A new five-year initiative that brings together social entrepreneurs and leading experts in technology, behavioral economics and design to improve consumer financial capability now has a $30 million backer. JPMorgan Chase & Co. will provide the funding for the Financial Solutions Lab cross-industry initiative and...
American Express Travel released a survey this week that showed U.S. consumers are willing to pay a little bit extra this summer to book their dream vacation. Nearly 300 travel counselors were interviewed, and almost half – 45 percent – said that they saw increases...
Virtual Piggy Inc., provider of the Oink payment technology for families and teens, has entered into a partnership with processor GlobalCollect for international processing support, the companies announced May 29. GlobalCollect processes payments in more than 150 currencies in over 170 countries. Oink’s payment technology...
NHS Shared Business Services (NHS SBS) announced this week that it has partnered with the Tradeshift e-invoicing platform to eliminate its reliance on paper invoices and to improve the payment process for health care organizations and their suppliers. According to a Government Computing article, NHS...
Commercial finance company Capital Business Credit (CBC) announced recently that it now has an option for importers to extend their credit terms. According to a Trade Financing Matters blog post, CBC developed Supplier Early Payment (SEP), which allows importers to extend credit for up to 90...
Coupang, a 4-year-old South Korean eCommerce firm, reportedly has secured a Sequoia-led $100 million funding round, pushing its valuation above $1 billion. Company chief Bom Kim plans to investfurther in the company’s mobile services, according to the funding announcement. “Coupang is the leading online retailer in...
Smartphones and tablets during the first quarter of 2014 were used to initiate 34 percent of online retail sales in the United Kingdom, with 48 percent of visits to retailers’ websites being done with smartphones and tablets, a new research report shows. A year earlier,...
The fees companies pay to accept card payments from customers have long been a point of contention. An Australian company, eWAY, is using a system from Xero that automates the ability to enable a surcharge on card payments while also giving buyers the chance to...
ControlScan announced on May 29 that it had redesigned its PCI Compliance Guide website. The payment security and compliance solution provider said in a company statement that the website is meant to keep merchant service providers (MSPs) and small to mid-sized businesses (SMBs) current on changes...
