luxury Rival Confirms $40M Funding Round
June 30, 2015

While all eyes are on the potential valuation of peer-to-peer lodging site Airbnb, which is expected to go as high as $24 billion, other players in the home rental business are doing their best to rack up financing as well. Get the Full Story Complete...

Smartphone Addiction Connects More To Mobile Banking
June 30, 2015

As more and more consumers stay connected to their smartphones, the same addiction seems to be translating to mobile banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
Lifestyle Mobile Payments App Banks On Affluent Millennials
June 30, 2015

Velocity, a lifestyle app enabling restaurant diners to pay and earn rewards right from their mobile devices, secured one of the largest Series A funding rounds for a U.K.-based company yesterday (June 29) when it closed $12 million from an international group of angel investors....