Online shopping startup Bigcommerce’s 70,000-plus clients will now be able to buy from top-ranked Chinese suppliers and manufacturers more easily, thanks to a deal with e-commerce giant Alibaba.
New-York based Coinsetter will revive Canadian Virtual Exchange, which shut down in March after a security breach.
China’s e-commerce market is growing rapidly, thanks in no small part to Alibaba, the e-commerce giant with annual transactions greater than both Amazon and eBay combined. However, the US has just taken over as the most ‘attractive’ market for e-commerce.
Only the “radical use” of new technologies can help the UK’s biggest banks become more profitable, KPMG has warned, as shareholder returns continue to drop six years after the financial crisis.
India’s Mobikwik has landed £25 million in a Series B round led by Singapore-based hedge fund Tree Line Asia, and is aiming for a $100 million Series C round in the second half of this year.
The Bitcoin Foundation may split into two separate bodies after facing reputational damage, declining membership and continued losses.
Peer-to-peer lender Ratesetter has partnered with with self-invested pension providers London and Colonial and European Pensions Management to allow Sipp holders to lend within their pension tax wrapper.
A US trade group is asking the payment-card industry to delay the October EMV transition plan that will leave the retail food stores and pharmacies it represents liable for fraudulent transactions if they are unable to meet the deadline.
Uber has hired Facebook chief security office Joe Sullivan to tackle data breaches at the cab-sharing company, just months after admitting that the company’s database was breached in May 2014.
Two US federal agents are being charged after stealing thousands of bitcoin during their investigation of the illicit Silk Road cryptocurrency marketplace.
PAY.ON, an ACI Worldwide company, delivers white label global payment gateway solutions to payment service providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution.
By Shari Krikorian, senior vice president, Mastercard
