Payoneer helps businesses and B2B marketplaces move money across borders. It’s one of the biggest companies in this space; its customers include the likes of Amazon, Fiverr, Airbnb, Upwork and Taboola. Today, the company announced it has acquired Armor Payments, a digital escrow-as-a-service solution that aims to make B2B payments more secure. There is an obvious synergy between Payoneer’s service, which tackles the complex and bureaucratic world of global money transfer for its customers, and Armor Payments’ escrow services. Together, the two companies aim to create an alternative to the letters of credit that still govern how a lot of international business is done.

http://techcrunch.com/2016/03/15/b2b-payment-service-payoneer-acquires-escrow-as-a-service-platform-armor-payments/