News

Payment Methods
Banks, Retailers In France Collaborate On Payments App
October 21, 2016

BNP Paribas and Credit Mutuel, the two French banks, and a group of retailers are joining forces to launch a mobile app in 2017 that will enable customers to pay for things in stores and online, as well as earn rewards and transfer money with...

Partnerships / Acquisitions
ServiceChannel Taps PromisePay For Marketplace
October 21, 2016

ServiceChannel, the SaaS service automation platform for facilities managers and contractors, announced Thursday (Oct. 20) it has chosen PromisePay to power the company’s multibillion-dollar marketplace after an extensive competitive selection process. In a press release, ServiceChannel said its facilities and contractor management platform is used...

Payments Innovation
DocuSign Folds Payments Into Its Service Menu
October 21, 2016

DocuSign’s ability to make it easy for customers to simply and instantly create an electronic signature has done two things — one of them is helpful for the up-and-coming tech firm, one not so much. Helpfully, it has allowed the firm to build up a $3 billion...

Security & Fraud
Visa Buffs Up 3DS
October 21, 2016

Telling the difference between good and bad transactions is a tough balancing act for e-commerce merchants. Too loose an attitude will encourage the fraudsters, too tight an attitude will run-off good customers who would have been a conversion. Visa wants to help merchants navigate that...

B2B Payments
For B2B, Vendor Screening As Cash Flow Tool
October 21, 2016

B2B payments are increasingly global and increasingly risky. The key is to know thy vendor and the risks of that vendor, and screening for compliance is at the heart of a new alliance between cloud-based treasury firm Kyriba and financial compliance firm Accuity.

Ridesharing
Uber Makes Roughly $2 Billion A Month
October 21, 2016

Uber Chief Executive Travis Kalanick revealed at the Vanity Fair New Establishment Summit that the company has 40 million monthly active riders and that the average amount riders spend per month is around $50. That gives the ride sharing startup company revenue of roughly $2...

Payments Innovation
PayPal Beats The Street And Announces Big Alibaba Pair-Up
October 21, 2016

The team at PayPal is waking up to another chipper post-earnings morning today as the firm announces another quarter with a lot of green arrows: revenue was up, and so were profits, active accounts and transactions. Especially transactions, but more on that in a second. Other...

Bitcoin
Another EU-UK Fiscal Conflict, Bitcoin
October 21, 2016

The European Central Bank is showing its distaste for bitcoin, denying it the status of a real currency and highlighting its vulnerability to cyberattack threats. And this all flies in the face of the Bank of England’s stance, which recently cited possible tangible financial advantages...

B2B Payments
Banks Dreading The Real-Time Payments Challenge
October 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new...