News

B2B Payments
Trintech Eyes Transparency With Accounting Tech Update
August 16, 2020

Trintech, which works in integrated Record to Report software, is releasing Cadency 9.0, the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says. Get the Full Story Complete the form to unlock...

Investments
Buffett’s Berkshire Hathaway Dumps US Bank Stocks For Gold
August 16, 2020

Berkshire Hathaway’s unloading of billions of dollars from bank stocks is exacerbating the hurt on the nation’s biggest financial institutions, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Axle Lands $27.7M For Freight Financing, B2B Payments
August 16, 2020

Axle, which works in cash flow for the freight and logistics industry, has raised $27.7 million in a funding round, which it intends to go toward continuing the company’s work in automating processes and boosting cash management, according to a press release. Get the Full...

B2B Payments
Plastiq Joins Visa Hub To Help SMBs Access Payment Options
August 16, 2020

Plastiq, which works in intelligent payments software, is now included in the U.S. Visa Small Business Hub, which will allow it to join other firms in offering new, safe, digital tools to small- to medium-sized businesses (SMBs), according to a press release. Get the Full...

Retail
Welcome To The Golden Age Of Sweatpants
August 15, 2020

We’ve witnessed a truly breathtaking amount of innovation amid the pandemic, as firms of all descriptions found themselves diving toward digital commerce in an attempt to keep at least some of the economy’s lights on. Digital commerce, expanded local delivery, buy online pick up curbside,...

Investments
Initialized Capital Management’s Fifth Fund Notches $230M For Startup VC
August 14, 2020

Initialized Capital Management has raised $230 million for Initialized V, the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
Alibaba’s Ant Group Files Preliminary IPO Docs
August 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Trump Administration Calls For 30 Pct. Boost In AI, Quantum Spending
August 14, 2020

Artificial intelligence (AI) and quantum information science will get a boost if Congress approves the Trump administration’s nearly one-third spending increase in next year’s budget. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Movie Theaters Go Big To Bring Customers Back
August 14, 2020

In case you missed it, PYMNTS reported that in the week of April 20, weekend movie box-office grosses came in at just under $34,000 total. For the entire nation. “That is not a typo,” our coverage reassured readers, while adding the equally bizarre fact that “all...