The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow, its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. Reception toward the initiative was not, however, universally positive. Get the Full Story Complete...
A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Digital fitness brand Peloton ended its first day of trading down 11 percent from its IPO price of $29 a share, Marketwatch reported on Thursday (Sept. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Inventory stock outs plague brick and mortar retailers. Knowing just what items are where — and replacing or replenishing them — can be a painstaking task. Martin Hitch, co-founder of Bossa Nova, tells Karen Webster that robots in the aisles can pinpoint problems on shelves before...
Since California first declared marijuana “legal” for medical consumption in 1996, transactions involving legally permitted cannabis have been complicated things. In fact, in the intervening 23 years, the situation has arguably gotten even more complex as 31 states (plus the District of Columbia) have legalized...
California-based digital bank Mercury has announced it has raised $20 million in Series A funding that will be used to build a bank for startups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Beyond Pricing, a startup that helps Airbnb users manage what to charge using an algorithm that calculates numerous factors, has raised $42 million in a funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A startup that focuses on helping student borrowers with their debt has raised $10 million in a funding round, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Today in the payments news roundup, the U.S. House of Representatives passed the Secure And Fair Enforcement (SAFE) Banking Act that provides cannabis businesses with banking access. Also, SoftBank Group reportedly intends to put an extra $1 billion or more into WeWork. And Peloton is hoping for an $8.2...