Members of the Pennsylvania Chiropractic Association (PCA) won a four-year litigation battle against the Pennsylvania-based Independence Blue Cross (IBC). In 2009, several chiropractic associations sued the IBC for alleged violations of ERISA and the Racketeer Influenced and Corrupt Organizations Act (RICO).
Square has announced that it will enter the small business lending business. Available to Square Register merchants, Square will provide short term business loans based on cash flow and sales volume. There is no application process and monies can be available as soon as the...
China’s Ping An Bank is looking to get more value from U.S. dollar cash flows under a proposed deal that would expand its cash-management relationship with Deutsche Bank. The Chinese bank’s clients also could see the benefits from improved forecasting and other perks from the...
According to findings from Salted Hash, construction companies are just the latest victims of purchase order (PO) fraud. These scams can cause huge problems for companies, especially vendors, as these organizations are often left to their own accord.
Finland is hoping to establish a real-time payments system and is looking for partners to build it with. The country’s current system “Pops” has been in place since the 1990’s and rapidly becoming obsolete, according to the Federation of Finnish Financial Services, which maintains the platform,...
Global Payments has named David E. Mangum President and Chief Operating Officer. Mangum joined Global Payments in 2008 and has been serving in the role of SEVP and Chief Financial Officer. He will now oversee the company’s U.S., Canadian and Latin American businesses along with...
According to data released last month by global transaction services organization SWIFT, Singapore accounted for 6.8 percent of all offshore renminbi-denominated currency payments last year. That put the small nation ahead of perennial #2 London, which only did 5.9 percent, but still trailing Hong Kong’s 72...
Small businesses with limited credit history or a history of difficulties face many of the same issues that individual consumes with those problems face—mainstream lenders often aren’t willing to take the risk and disburse funds. Increasingly, small businesses also have access to the same type...
Going forward, all Crown Central LLC branded locations are now automatically enrolled in the Comdata Fuel Consortium (CFC) Network. The Comdata Fuel Consortium network connects more than 30,000 retial fueling locations nationwide that offer Comdata MasterCard Corporate Fleet Card customers a price-per-gallon discount. As part...
