Oh where oh where have the investments in Fintech gone? Well, last week, $8.9 billion of it went to a bunch of players in payments with acquisitions in the processing and security sectors leading the way.
According to recent research from Bacs Payment Schemes, late payment debt for UK businesses has reached £46.1 billion. In effect, approximately one quarter of UK businesses are paying their suppliers late because they themselves are still waiting for payment. Get the Full Story Complete the...
Reports of Twitter’s death last quarter—when a slow down in the monthly acquisition of new users slowed some, prompted many Twitter watchers to declare the beginning of the end—may have been somewhat exaggerated. This morning, Twitter is riding high with elevated stock prices after the...
During yesterday’s second-quarter earnings call with analysts, American Express Co.’s chief operating officer, Jeffrey Campbell, appeared to want to head off discussion of the Department of Justice’s antitrust trial against the company that began in Brooklyn on July 7. And why not, Amex has a...
When two unrelated consumer services—within a day—both made B2B corporate payment moves, it reflected more than B2B payment momentum. Both Uber and Airbnb recently announced new versions of their mobile apps that are geared toward helping organizations book and expense business trips. But what exactly...
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...
