News

Retail
Forever 21 Unveils Visual Search For eCommerce
August 24, 2018

Moving beyond text-based online search for its customers, Forever 21 has unveiled visual search for its website and mobile eCommerce platforms. The technology, which is powered by artificial intelligence, was developed by Donde Search, the retailer said in an announcement. Get the Full Story Complete...

Investments
Visa Makes Strategic Investment In Paidy
August 24, 2018

Visa has made a strategic investment in Paidy, which offers instantly issued post-pay credit services for eCommerce consumers based in Japan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Consero Global Lands $50M For Finance-As-A-Service
August 24, 2018

Finance-as-a-Service startup Consero Global secured $50 million in funding for its solution, with reports in AustinInno calling it one of the largest investment rounds for a mid-market financial services startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
PIRS Capital Talks Merchant Cash Advance Evolution
August 24, 2018

Small businesses’ use of alternative finance platforms is slowly on the rise. While data from the Federal Reserve shows small and large banks still tower over online lending platforms when it comes to small businesses that seek financing, the Fed has recorded a steady climb...

B2B Payments
ACI Worldwide Powers Fleet Tax Payments
August 24, 2018

Electronic payments company ACI Worldwide is integrating its technologies with SPAN Enterprises, a tax filing technology provider, to power tax payments for the fleet industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
B2B Finance As A Service Tops This Week’s VC List
August 24, 2018

The big B2B venture capital news of the week was Augmentum Fintech’s trio of investments, signaling the company’s focus on the B2B FinTech market — but it wasn’t the only firm targeting this startup space. Investors also took a liking to accounting technology, alternative small...

B2B Payments
Axiom Bank Acquires Factoring Firm
August 24, 2018

U.S.-based Axiom Bank is expanding its business lending capabilities through the acquisition of Allied Affiliated Funding, reports said Thursday (Aug. 23). A press release announced the takeover agreement, which will see Axiom absorbing Allied’s asset-based lending and factoring offerings. The acquisition will also bridge Allied’s...

B2B Payments
AltFin’s Next Hurdle: The Small Business Relationship
August 24, 2018

A lack of access to funding may have opened the doors for alternative finance, but AltFin’s ability to quickly innovate and provide digital services — often faster than traditional banks could — means that online lending platforms have been able to compete and gain traction....

B2B Payments
In Payments Fraud, Bad Guys Play Go Phish
August 24, 2018

There's nothing new under the sun, except when it comes to payments fraud.  Phishing still grabs victims by the wallet, and Barclays warns against social engineering.  In the meantime, fake invoicing made the news in the UK and elsewhere.