Boomerang Commerce has announced it has raised $8.5 million in a Series A round led by Madrona Venture Group and Trinity Ventures. Since Boomerang never took in any seed money, this round of investment is actually also the first time it has ever received an...
Retail spending among Bank of America’s debit and credit cardholders is on the rise this year, and the issuer’s credit cardholders are beginning to grow their card balances, company executives commented during a July 16 call while discussing second-quarter earnings with analysts and investors. Get...
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UK-based small business P2P lending platform Funding Circle is $65 million richer and is planning to use that money to expand more aggressively into the U.S. market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Robert W. Selander has been appointed to Western Union’s board of directors, effective July 17, 2014. He will additionally serve on the compensation, benefits and compliance committees. His term will last until the next annual election of directors in 2015. Get the Full Story Complete...
Visa is jumping back into the online payments game with the launch of Visa Checkout. Instead of a mobile wallet, Visa is essentially offering its online credit card, which is designed to let users pay-and-go at checkout without having to navigate between screens. Get the Full...
Commissioner of the U.S. Commodity Futures Trading Commission, Scott O’Malia, stated in a speech earlier this week that U.S. and European regulators must unite immediately to harmonize international derivatives trading rules before market fragmentation and low liquidity become lasting fixtures of the swaps and futures...
Outsourced billing services provider Billtrust made a huge move today in the B2B world that will significantly help businesses in the billing and payment areas. Billtrust announced that it acquired cash application software development company Open Scan Technologies, Inc. Get the Full Story Complete the...
Justice Department representatives and bank regulators got a scolding Tuesday as a House Financial Services Subcommittee grilled them on Operation Choke Point. They defended the crackdown as necessary for consumers; but some Members of Congress really begged to differ.
