The brainchild of two former Amazon executives founded in 2007 saw this newest massive cash injection come from existing investors – including Tiger Global Management – working with new backers: Singapore sovereign–wealth fund GIC and Morgan Stanley Investment Management. The company claims that goods worth...
Flipkart, India’s answer to American style eCommerce founded by two former Amazon employees, had almost 24 hours to enjoy their extremely lucrative billion dollar funding round before Amazon showed up to trump their announcement. Amazon is making its stand in India now it seems,...
Telecommunications firm BT Group announced this week that it had extended its contract with electronic invoice company Tungsten. The two firms have worked together since 2003, but BT has now selected Tungsten to extend the benefits of e-Invoicing to all its suppliers across all entities,...
Operation Chokepoint’s efforts to hit companies suspected of illegal activities where it counts - their bottom lines – may have, well, been a little choked itself this week. The FDIC removed a number of merchant types from its bank guidance, fearing listing them explicitly has...
Facebook on Tuesday (July 29) confirmed that it has killed the last remnants of its direct E-Commerce operation, with plans to fully shutter its Gifts shop on Aug. 12. Facebook launched Gifts back in 2012, initially selling physical goods and later only selling gift cards...
U.S. Bank will introduce new tools designed to improve virtual spending options for corporate travel at the Global Business Travel Association’s annual conference this week, according to a company statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Users of travel technology provider Amadeus will soon have a new payment option open for completing bookings. The two companies have announced a strategic collaboration to integrate Alipay into the Amadeus Payment Platform (APP). As a result of the team-up, Amadeus’ travel providers will...
If state partners pay vendors for their services in cash before implementation, vendors could be tempted to discontinue supplies before implementation, says the United Nations Population Fund (UNFPA) Monitoring Team. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Muneeb Akhter failed at the first, and arguably most important, test of being a criminal mastermind—do not tell people enthusiastically about being a criminal mastermind. Akhter admitted in a sworn statement that he had used his prodigious talents as a hacker to break into...
