News

Delivery
Walmart White Label, Last-Mile Service Aims to Monetize the Competition
September 08, 2021

Walmart’s announcement at the end of last month that it is launching GoLocal, a last-mile delivery service for other retailers, reveals some truisms in the age of digital commerce, in the age where size matters as much as it ever did: Get the Full Story...

B2B Payments
B2B Payments Today: AI-Powered Accounting; Snapshots Takes Interior Decorating 3D
September 08, 2021

Today in B2B payments, why accounting needs a boost from AI and Hello Raye launches Snapshots 3D furniture portal. Plus, Novi raises $10.3 million to help sustainable supply chain, Digital River and Chargify get together to boost B2B Software-as-a-Service management and Clicklease raises $63 million...

Retail
Today in Retail: Amazon, Walmart See Frozen Shares of Electronics Sales; Nextech to Make AR...
September 08, 2021

In today’s top retail news, Amazon and Walmart’s shares of electronics and appliance sales have remained relatively unchanged in the first six months of the year, and Nextech AR Solutions says it will begin offering augmented reality (AR) software to more merchants next month. Also,...

Retail
Today in Restaurant and Grocery Tech: ‘Just Walk Out’ Comes to Whole Foods; Walmart Partners...
September 08, 2021

Today in restaurant and grocery tech news, Amazon tests out its Just Walk Out cashierless checkout at two Whole Foods Market locations, while Walmart moves further into contextual grocery commerce. Plus, drive-thru coffee chain Dutch Bros. is going for a $3.3 billion valuation. Get the...

Investments
Latin American BNPL Firm Addi Lands $75M in New Funding
September 08, 2021

Latin American buy now, pay later (BNPL) company Addi has raised new equity funding of $75 million, bringing the firm’s total 90-day funding to $140 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
MX, Payveris Partner on Money Movement Services
September 08, 2021

Financial data platform MX and integrated money movement offering Payveris are getting together to improve account connectivity for U.S. financial institutions (FIs) and FinTechs as part of an effort to expand the reach of money movement services, according to a press release. Get the Full...

B2B Payments
Wells Fargo Unveils AI-Boosted Integrated Receivables Service
September 08, 2021

Wells Fargo & Company announced on Wednesday (Sept. 8) the availability of Integrated Receivables, a new accounts receivable (AR) service rooted in artificial intelligence (AI), machine learning and robotic processing that simplifies payment and remittance data capture, re-association and invoice matching. Get the Full Story...

IPO
Dutch Bros Seeks $3.3B IPO Valuation amid Drive-Thru Growth
September 08, 2021

Consumers increasingly want their morning caffeine fix from the comfort of their car. Coffee quick-service restaurant (QSR) chain Dutch Bros. is aiming to raise over $421 million in its initial public offering (IPO), going for a valuation of more than $3.3 billion, per a filing...

Partnerships / Acquisitions
British Regulator Gives Nod to $4B Viagogo/StubHub Combination
September 08, 2021

The U.K.’s competition watchdog says it will allow the ticket resale websites Viagogo and StubHub to proceed with a $4 billion (£2.9 billion) merger. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...