News

B2B Payments
Construction Cash Flow Health Is Built On Payments Predictability – Not Speed
July 20, 2021

B2B payment delays can crush a small business in any industry. Often considered a cash flow problem of larger corporates waiting longer to pay their small suppliers in an effort to protect their own financial positions, delayed B2B payments create a domino effect of consequences,...

Security & Fraud
Data Rails Help Issuers Shorten Virtual Card Activation To Usage Gap
July 20, 2021

In the card-issuing space, a predictable pattern exists with plastic cards, Very Good Security’s CEO and Co-founder Mahmoud Abdelkader told Karen Webster. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Why It’s Not Up To Consumers To Fix The Recycled Password Problem
July 20, 2021

Despite all the digital advances and connectivity achievements that facilitate our daily lives, one simple fact still threatens the stability and security of the entire enterprise: 50 percent of us still recycle our passwords. Get the Full Story Complete the form to unlock this article...

Retail
Sam’s Club Touts 90 Pct Re-Use Rate For Its Touchless Checkout And Delivery Tech
July 20, 2021

With the rise in online grocery occasioned by the pandemic, consumers have grown used to being in control of their shopping journey. The digital buying experience is, after all, entirely self-guided. Now, with the return to shopping in brick-and-mortar grocery stores, many consumers are noticing,...

Artificial Intelligence
Report: 100 Healthcare Execs Speak Out On Using AI To Curb Fraud, Waste And Abuse
July 20, 2021

In June of this year, a jury found a chiropractor guilty of defrauding health insurers out of $2.2 million by fraudulently billing for services that were never provided, and even went out of her way to issue bogus medical diagnoses, write false prescriptions and bill...

Partnerships / Acquisitions
ParkHub Buys CurbTrac, Plans Integration Of Parking Management Tech
July 19, 2021

ParkHub, which provides parking tech for B2B services, has acquired parking payment management platform CurbTrac, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Investments
Online Eyewear Retailer Lenskart Nets $220M, Highlighting Tech Boom In India
July 19, 2021

Lenskart, which specializes as an online retailer for eyewear, has raised $220 million from investors, a LiveMint report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

International
Today In Payments Around The World: GlobalBees Nets $150M In Series A; Razorpay Buys TERA...
July 19, 2021

In today’s top payments news around the world, GlobalBees landed $150 million in a Series A funding round, while Razorpay said it has acquired TERA Finlabs. Plus, workers in Bangladesh’s clothing manufacturing industry have taken a heavy hit because of the pandemic’s economic impacts. Get...

Retail
Victoria’s Secret Plans Test Of New Store Format In Off-Mall Strip Center
July 19, 2021

Victoria’s Secret will be spinning out of parent company L Brands into a new public entity as of next month, CNBC writes, as the fashion company tries to move on from its usual place in traditional malls. Get the Full Story Complete the form to...