Operations across international borders inherently add layers of complexity and fees to B2B operations. Yet despite historical speedbumps to global expansion, innovations in real-time payment (RTP) networks and digital-first interoperability solutions are helping businesses of all sizes take the leap into intercontinental commerce. This, as...
The Consumer Financial Protection Bureau (CFPB) is asking consumers and others about their experiences with credit cards. The information is to be used in a review of the industry that the CFPB does every other year, according to a Tuesday (Jan. 24) press release. “The...
Last-mile delivery is seeing increased competition from smaller players taking on pricey rivals like UPS and FedEx. There’s also the looming possibility of a labor strike hitting UPS by this summer, and retailers that got hurt by supply chain snags of 2021 aren’t waiting for...
With coupons improving U.S. consumers’ shopping experiences, grocers are stepping up their discounting efforts. American shoppers’ satisfaction is significantly improved by coupon usage. The “2023 Global Digital Shopping Index,” a PYMNTS and Cybersource collaboration, which draws from consumer panels from six countries spanning more than 13,000 participants,...
Sandbar says it has raised $4.8 million to enhance its financial crime detection software. The funding, announced by the New York FinTech Tuesday (Jan. 24), comes amid an uptick in financial crimes and an increase in fines against companies for failures in their anti-money laundering...
Vartana has raised $12 million in a Series A round and launched its B2B sales closing and financing platform. The platform tackles the friction that is involved in handling payment terms during a B2B sale, including the length of time involved in arranging a bank...
DailyPay has raised $260 million to build on its on-demand payroll offering. The company announced the new funding in a Tuesday (Jan. 24) news release, saying it would help it fuel its domestic growth and international expansion and invest in product innovation. It follows a...
CarMax is rolling out artificial intelligence (AI)-powered vehicle inspection systems across its wholesale business. The used car retailer has partnered with AI technology company UVeye on systems that assess vehicles and produce condition reports for wholesale buyers of vehicles sold at auctions, according to a...
Twinco Capital says it has raised $12 million to use towards its mission of providing SMBs with better access to capital. The Madrid-based company announced the Series A round on its LinkedIn page Tuesday (Jan. 24), noting the scope for new business at a time...
