News

Financial Inclusion
Japanese eCommerce Powerhouse Rakuten’s $100 M Global Investment Fund
June 30, 2014

Rakuten, the Japanese consumer Internet conglomerate, has set it sights on world domination—or at least on global investment.  The company is launching a $100 million dollar investment fund to focus on startups in the U.S., Israel and Asia Pacific region. This comes as one of...

B2B Payments
CurdBee Closes Its Online Invoicing Doors
June 30, 2014

The online invoicing application CurdBee recently announced that it was no longer accepting sign-ups, and is instead urging customers toward Hiveage, which is a cloud-based billing platform. According to a Hiveage statement, CurdBee was aimed at small business owners and freelancers. However, CurdBee was the...

B2B Payments
BirchStreet And BancTec Have An Automated Solution For You
June 30, 2014

Working mainly in the hospitality industry by providing cloud platform for eProcurement and Procure-to-Pay options, BirchStreet Systems entered into a partnership agreement with BancTec to sell BancTec’s invoice processing service. According to a company press release, BirchStreet will be reselling BancTec’s invoice processing capabilities, which...

B2B Payments
Why Global Cross-Border M&A Deals Are On The Rise
June 30, 2014

Globalization is no longer just a buzzword in the business world. Instead, it is becoming a goal for more companies across numerous sectors. With a recent survey showing that global cross-border merger and acquisition (M&A) deals are increasing, it’s clear that more organizations are driven...

Mobile Commerce
California Throws Out Only Pay with US $ Law
June 30, 2014

Yesterday, Governor Jerry Brown signed a law, passed by the California legislature, which reversed an earlier law—seriously—that said you could only conduct transactions in California with greenbacks. No pesos, Canadian dollars, city currencies, reward points, and yes—no bitcoins, dogecoins, or any other cryptocurrency either. As...

B2B Payments
Report: India Jumping To Automated Expense Management
June 30, 2014

In a digital world, it comes as no surprise that companies are trying to find the best automated options for all aspects of their business. While organizations in India may have come late to the party in certain respects, recent data indicates that nationally enterprise...

Financial Inclusion
Social Shopping App Wish Raises $50M
June 30, 2014

Wish uses algorithms and machine-learning tech to learn a user’s taste in order to show them products that they like (or might like) in a detailed, pleasing-to-the-eye format. The site’s commerce-centric Pinterest model has drawn attention from the Founders Fund Formation 8, GGV Capital, Yahoo...

B2B Payments
Survey: Majority Of European Firms Centralize Travel Procurement
June 30, 2014

European firms are more likely than North American organizations to have a centralized travel procurement operation, according to a recent study by Egencia. Specifically, two out of three firms in Europe will have this option, while just one out three firms in North America have...

B2B Payments
Ireland’s SME Debt Problem
June 30, 2014

A new report by Central Bank of Ireland paints mixed picture of the indebtedness of the country’s small and midsize enterprises and its overall impact. Whereas outstanding balances are dropping, the fact that SMEs are paying down their debts instead of investing in new projects...