News

SBA Loan Program Dodges A Bullet
April 30, 2015

The U.S. Small Business Association’s flagship loan program is fast approaching its lending cap, with just five months remaining in the fiscal year. Last week, the Senate’s Small Business and Entrepreneurship Committee took the first step in avoiding a possible lending freeze by passing legislation...

EU Late Payments Irk Asian Markets
April 30, 2015

The global late payments problem seems to be spreading. While U.K. small suppliers champion reform to combat being burdened with longer terms by their large, corporate buyers, recent research reveals that late payments are an issue among many Western Europe markets. Get the Full Story Complete the...

New Booking.com Unit Brings Web Design To Hotels
April 30, 2015

While largely seen as a travel booking service for individuals, Booking.com is quietly strengthening its B2B relationships. The company just announced the launch of a new digital B2B service, BookingSuite, a separate unit of Booking.com that allows accommodation providers to launch their own digital presence....

B2B Payments
Bigcommerce Acquisition Boosts Omnichannel Support
April 30, 2015

Bigcommerce has emerged as an integral part of B2B eCommerce. Earlier this month, the platform revealed that it would partner with Alibaba to link Bigcommerce business customers to Alibaba’s network of suppliers in China. And just weeks ago, the firm announced a new partnership with...

Green Dot Bank Goes With MasterCard
April 30, 2015

MasterCard has been given the green light by Green Dot Bank. 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 completing...

Alibaba Aims For Efficiency As Jack Ma Halts Hiring
April 30, 2015

Having taken a head count at his company, Alibaba’s Jack Ma is looking to cool down on hiring new people — as in, no more for the rest of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Alternative Finances
Bitcoin Startup Circle Snaps Up $50M From Goldman Sachs
April 30, 2015

Jeremy Allaire’s bitcoin startup Circle has just secured $50 million in funding from Goldman Sachs and IDG Capital Partners, the company reported on its blog yesterday (April 29). Goldman and IDG join previous Circle investors Breyer Capital, General Catalyst Partners, Accel Partners, Oak Investment Partners, Fenway...

Amazon Rival Jet Has A Secret Investor (It’s Alibaba)
April 30, 2015

Taking a cue from the ancient wisdom that says the enemy of my enemy is my friend, Chinese eCommerce mega-player Alibaba was an investor in Jet.com’s $140 million funding round in February, which was led by Bain Capital, according to Forbes. Get the Full Story...

Lyst Raises $40M To Streamline Online Shopping
April 30, 2015

Lyst is now $40 million richer and ready to expand into the international arena at the conclusion of its latest funding round, Fortune reported today (April 30). The eCommerce site can now count Groupe Arnault, the investment firm controlled by LVMH CEO Bernard Arnault, among its...