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B2B Payments
ABC Finance Launches Platform to Connect Business Owners With Lenders
September 11, 2023

ABC Finance has introduced an invoice finance comparison tool that quickly connects business owners with lenders who meet their funding requirements. This platform was developed to fix the flaws and pain points in the market via the use of technology, and to help business owners get the product...

Payment Methods
Loyola Taps ‘Just Walk Out’ Tech to Expand Student Convenience Store Hours
September 11, 2023

Loyola University Maryland is leveraging Amazon’s “Just Walk Out” technology to dramatically increase its ability to meet student demand for food and essentials at almost all hours of the day. In an interview with PYMNTS, Mike Mansfield, the university’s associate vice president of auxiliary operations,...

Payment Methods
NFC Poised to Become Big Tech, Open Banking Battleground
September 11, 2023

Consumer choice is at the heart of open banking, and, according to the Consumer Financial Protection Bureau (CFPB), open ecosystems and interoperability are among the key enablers of consumer choice. Near-field chip technology is becoming a flashpoint in the jousting between Big Tech, regulators and...

Artificial Intelligence
Funding for AI Chipmakers Plummets as Nvidia Ascends
September 11, 2023

Nvidia’s gain has reportedly been other chip startups’ loss. The firm has become the go-to company for computer chips used in artificial intelligence (AI) processes, which has shut off the funding tap for the company’s potential competitors, Reuters reported Monday (Sept. 11). Deals in the...

Retail
Rent the Runway Struggles to Meet Soaring Consumer Demand
September 11, 2023

As consumers increasingly prioritize mindful consumption across various facets of their lives, rentals have emerged as a popular means of accessing new styles without the burden of commitment and excessive consumption of items that might only be used once or twice. This mindset has proven...

Banking
UPI Adds Voice Payments to Expand Financial Inclusion
September 11, 2023

India is preparing to add a voice-enabled feature to its Universal Payments Interface (UPI) system. But are the country’s bankers speaking the same language? A report Monday (Sept. 11) by Bloomberg News paints them as cautiously optimistic about the technology. Last month, the Reserve Bank of India released a...

Retail
Is D2C a Tired Playbook? How One Beauty Brand Finds Value in Retail Distribution
September 11, 2023

In the past few years, grocery stores have significantly transformed, expanding beyond their traditional role as food suppliers. They have evolved into comprehensive shopping destinations, offering many products, including beauty and health items. This transformation has ushered in an era of unparalleled convenience for consumers,...

IPO
Instacart IPO Target Could Be Under $10 Billion
September 10, 2023

 Instacart is reportedly aiming for an initial public offering target far below its past valuation.  The grocery delivery company’s initial public offering (IPO) could come by next week, with the firm targeting a valuation between $8.6 billion to $9.3 billion, the Wall Street Journal reported Sunday (Sept. 10),...

eCommerce
Alibaba Cloud CEO Daniel Zhang Steps Down
September 10, 2023

China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. A report Sunday (Sept. 10) by Reuters notes that the departure of Daniel Zhang is a surprise, as he had left his role as the company’s chairman and CEO...