News

B2B Payments
New Business Processing Partnership for Purchasing
May 28, 2014

Mphasis and Basware created a partnership to provide F&A Business Process Services spanning purchase-to-pay and e-invoicing. The service will feature a plug-and-play model with transaction-based pricing, to maximize efficiencies in the F&A function in organizations. Get the Full Story Complete the form to unlock this...

B2B Payments
Philips 66 and WEX Partner for Private Label
May 28, 2014

WEX Inc. announced that it has signed a multi-year extension to provide private label and universal fleet card services for Phillips 66. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Health Care Association Wins Groundbreaking Case Over Insurer Payment Practices
May 28, 2014

Members of the Pennsylvania Chiropractic Association (PCA) won a four-year litigation battle against the Pennsylvania-based Independence Blue Cross (IBC). In 2009, several chiropractic associations sued the IBC for alleged violations of ERISA and the Racketeer Influenced and Corrupt Organizations Act (RICO).

B2B Payments
Square Gets Into the SMB Lending Biz
May 28, 2014

Square has announced that it will enter the small business lending business. Available to Square Register merchants, Square will provide short term business loans based on cash flow and sales volume. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Chinese Bank Takes To The Autobahn For Improved U.S. Dollar Cash Management
May 28, 2014

China’s Ping An Bank is looking to get more value from U.S. dollar cash flows under a proposed deal that would expand its cash-management relationship with Deutsche Bank. The Chinese bank’s clients also could see the benefits from improved forecasting and other perks from the...

B2B Payments
Report: Construction Companies Newest Targets of Purchase Order Scams
May 28, 2014

According to findings from Salted Hash, construction companies are just the latest victims of purchase order (PO) fraud. These scams can cause huge problems for companies, especially vendors, as these organizations are often left to their own accord.

International
Alibaba’s $250 Investment in SingPost
May 28, 2014

Chinese Internet giant Alibaba Group Holding has invested $250 million for a 10.35 percent stake in Singapore Post Ltd., the city-state’s main postal and delivery service. The goal of the investment is to create an international e-commerce logistics platform. Get the Full Story Complete the...

Cool
TouchPoint Gives Consumers A New Lease On Lunch
May 28, 2014

If only spontaneously ordering and paying for a meal were as easy as using Uber. Then again, if TouchPoint has anything to say about it maybe it soon will be. In TouchPoint's ideal world, pre-ordering food is easy-especially the things consumers have ordered before from...

Hmmm
Data Thieves Not Satisfied With Just Payment Data Anymore
May 28, 2014

Just as companies diversify to grow and succeed, so, too, are data thieves. New research from security firm Trustwave shows how personal information such as customer records increasingly are on crooks’ malware radar screens.