Speaking at a virtual event for the anniversary of a watchdog group, the Consumer Financial Protection Bureau (CFPB) boss took the opportunity to address a letter sent to the agency from Republican members of the Senate Banking Committee. “We’re going to keep doing our work,...
Transaction disputes, by their very nature, are reactive problems for merchants. They don’t exist until a cardholder is dissatisfied or confused about a transaction, setting off a chain reaction of events. The cardholder first contacts the credit card issuer with a complaint, then a provisional...
As is the case with people, in business no two companies are exactly alike. And neither are their paths through the digital age. After all, crafting the means to an end — where bringing consumers and customers on board to browse, click and buy or...
In the contemporary eCommerce space, staying on top of expenditure can be a challenge that isn’t necessarily well-catered for by financial management tools imported from other sectors. For online retailers with international revenue streams, for example, financial management can involve multiple websites, currencies, payment methods...
Auditing and reconciliation services firm GETIDA has announced an investment from SIB Fixed Cost Reduction, a portfolio company of O2, a press release said. Kevin Flounders, CEO of SIB, commented, “GETIDA is one of the most exciting solutions that we have encountered in the e-commerce...
Regulators at the Federal Reserve reportedly grown impatient with Citigroup’s response to its complaints about the bank’s systems for preventing mistakes. The regulators have repeatedly met with executives of the bank and have cautioned them that it could take more actions if the bank doesn’t...
B2B eCommerce market Alibaba.com has rolled out its second annual small business grants program, a press release said Wednesday (Sept. 14). Called the Alibaba.com Manifest Grants Program, the $750,000 fund will promote innovation in U.S. small and midsized businesses (SMBs) and boost competition. The grants...
ECommerce order fulfillment provider PFS has set up a pop-up fulfillment center for SkinCeuticals, one of its L’Oréal brands, according to a Wednesday (Sept. 14) press release. PFS has provided SkinCeuticals with order management and payment processing services for its direct-to-consumer eCommerce channel, per the...
German accounts payable (AP) automation software provider Candis has reportedly raised $16 million in funding and said it will use the new investment to continue to expand. The platform has recorded 20 billion processed invoices — a ninefold increase in two years, Tech Funding News...
