When an eCommerce brand is onboarding a third-party supplier or manufacturer before launching a new product, smart contracts powered by blockchain technology and cryptocurrency can help them avert future supply chain disruption due to slow payments or authentication processes. That’s just one way successful multinational...
Investors’ tendency to slash the valuations of unprofitable businesses when the macroeconomic winds aren’t blowing their way is understandable. But for companies that are feeling the brunt of investor skittishness, making a solid argument for shareholders not to jump ship in times like this is...
Today in B2B payments, Mashreq debuts non-banking services initiative for small businesses while Montway Auto Transport debuts a digital platform. Plus, ACH network moves 7.5 billion payments thanks to growth in same-day transactions, Amex debuts Global Pay for increased cross-border payment capabilities and inflation has...
Credit card and point of sale (POS) processor Green Payments is launching its new Dealer Genie program, which is intended to offer automotive dealer merchants control over internal processing while providing customers with an overall improved experience. The new processing program provides customization that was...
The $190 million hack of Nomad, a cross-chain bridge protocol used to make transactions between different blockchains is unusual in one regard. The theft on Monday (Aug. 1) theft wasn’t carried out by one bad actor — but apparently by hundreds who were simply able...
Consumers have a variety of reasons for obtaining credit cards from their primary banks or other issuers, according to “Bundled Banking Products,” a PYMNTS and Amount collaboration based on a survey of 2,290 U.S. consumers. Get the report: Bundled Banking Products The top three reasons...
As delivery firms compete for consumers’ dollars, leading players are leveraging their subscription and membership programs to become one-stop shops for restaurant orders. Uber, for its part, is seeing nearly a third of its delivery orders coming from members of its paid Uber One membership...
Egypt-based eCommerce platform Homzmart has closed a Pre-Series B round of $23 million. The round included participation from STV, Impact46, Outliers Ventures, Rise Capital and NUWA Capital, according to a Tuesday (Aug. 2) report from Magnitt. Homzmart is a home- and furniture-focused online retailer that...
Parafin, a FinTech launched by veterans of Robinhood Markets, has raised $60 million in a new financing round. As Bloomberg News reported Tuesday (Aug. 2), the round — the company’s third — was led by GIC Pte, Singapore’s sovereign wealth fund, along with existing investors...
