News

B2B Payments
Payments Delayed After Egypt Adjusts Food Import System
August 07, 2014

Egypt recently changed its food oil import system, and according to several sources in the nation’s government and food industry, theshift is causing delays in some subsidized goods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Skylight Program Brings New Payroll Options To SMEs
August 06, 2014

Payroll and benefits company Paychex announced yesterday (August 5) that it had launched a new payroll card program with the help of Netspend and MasterCard. Called Skylight PayOptions Program, the new initiative gives SMEs another alternative to direct deposit and paper paychecks. With Skylight, employee...

B2B Payments
Accounting And Bank Payments System Moves To The Cloud
August 06, 2014

Payment provider CashFlows and cloud accounting firm Clear Books teamed up to create the first fully integrated cloud-based accountancy and online business banking service for SMEs. The two companies announced the launch of their new tool yesterday (August 5), and said that it will make...

B2B Payments
Potential Bug Takes Down CMS Physician Payment Site
August 06, 2014

The Centers for Medicare and Medicaid (CMS) was forced to temporarily shut down its verification system for its physician payment website after a glitch was discovered that at least one doctor had payments wrongly attributed to him. Get the Full Story Complete the form to...

B2B Payments
Payhub Announces Partnerships For Better Online Payments Capabilities
August 06, 2014

Last week merchant services firm Payhub announced that it added integrations with two third-party companies to improve its online payment options for customers. Multi-vendor shopping cart software company jMarket and open source shopping cart firm Opencart will both help Payhub improve its online payment options,...

News
How Did A 17-Year-Old Crack PayPal’s Two Factor Authentication?
August 06, 2014

PayPal has discovered yet another flaw in its two-factor authentication system. Actually, it’s more accurate to say that PayPal has had another flaw discovered for them.  What a teenager has done is turn PayPal’s two factor authentication into one factor authentication, if the shopper is...

Merchant Innovation
Groupon Loses Millions On eCommerce
August 06, 2014

Groupon’s share price tumbled more than 15 percent late Tuesday (Aug. 5), as investors balked at the Chicago firm’s expensive eCommerce investments. Groupon reported a net loss of $22.9 million, which seemed far worse to analysts because, according to an analyst poll by Thomson Reuters,...

Loyalty & Rewards
Migration Of Shoppers Away From Physical Stores Continues
August 06, 2014

Call it the efficiency effect, but shoppers are making an increasingly large number of their purchases outside of physical stores—or at the very least, not making those purchases directly through those stores, such as going into a store to see an item and then purchasing...

Mobile Commerce
LivingSocial Breathes Life Into Company With Mobile
August 06, 2014

Collecting lots of data—even CRM—is useful only to the point that it can be intelligently and meaningfully analyzed. Trying to analyze excessive amounts of data, some of which will be irrelevant and potentially misleading, is unlikely to deliver useful recommendations. LivingSocial is trying to avoid...