With rising crime rates, restaurants and grocery stores are revising their operations, including making changes to store hours and spending more on security. Some are even closing stores entirely, as Starbucks recently announced that it’s closing 16 of its U.S. stores after workers reported facing...
It only comes around once a year — National Ice Cream Day — it’s being celebrated on Sunday (July 17), and by happy coincidence, it aligns this year with the 100th anniversary of an iconic frozen treat, the Klondike Bar. As if anyone needs an...
African money transfer service M-Pesa has debuted bill pay interoperability that lets Airtel and Telkom customers make mobile money payments directly into Safaricom’s M-PESA Pay Bill Numbers. The move comes in the wake of the company’s announcement in April that allowed Kenyans to make mobile...
Congressman Jared Huffman, D-Calif., joined five Democratic U.S. senators in penning a letter to the Environmental Protection Agency and Department of Energy pushing for more control on the environmental impacts of cryptomining. Huffman and Sens. Elizabeth Warren, D-Mass., Sheldon Whitehouse, D-R.I., Edward J. Markey, D-Mass.,...
The payments division of ride-sharing and food delivery firm Didi was hit with 4.27 million yuan ($632,170) in fines on Friday (July 15) by the People’s Bank of China, Reuters reported, citing a notice from the central bank. Didi’s payments division was fined for 12...
Digital banking platform Apiture has closed a $29 million fundraising round, and plans to use it to increase its marketing efforts, speed up product development and meet increased demand for the Apiture Digital Banking Platform, according to a company press release. Live Oak Bank led...
Today in B2B payments, companies are starting to tap into the cash reserves they built during the COVID-19 pandemic, while Goldman Sachs leads an investment group that sends $150 million in debt financing to spend management platform Airbase. Plus, Synchrony and Fiserv collaborate on BNPL...
The benefits of real-time payments are catching the attention of a growing number of corporate treasurers and billing and payment executives. Helping to boost that growth is the fact that most companies that already use real-time payments plan to use them more often, according to...
Mexican FinTech Stori has achieved “unicorn” status following a $150 million Series C round that brought the company’s valuation to $1.2 billion. As Reuters reported Friday (July 15), the round was led by BAI Capital, Singapore’s GIC and GGV Capital. Participating investors include Lightspeed Venture...
