Cross River Bank plans to add branded wallet, stored value and loyalty rewards technology to its regulated financial infrastructure by acquiring FinTech company Accrue, Cross River said in a Tuesday (Oct. 20) press release emailed to PYMNTS. Cross River’s parent company, CRB Group, has entered into an...
Watch more: Digital Shift With Félix Bélisle-Dockrill of Axya A supplier promises to deliver parts on the 18th of the month. The shipment gets pushed to the 25th. The enterprise resource planning (ERP) system updates the expected delivery date, and when the goods finally arrive,...
Issuing a bank guarantee at a large commodity trader is still a desk job. A treasury employee checks how much room is left on a credit facility, pulls the banking details from one system, confirms the limits in another and keys the transaction into a...
Apple will host a product launch event dubbed “Pro and tell” on Oct. 28, and analysts expect the company to introduce its first touch-screen MacBook Pro, according to multiple media reports. Greg Joswiak, senior vice president of worldwide marketing at Apple, said in a Monday (Oct....
Banks are developing tokenized deposits to give corporate customers faster access to their money. In doing so, they are making the deposits they use for funding easier to move. A research briefing from the Federal Reserve Bank of Kansas City published Friday (Oct. 16) examined...
Users of Relay’s small business banking and money management platform have sent over $500 million in cross-border payments through Nium’s global money movement platform since the companies launched their partnership about a year ago, according to a Monday (Oct. 19) press release. The users sent...
Character.ai, an artificial intelligence (AI) companion platform that lets users chat with AI versions of their favorite characters, filed for Chapter 11 on Oct. 12. About 12 million monthly users could not make it profitable. The company was losing $8 million to $9 million a...
Proof and Circle Internet Group said Monday (Oct. 19) that they will demonstrate at Money20/20 how open identity and payment protocols can work together to enable businesses to trust transactions made by agents. The companies’ demo will include an artificial intelligence agent presenting a Proof...
Square has consolidated its credit and debit programs on Marqeta’s card issuing platform, saying this will enable the company to bring new credit features to market more quickly. With this move, Square migrated its Square Credit Card to Marqeta, which already enables Square’s debit and prepaid programs, the companies...