News

B2B Payments
Credorax, Samsung To Introduce Blockchain-Based Open Banking
June 10, 2020

Credorax, the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

eCommerce
Merchant eSolutions Rebrands As MerchantE, Debuts New Payments Services
June 10, 2020

Digital commerce platform Merchant eSolutions has rebranded to simply MerchantE, which a press release says reflects a commitment by the company to offer more choices, more transparency and better money management tools. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Goldman Sachs’ Marcus Pauses Adding Some UK Accounts To Avoid ‘Ring Fencing’ Rules
June 10, 2020

Goldman Sachs’ consumer digital bank Marcus is facing a nice problem to have (at least on the surface) in Britain. News emerged Wednesday (June 10) that the unit isn’t taking any more applications for savings accounts because demand has been so high that the volume...

B2B Payments
U.S. Bank Launches New Visibility, Invoice Options For Freight Carriers
June 10, 2020

New U.S. Bank features will allow freight carriers new B2B payment options such as a new dashboard for better receivables visibility and a way to pay invoices much quicker, according to a June 10 press release. Get the Full Story Complete the form to unlock this...

Partnerships / Acquisitions
Amazon, Goldman Have Lots To Gain From Their New Partnership
June 10, 2020

Small businesses hit hard by COVID-19 shutdowns are facing thin cash reserves, and the extension of credit to those SMBs has become an increasingly crowded field. The U.S. government, banks and Big Tech have all jumped into the ring to make financing more available, with the latest pair-up involving...

The Restaurant Group To Slash 125 UK Locations
June 10, 2020

U.K.-based The Restaurant Group, which serves up casual dining, reportedly plans to close 125 locations. That’s a big chunk of its stores, which include the Wagamama and Frankie & Benny’s chains. The latter will take the lion’s share of the hit. Get the Full Story...

Partnerships / Acquisitions
The Uber-Grubhub Deal Might Go Bust, But Food Delivery Keeps Cooking Up Consolidation
June 10, 2020

It looks like a much-anticipated Uber Eats-Grubhub merger that might have changed the entire food delivery landscape won’t be coming to fruition after all. Uber is reportedly looking increasingly likely to pull out of merger talks, as antitrust concerns around the potential deal have started to spring...

News
Today In Payments: Uber Eats Quits Ghost Kitchens; Klarna Pushes Into Rewards Space With ‘Vibe’
June 10, 2020

In today’s top news, Uber Eats abandoned its ghost kitchens program, Klarna announced a rewards program, and a slew of financial service firms have gone public in recent weeks, demonstrating that the Great Digital Shift is upon us. Get the Full Story Complete the form...

Retail
Simon Drops $3.6B Mall Deal, Sues Taubman Centers
June 10, 2020

Simon Property Group (SPG) has abandoned its $3.6 billion purchase of Taubman Centers Inc. and filed suit against the Michigan-based mall owner over an alleged breach of a merger agreement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...