News

BarclayCard Kills Orange NFC Pilot
September 05, 2014

Barclaycard and U.K. mobile operator Orange are shutting down their Quick Tap mobile NFC payments service on Oct. 30, according to Finextra. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Merchant Innovation
The Samwer Brothers Launch $3.5 Billion E-tailer
September 05, 2014

Rocket Internet, the Samwer brothers’ startup incubator, is combining five of its regional ecommerce companies into a single business, Rocket announced on Thursday (Sept. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

In Depth
Can A Subscription Fashion Retailer Be Worth $1 Billion?
September 05, 2014

Subscription fast-fashion retailer JustFab is now a billion-dollar business. The startup now reportedly has a $1 billion valuation after closing an $85 million funding round in late August, the Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...

Controversial
Apple To Get Rebates From Issuers on Fees
September 05, 2014

Apple has reportedly negotiated deals with several leading issuers to extend card present rates to Apple for all transactions involving their cards with Apple’s new mobile payments scheme. On top of that concession, they have agreed to give Apple back part of the card present...

B2B Payments
UK Packaging Company Turns To Factoring For Needed Funds
September 05, 2014

Karl Hannaford of USP Packaging has had his share of success, having for years provided disposable catering products and tamper-evident containers to UK food businesses. However, the United Kingdom-based company’s bank reportedly turned down his request to finance the launch of a new range of...

B2B Payments
July U.S. International Trade Deficit Dips Slightly
September 05, 2014

U.S. international trade in goods and services in July showed a slight deficit improvement from June, with growth in exports outpacing an increase in imports, new data from the U.S. Census Bureau and U.S. Bureau of Economic Analysis show. Get the Full Story Complete the...

B2B Payments
Mobile Payments Changing The Face Of Agriculture World Wide
September 05, 2014

For farmers across the developing world, being trapped in a cash-based economy is costly.  Those costs come in all forms—what commodity buyers farmers can work with, security risks associated with constantly carrying around large wads of currency, the unpredictable price fluctuation and pressure to produce...

Basware Will Work Cooperatively To Develop E-Invoice Based Factoring
September 04, 2014

E-Invoice specialists Basware has signed a Letter of Intent agreement with Arrowgrass Capital Partners under which the two entities will work jointly to develop a new e-invoicing based factoring service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Oil Field Service Company Choses Amalto For E-Invoicing
September 04, 2014

Stallion Oilfield recently announced that it signed a multi-year contract with B2B integration and electronic document exchange services company Amalto Technologies. Stallion provides onshore workforce accommodations and related wellsite services to the oil and natural gas industry in the U.S. Get the Full Story Complete the...