J.P. Morgan Chase has committed $350 million over the next five years to help Black, Latinx and women-owned small businesses recover from the COVID-19 pandemic and grow beyond it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
U.K.-based Featurespace, which offers anti-fraud systems for financial institutions (FIs), on Thursday (Feb. 25) released its “Automated Deep Behavioral Networks” package. In a press release, the company said the new product, intended for the card and payments industry, provides a “deeper layer of defense to...
The fourth-quarter earnings at two of the country’s largest sellers of home goods and electronics both benefited from the so-called COVID nesting trend, but the business outlooks given by Wayfair and Best Buy on Thursday (Feb. 25) suggest that an inevitable slowdown is coming. While...
Given that roughly 15 percent, or 690, of TJX Corporation’s off-price retail stores in Europe and Canada are currently still closed due to pandemic restrictions, the Framingham, Massachusetts company’s fourth-quarter results must be taken with a large grain of salt. They are estimated to take...
You might think that the head of a major wine delivery service would be worried about the prospect of Uber’s $1.1 billion acquisition of 60-minute alcohol ordering platform Drizly, but for Drinks.com Co-Founder and CEO Zac Brandenberg that’s not the case. Get the Full Story...
Klarna reported record gross merchandise volume for the full year January to December 2020, with total net operating income exceeding $1 billion, according to a Thursday (Feb. 25) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Belk has finished its financial restructuring, working out an accelerated pre-packaged single-day reorganization. The department store retailer’s plan of reorganization garnered near-full support from its current lenders, according to an announcement. The plan allows for vendors and landlords to receive full payment amid normal ongoing...
A merger of payments firms Transaction Services Group (TSG) and Clearent is said to be in the works by the private equity firm Advent International, Bloomberg reported on Thursday (Feb. 25), citing sources. The combined entity will be valued at $3 billion including debt, one...
By now, the surge in FinTech competition and regulatory initiatives designed to spur innovation in the financial services market have made it clear: legacy banking often fails to live up to the rising expectations of small business customers. Get the Full Story Complete the form...
