As restaurant brands look to boost consumers’ engagement, some are finding that the way to keep customers coming back is by putting them in charge of their own loyalty rewards. Fast-casual brand Rubio’s Restaurants, for one, which has more than 150 restaurants across California, Nevada...
Mexico City-based lending platform R2 has raised $15 million in a Series A funding round. The round, led by Wen-Wen Lam of Google’s venture fund Gradient Ventures, will allow R2 to conduct more hiring in the areas of engineering, product, data and risk, finance, compliance...
Brazil’s Pix instant payment system has become a central issue in that country’s upcoming presidential election. President Jair Bolsonaro is using the system — launched by Brazil’s central bank two years ago — to promote a positive agenda before voters head to the polls in...
Today in B2B payments, Live Oak Bank adds 10 lenders to its general Small Business Administration (SBA) lending team, while ACI Worldwide’s former corporate online banking unit becomes an independent company. Plus, everphone raises $32 million for Phone-as-a-Service, while a merger creates an end-to-end digital...
Today in Europe, the Middle East and Africa (EMEA) news, a European Union lawmaker reveals that the text for the EU’s Markets in Crypto Assets (MiCA) could be ready in the next six weeks. Plus, an open banking partnership between kevin and Monet+ sets an...
It’s been an eventful period in the B2B payments space. Here’s a recap of recent developments along with an analysis of the trends they illustrate. Integration Takes Top Billing Two developments illustrate the trend toward integration of B2B payment automation functionality into accounting and operating...
U.K.-based FinTech kevin has partnered Monet+ to deliver account-to-account (A2A) payments via the Monet+ Switchio platform, the firm announced on its website Friday (Sept. 2). Switchio by Monet+ works with multiple acquirers to manage millions of transactions each day. By integrating the FinTech’s infrastructure into...
ByteDance, the Chinese unicorn that owns the popular social media platform TikTok, has no plans to go public, the company’s chief financial officer said this week. As the South China Morning Post reported Friday (Sept. 2), CFO Julia Gao made this announcement during an internal...
Live Oak Bank has announced that 10 lenders have joined its general Small Business Administration (SBA) lending team in the first half of 2022. These lenders work with brokers, intermediaries and individuals to assist with business acquisitions, partner buyouts and real estate purchases, the Wilmington,...
