News

Financial Inclusion
Mobile Commerce Security is the Name of the Game
May 20, 2014

Coupons, rewards, and data oh my! These startups are in the business of keeping customers and other businesses secure while they enjoy the benefits of mobile commerce. Find out who got what and how much.

Cool
Bitnet Launches As “New” Kind of Bitcoin Rails
May 20, 2014

What do a couple of ex-Visa/CyberSource guys see in bitcoin? Well, plenty, which is why they've launched Bitnet today. Bitnet will act as a third party mediator in vendor-consumer bitcoin transactions, taking what CEO John McDonnell says is the "mystery and risk" out of bitcoin...

Controversial
Consumers Pay More When They Pay With Bitcoin
May 20, 2014

People who wanted to buy really bad stuff probably didn’t mind paying a premium to use bitcoin to do it. But, will the regular old mainstream consumer be as willing to pay more than the face value of the goods they are purchasing just to...

B2B Payments
HSBC Helping Chinese Firms With Foreign-Currency Management
May 20, 2014

New HSBC service is designed to provide greater convenience and transparency in foreign cash management. An undisclosed German company’s Chinese subsidiary will deliver HSBC’s product to firms within the Shanghai Pilot Free Trade Zone.

B2B Payments
Growing Pains of E-Invoicing
May 20, 2014

Latin American countries are not usually thought of as payments technology, bellwethers. But, that all changed recently when the region surprised the world by being one of the first to mandate e-invoicing. Chile started the practice about a decade ago (albeit optional) and Brazil, Mexico...

International
Amazon Makes First Chinese Investment, Drops $20M Into Chinese Food Vendor Yummy77
May 20, 2014

Perhaps answering Chinese rival Alibaba’s participation in a $250 million funding round for ride-sharing service Lyfit, American e-commerce giant Amazon has proved that it an investment overseas too and reportedly paid $20 million for a minority stake in Yummy77, an online company that provides fresh food...

Merchant Innovation
PayPal Will Feature Sneak Peak At “Shop” Function With Newly Redesigned User Experience
May 20, 2014

Long-time PayPal users may notice that something looks a little bit different when logging into their accounts to transact business. The online payments standard bearer announced a redesigned user experience on its blog last week, intended to help bring users of all kinds access to...

Merchant Innovation
Tripping Raises $5-$10 Million To Become the Kayak Of Vacation Rentals
May 20, 2014

As summer looms and Americans contemplate vacations, there is a segment of the population on whom the charm of a hotel is lost. Until now, those whose preferences ran toward vacation home rental had a good deal of internet combing to do to find the...

News
Groupon vs Square In The Battle for POS Dominance
May 20, 2014

One-time social commerce now general e-commerce player Groupon has yet another established e-commerce player in its sights. The evolving online “everything” store has already dipped its toe into competing directly with Amazon with its bulk shipping program. Now it is going after a slightly different...