The good news for Indian tech start-ups that they are leveraging the cloud to offer services that range from ERP and CRM solutions to data storage to developer platforms. Even better news, the world - particularly the parts inhabited by venture capitalists - are starting...
New HSBC service is designed to provide greater convenience and transparency in foreign cash management. An undisclosed German company’s Chinese subsidiary will deliver HSBC’s product to firms within the Shanghai Pilot Free Trade Zone.
Latin American countries are not usually thought of as payments technology, bellwethers. But, that all changed recently when the region surprised the world by being one of the first to mandate e-invoicing. Chile started the practice about a decade ago (albeit optional) and Brazil, Mexico...
Going forward, merchants using the BlueSnap global payment gateway will have access to Avalara’s AvaTax capabilities. This will allow merchants to calculate the final tax amounts on international invoices from their existing workflow in an automated way. “Calculating duty and sales tax is extremely complicated,...
Trover Solutions, which provides insurance subrogation, claims recovery and cost containment solutions has announced the launch of a Payments Integrity Solutions division focuses specifically on health payers’ ability to ensure payments are made and logged accurately and that they reach the hands of the correct providers....
One of Europe’s biggest hedge fund managers, Marshall Wace LLP is investing in P2P in a substantial way. The portfolio will include a closed-ended P2P Global Investments PLC fund, run by Marshall Wace. It is aiming to raise $310 million in an initial public offering, but that...
General Electric has contracted with the Tungsten Network to roll out a a multi-year e-Invoicing program into every GE operation globally, according a a release earlier today. The partnership could involve potential invoice volumes of over 16 million per year. “Tungsten Network is accelerating its expansion, with...
The three current and two future member states of the East African Community (EAC) – Kenya, Uganda, Tanzania Burundi and Rwanda – have signed a memorandum of understanding on currency convertibility, reports Coast Week. “The aim to reduce the cost of transactions for intra-EAC trade,” said...
MasterCard has announced that it intends to purchase Pune-headquartered ElectraCard Services (ECS) from Opus Software. The terms of the deal have not yet been disclosed and the deal is expected to close sometime around the end of the second quarter of 2014. ECS provides electronic payment processing...
