News

Delivery
The Rapid-Onset Delivery Ecosystem Evolution
April 07, 2020

While the eventual goal for perhaps all participants in the pre-COVID-19 commerce ecosystem was to center their operations around a digital-first mentality, priorities have shifted some in the last several weeks. A world that was aiming to get to digital-first has found itself launched – practically...

B2B Payments
Funding Options Strikes Open Banking Deal With 20 Alt Lenders
April 07, 2020

Through small business finance broker Funding Options, around 20 alternative lenders will now have the power to receive open banking data directly to begin making loans, AltFi reported Tuesday (April 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
BEC Tops Fraud Attempts Against Treasurers: Survey
April 07, 2020

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement. Get the Full Story Complete the form...

B2B Payments
OneStream Launches Automated Account Reconciliation
April 07, 2020

OneStream, which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it takes to reconcile accounts, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Visa, Billhop Team Up To Enable Card Supplier Payments
April 07, 2020

To let companies make payments to their suppliers via card, whether or not the supplier takes card payments, Billhop has rolled out a tie-up with Visa in Ireland. Visa cardholders have a “preferential rate” as part of the arrangement, according to reports. Get the Full...

News
Today In Payments: Fed Plans New Facility For SMB PPP Loans; SBA Computer Crash Tangles...
April 07, 2020

In today’s top news, the Federal Reserve and Treasury Department are collaborating to develop a new facility to help small- to medium-sized businesses (SMBs) stay afloat during the coronavirus, and the Paycheck Protection Program (PPP) is experiencing setbacks due to technical issues and demand. Plus,...

Partnerships / Acquisitions
SoFi Spends $1.2B To Buy FinTech Galileo
April 07, 2020

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The online personal finance firm will pay total purchase consideration of $1.2 billion composed of shares and cash, according to an announcement. Get...

Investments
Podium Lands $125M To Expand Contactless Payments Over Messaging
April 07, 2020

Customer messaging and relationship startup Podium has notched $125 million in a Series C funding round led by YC Continuity, the company announced on Tuesday (April 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Healthy Snack Company Rewrites Its Wellness Story
April 07, 2020

When the chapter is finally written on business during the COVID-19 crisis, there will be stories of the companies that simply fell victim to the virus through no fault of their own. Then there will be the companies that saw chaos and brought order, and...