Electronic bill and payment firm Transactis announced last week that it had closed an $11 million Series D financing round led by Safeguard Scientifics, Inc. According to a company statement, the funds will be used for expanding sales, marketing and client services, as well as accelerating...
Over the past week, PYMNTS.com’s brief’s coverage in this newsletter has spanned a broad variety of issues. In this column, we take a look at five common elements that link many of those stories, in essence making them the “trends of the week.” Cards Coin,...
U.S.-based firm Fundbox creates cash flow options for small businesses and announced earlier this week that it has partnered with time tracking and invoice company Harvest. The move is expected to give Harvest users access to Fundbox invoice clearing technology, which extends credit to freelancers and...
Financial services firm Catamount Funding announced on Wednesday (Aug. 27) that it now offers now offers competitive and cost-effective invoice factoring services. According to a company statement, Catamount’s account receivable management services also include invoice factoring services, along with a professional built-in account receivable manager. “Our...
Micronesia’s Division of Procurement and Supply announced this week that government agencies have until September 15 to sign contracts for projects, issue requests for proposals and requests for purchase of supplies and equipment. The deadline is made every year, Procurement and Supply Director Herman S. Sablan...
The leading users of mobile payments in the U.S. are the people who also use prepaid cards, according to a report titled “Prepaid and Gift Cards in the U.S.” by market-research publisher Packaged Facts. That includes customers who disproportionately fall into the unbanked and underbanked...
Bank branches in the U.S., which have been closing at a rapid pace as retail banks try to cut costs, are actually rising in popularity among customers, Payments Cards and Mobile reported. According to a survey of 1,000 U.S. consumers done by by Ipsos Public...
Overdue U.S. credit card payments are falling, and the number of new credit accounts rose during the first quarter of 2014, credit reporting company TransUnion said Tuesday (Aug. 26). The rate of card payments at least 90 days overdue fell to 1.16 percent for the...
Former Aeropostale executive vice president and chief marketing officer Christopher Finazzo wassentenced on Wednesday (Aug. 20) to eight years in prison for his role in a kickback scheme. Finazzo was convicted of receiving more than $25 million in kickbacks from a clothing supplier in exchange...
