News

Investments
Sweetgreen Closes $150M Funding Deal On A $1.6B Valuation
September 23, 2019

Restaurant disruptor sweetgreen raised $150 million in a new funding round co-led by Lone Pine Capital and D1 Capital Partners, sweetgreen said in a press release on Monday (Sept. 23).   Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Apple’s iOS13 Said To Have Payment Security Issues
September 23, 2019

Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Oracle Offers AI Automation For AML Compliance
September 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release. Get the Full Story Complete the form to unlock...

News
Top News In Payments: Facebook Acquires AI Chatbot Firm Servicefriend; Apple’s iPhone 11 Receives Quiet...
September 23, 2019

Today in the payments news roundup, Facebook has acquired Israel-based hybrid chatbot startup Servicefriend to build customer service bots for its planned Calibra digital wallet. Also, Shanghai and Beijing Apple stores were relatively quiet when the new iPhone 11 hit shelves on Friday (Sept. 20.)...

Security & Fraud
FICO Launches Fraud-Fighting AI Tech
September 23, 2019

Credit scoring and analytics company FICO is launching the FICO Falcon X and the FICO Financial Crimes Studio to help data scientists leverage artificial intelligence (AI) technology to help with the detection of financial crimes, according to a release by the company. Get the Full...

eCommerce
New Microsoft Tool Lets Merchants Create Product Web Pages
September 23, 2019

Microsoft has released a new a new tool to help businesses manage their brands online, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Digital Banking
Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank 
September 23, 2019

The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. central bank said in a press release on Monday, Sept. 23. Get the Full Story Complete the form to...

B2B Payments
Virtual Cards Can Be Valuable For Analog Industries
September 23, 2019

Last week’s launch of the Mastercard Track Business Payment Service, designed to automate payments between the world’s suppliers and buyers, is just one sign that B2B payments are changing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
When DTC Experiential Retail Goes To The Theater
September 23, 2019

When SHOWFIELDS opened up in New York City a little under a year ago, just in time for the 2018 holiday season, it advertised its experiential retail concept as “the most interesting store in the world.” Instead of being merely a nicely laid out warehouse...