Brightwell and Visa have teamed up to help customers launch cross-border payments programs. This collaboration enables the use of Visa Direct through Brightwell’s ReadyRemit platform, making it easier for FinTechs, money transmitters, and prepaid and banking providers to enable real-time push payments to 3 billion...
Restaurant delivery economics may be tricky, but with rising demand, the channel isn’t going anywhere. The Context Delivery sales continue to rise. Last month, the nation’s leading restaurant aggregator DoorDash shared in its earnings report that orders grew 35% year over year in the fourth quarter. “2022...
As merchants begin to clamp down on returns, more brands are revisiting how they handle this inescapable aspect of eCommerce, with Gap the latest to announce it’s trying a new way. In a Tuesday (March 28) press release, returns technology provider Optoro announced that Gap...
Around the world, grocers are reconceiving their grocery delivery businesses to better meet consumers’ needs. Kroger is slowing down its automated fulfillment center rollout but remains committed to opening more, as the grocery giant’s technology partner, British online grocery company Ocado, said Tuesday (March 28), Reuters reported....
States can continue extending disclosure laws covering lending to businesses. The Consumer Financial Protection Bureau (CFPB) said in a Tuesday (March 28) preemption determination that such state laws are not inconsistent with or preempted by the federal Truth in Lending Act, the CFPB said in a Tuesday press release. “After analyzing...
Aiming to gain greater control over the digital restaurant market, Uber is rethinking ghost kitchens. The company announced Tuesday (March 28) the launch of its Certified Virtual Restaurant Program, through which Uber Eats takes a more central role in creating and controlling virtual brands on...
Reeco has raised $10 million in seed funding and expanded the availability of its hospitality procurement marketplace. The marketplace, which connects hospitality buyers and suppliers, uses artificial intelligence (AI) to match the buyer’s order to one or more optimal suppliers, Reeco said Tuesday (March 28). “Reeco...
Hazy has raised $9 million in Series A funding for its synthetic data solutions. The London-based firm uses artificial intelligence (AI)-generated synthetic data with no real information to replace real data, thereby eliminating privacy risks while preserving statistical quality. The data is used in AI...
An executive at America’s largest bank is confident corporate bonds will weather the recent banking industry turmoil. In an interview with Bloomberg News Tuesday (March 28), Jed Laskowitz, a chief investment officer at J.P. Morgan Asset Management said that investment-grade credit can provide returns “in...
