News

News
Today In Payments: Krispy Kreme Seeks $560M IPO; Facebook To Expand Shops To Marketplace, WhatsApp
June 23, 2021

In today’s top news, Krispy Kreme is eyeing a $4 billion valuation in its initial public offering (IPO), and Facebook will expand its Shops feature to WhatsApp and Facebook Marketplace. Plus, McDonalds is rolling out its loyalty program nationwide in July. Get the Full Story...

Artificial Intelligence
NXTsoft, Upstart Partnership Aims To Bring AI To More Lenders
June 23, 2021

NXTsoft, which provides API connectivity for banks and FinTechs, announced on Wednesday (June 23) that it has formed a partnership with the artificial intelligence (AI) lending platform provider Upstart. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Ridesharing
Bird Expands Its eBike Fleet, Launches Smart Vehicle
June 23, 2021

Electric transportation startup Bird has added shared eBikes to its fleet of vehicles along with the launch of Bird Bike, a shared smart vehicle, the company announced in a Wednesday (June 23) press release. Get the Full Story Complete the form to unlock this article...

Retail
With At-Home Snacking In Jeopardy, Ferrara Woos Shoppers With ‘Space Jam’ Partnership
June 23, 2021

Snack food consumption surged during the height of the pandemic — after all, shoving a handful of gummy worms into your mouth may not solve the impending doom, but it sure can distract you for a moment. Now, however, as consumers begin to return to...

eCommerce
Online Sales Topped $11B During Amazon Prime Day Event
June 23, 2021

U.S. eCommerce sales during Amazon’s 48-hour Prime Day shopping event totaled more than $11 billion, a 6.1 percent increase over last year, CNBC reported, citing data by Adobe Analytics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Record Prices Are Hurting SMB Shippers
June 23, 2021

A confluence of factors has turned the shipping industry on its head, leaving small and medium-sized businesses (SMBs) feeling pinched, according to a new report from the Global Trade Review. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Ant Group Could Share Data With China Via Credit-Scoring Partnership
June 23, 2021

Jack Ma’s Ant Group is in the midst of discussions with enterprises owned by China that would create a credit-scoring firm while making Ant’s data transparent to the country’s regulators, The Wall Street Journal reported on Wednesday (June 23), citing sources. Get the Full Story...

Retail
Today In Retail: Bed Bath & Beyond Launches Wild Sage Brand; Perfect Corp. Links Up...
June 23, 2021

In today’s top retail news, Bed Bath & Beyond debuted another owned brand, while Perfect Corp. has integrated with Facebook. Plus, Nordstrom and Indochino are launching store-in-store shops. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
Grocery Delivery Company Dingdong Pegs IPO Valuation At $6B
June 23, 2021

Chinese grocer Dingdong is setting its sights on getting a $6 billion valuation when it goes public in the U.S. The company, which is backed by Japan’s SoftBank Vision Fund II, delivers groceries mainly in such big Chinese cities as Shanghai, Beijing, Shenzhen and Hangzhou....