News

Financial Inclusion
GlobalCollect Deal Fattens Virtual Piggy’s Processing Capabilities
May 30, 2014

Virtual Piggy Inc., provider of the Oink payment technology for families and teens, has entered into a partnership with processor GlobalCollect for international processing support, the companies announced May 29. GlobalCollect processes payments in more than 150 currencies in over 170 countries. Oink’s payment technology...

Alternative Finances
New Virus Targets Global Financial Institutions
May 30, 2014

Security researchers are warning of a new Trojan that combines elements of the Zeus and Carberp families of malware that is targeting more than 450 financial institutions, mostly in the U.S., U.K. and Australia. Dubbed Zberp, the malware appears to have been assembled from the...

B2B Payments
NHS Shared Business Services Makes E-Invoicing Push
May 30, 2014

NHS Shared Business Services (NHS SBS) announced this week that it has partnered with the Tradeshift e-invoicing platform to eliminate its reliance on paper invoices and to improve the payment process for health care organizations and their suppliers. According to a Government Computing article, NHS...

B2B Payments
Australian Customs Set To Finalize E-Gate Deal
May 30, 2014

Australian Customs is one step closer to choosing its supplier to upgrade its fleet of electronic gates installed inside the country’s international airports. According to a recent iTnews article, Customs has narrowed it down to two global firms France’s Morpho and Portugal-based Vision-Box for the...

B2B Payments
Capital Business Credit Creates Credit Extension Offer For Importers
May 30, 2014

Commercial finance company Capital Business Credit (CBC) announced recently that it now has an option for importers to extend their credit terms. According to a Trade Financing Matters blog post, CBC developed Supplier Early Payment (SEP), which allows importers to extend credit for up to 90...

International
New Korean eCommerce Firm Raises $100 Million
May 30, 2014

Coupang, a 4-year-old South Korean eCommerce firm, reportedly has secured a Sequoia-led $100 million funding round, pushing its valuation above $1 billion. Company chief Bom Kim plans to investfurther in the company’s mobile services, according to the funding announcement. “Coupang is the leading online retailer in...

Europe
Mobile Accounts For One-Third Of UK Online Retail: Report
May 30, 2014

Smartphones and tablets during the first quarter of 2014 were used to initiate 34 percent of online retail sales in the United Kingdom, with 48 percent of visits to retailers’ websites being done with smartphones and tablets, a new research report shows. A year earlier,...

In Depth
Merchants: “Mobile Commerce is Riskier Than eCommerce”
May 30, 2014

There’s no question that mobile has given merchants a whole new way to reach customers. But, it’s also given merchants a whole new set of things to worry about. Kount’s latest survey of 2000 merchants reveals that there’s been a marked increase in the number...

Alternative Finances
Who Says FX Needs To Be Reinvented?
May 30, 2014

The fees companies pay to accept card payments from customers have long been a point of contention. An Australian company, eWAY, is using a system from Xero that automates the ability to enable a surcharge on card payments while also giving buyers the chance to...