Oxford Commercial Finance has expanded its small and medium-sized business (SMB) working capital offerings. The Michigan-based lender — a subsidiary of Oxford Bank — announced Thursday (Sept. 21) it would begin offering purchase order (PO) financing, in addition to its existing accounts receivable (AR) and asset-based loans (ABL). “PO financing...
Microsoft will launch Microsoft Copilot, an artificial intelligence (AI)-powered assistant, Sept. 26. The rollout of the assistant, which is designed to transform how users interact with technology, will be part of a free update to Windows 11, the tech giant said in a Thursday (Sept....
America appears to be living in the age of the porch pirate. Package thefts from people’s homes are on the rise, CNBC reported Thursday (Sept. 21), with 260 million delivered packages swiped in 2022, per security consultant SafeWise, which also estimated that 79% of Americans were...
The thing about technical innovations is that they tend to come in pairs. Or at least work in concert together. Generative artificial intelligence (AI) is increasingly being integrated across next-generation biometric payment channels, including facial and fingerprint verification, palm screening and even voice recognition, to...
Where new technology and new payment preferences arise, the hackers and scammers are sure to follow. Where technology helps connect consumers to apps and payment schemes, new attack vectors arise. QR codes have been around for roughly 30 years, and are enjoying a tailwind at...
Financial operating system Mesh has raised $22 million in a Series A funding round. The financing will allow Mesh to expand into new markets as it bolsters its embedded finance platform, according to a Thursday (Sept. 21) press release. “We are witnessing a massive shift...
So long, generative artificial intelligence (AI). We hardly knew ye. The buzzy technology is approaching legacy tech status, MIT Technology Review reported Sept. 15, with AI firms already rushing to bring to market the next generation of foundational AI models capable of more productivity contributions...
British FinTech Curve says it has raised more than $163 million in a Series C round. The super app provider, whose offering connects all of a user’s debit and credit cards into one single card and app, announced Thursday (Sept. 21) that it had raised an additional $71 million...
From November 2022 to mid-January of the current year, no less than 10% of weekly orders were subject to returns. During periods of inflation and when households face budget limitations, there is an increased likelihood of customers returning products that fail to meet their expectations. In response,...
