News

Why Contextual Commerce Is The Next Big Thing
April 04, 2016

In January of this year, I wrote a piece in which I said there were six things that would shape the direction of payments and commerce in 2016. Third on that list was “contextual commerce.” I argued that making buying seamless inside of environments that...

Uber CEO Faces Price Fixing Lawsuit
April 04, 2016

Uber’s CEO is going to have to face the music — or, at the very least, hear it, for starters — regarding price-fixing allegations. Reuters reports that, on Thursday (March 31), a Manhattan judge denied Uber CEO Travis Kalanick’s request for dismissal of a suit alleging that he...

Amazon Moves Prime Now To The Web
April 04, 2016

Amazon is expanding its rush delivery service from an app to the Internet at large. Bloomberg reported on Friday (April 1) that the eCommerce giant plans to add its one- to two-hour delivery service, Prime Now — currently only available through a mobile application of the same...

Reserve Acquisition Brings Payments Into App
April 04, 2016

The restaurant reservation app Reserve has picked up another tab, as it were. On Friday (April 1), the company announced — via a blog post written by CEO Greg Hong — that it has acquired the mobile dining app Dash. In explaining what drove Reserve to...

Did Big Banks Play A Role In A Global Bribery Scheme?
April 04, 2016

An international investigation into the allegedly corrupt practices of an oil company appears to have a caught a couple of big banks in its net. The Huffington Post reports that HSBC and Citibank were both essential players in facilitating contracts arranged by Unaoil — the Monaco-based...

Blockchain / Distributed Ledger
Overstock Invests $4M In Digital Currency FinTech Firm
April 04, 2016

Overstock’s CEO has a reputation for having an affinity for digital currency — which has been reflected in Overstock’s business plans — and now, the company has taken that vision a step further. The company announced late last week a $4 million investment in Bitt, a Caribbean-based...

Zomato Expands Into Restaurant POS
April 04, 2016

The restaurant search app Zomato has found a new vertical for itself: point of sale. The Economic Times reports that the New Delhi-based startup is trying out a new, cloud-based point-of-sale product called Zomato Base. Specifically, the outlet describes Zomato Base as an Android-based POS...

MasterCard’s Digital Road To Humanitarian Solutions
April 04, 2016

With MasterCard’s announcement today of its partnership with World Vision, the company is moving forward in its quest to affect developmental and social outcomes in a commercially and operationally sustainable way. Tara Nathan, EVP, Public Private Partnerships at MasterCard, shares with MPD CEO Karen Webster...

B2B Payments
SunTrust Sees Bright Days Ahead For SMB M&A
April 04, 2016

As smaller firms look for growth both here and abroad, cash may be king — as in, currency for dealmaking via mergers and acquisitions. SunTrust President John Stallings gave some insight as to what that might mean for growth strategies (and B2B opportunities) going forward.