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Innovation Investment Tracker | Week of July 21
July 21, 2014

An acquisition and an auction drove the bulk of investment activity last week. Of the venture  back moves, alternative lending and electronification of documents paved the way. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Financial Inclusion
UK Banks May Be Anticompetitive
July 21, 2014

The U.K.’s Competition and Markets Authority (CMA) recently announced that it would launch an investigation into the UK retail banking sector to determine whether the industry lacks effective competition and is therefore inadequate to meet the needs of personal consumers or SMEs. Get the Full...

B2B Payments
HighJump Software Acquisition Will Impact B2B Global Trade
July 21, 2014

Supply chain management software company HighJump Software announced last week that it acquired Atlas Products International, which provides Software as a Service (SaaS)-based business-to-business (B2B) EDI integration, secure data transfer, and e-invoicing solutions. Get the Full Story Complete the form to unlock this article and enjoy...

Merchant Innovation
Alibaba Goes Postal In Brazil
July 21, 2014

The Chinese eCommerce powerhouse Alibaba announced last week that it partnered with Brazil’s state-owned postal services company, Correios  in order to help the country’s SMBs sell their products in China through Alibaba’s websites, using its Alipay electronic payment system. Without providing details, the eCommerce company also said...

Acquiring
ACI Acquires ReD
July 21, 2014

ACI Worldwide announced this morning that it will acquire Retail Decisions (ReD) for $205M. The transaction will close in Q3 2014. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Merchant Innovation
eBay Finds Big Demand For In-Store Pickup
July 21, 2014

According to eBay executives, its Click and Collect service in Britain – essentially an in-store pick up option – is gaining greater traction than its same-day delivery service eBay Now. Additionally, eBay stated that it would extend its Click & Collect services to approximately 650 locations...

Acquiring
NetSuite Acquires Ecommerce Software Vendor
July 21, 2014

NetSuite announced last week that it had acquired Venda, an eCommerce solutions provider. According to a NetSuite press release, the move is expected to build on the momentum of NetSuite SuiteCommerce globally, and will support NetSuite’s business expansion into the European market. Get the Full Story Complete...

B2B Payments
China’s Yuan Shows Gain In Cross-Border Trading
July 21, 2014

Expansion of clearinghouse arrangements outside of China are helping build the country’s yuan as a settlement tool for cross-border trade. Those business activities are helping grow yuan markets overseas. However, the yuan still has a long way to go before overtaking the U.S. dollar and...

Mobile Commerce
Starbucks Wants To Be Your Mobile Wallet
July 21, 2014

“We will do this and we will get it right,” said Adam Brotman, Starbucks Chief Digital Officer. 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...