News

Payments Innovation
IDEX Biometrics Debuts Payments Cards in Turkey
July 25, 2022

Due to consumer demand, IDEX Biometrics on Monday (July 25) launched a biometrics payment card program across Turkey that should be in consumers’ hands by the first quarter of 2023, according to a press release. Earlier this year, IDEX, a provider of fingerprint identification technology,...

Regulation
CFTC Introduces Office of Technology Innovation as Crypto Regulation Develops
July 25, 2022

The Commodity Futures Trading Commission (CFTC), which is one of the top U.S. crypto regulators, is bolstering its regulatory power with the new Office of Technology Innovation, according to remarks from CFTC Chairman Rostin Behnam Monday (July 25). Behnam said this new office would grow...

B2B Payments
Today in B2B Payments: Finexio Valued at $100M After Series B Funding Round; Small Trucking...
July 25, 2022

Today in B2B payments, brands are offering NFTs rather than loyalty programs to their customers, while a PYMNTS report reveals the three must-have B2B payment tools for small businesses. Plus, Cartona will expand thanks to a $12 million fundraising round, HDBank and Unilever team up...

eCommerce
B2B Logistics Firm Kwik Launches eCommerce Storefront
July 25, 2022

B2B logistics company Kwik is expanding its digital services with the debut of KwikStore, a free eCommerce storefront that lets merchants in Africa do business from their smartphones, according to a Monday (July 25) press release. “Social vendors can link their KwikStores to their social...

Investments
Kitchen United Raises $100M Series C for Tech Hub
July 25, 2022

Ghost kitchen and restaurant technology hub Kitchen United raised $100 million in a Series C funding round to further evolve its multi-concept ordering technology platform currently being used by Burger King, Popeyes, Panera Bread, Wingstop, Brinker International and many others. The fresh infusion of capital...

B2B Payments
3 Must-Have B2B Payment Tools for Small Businesses
July 25, 2022

Small- to medium-sized business (SMB) payers and suppliers often encounter a mismatch between the ways the two players want to make and receive payments — a potential source of continuous friction in the B2B ecosystem. For the SMB payers, the four most cited issues that...

Retail
Target Aims for Faster Shipping With New Sortation Centers
July 25, 2022

Target is adding three new sortation centers to the six it already has nationwide with the overall goal to ship faster and improve customer experience, according to a Monday (July 25) press release. Two new centers are being added in greater Chicago and one will...

Investments
Finexio Grabs $14M at $100M Valuation in Series B Funding Round
July 25, 2022

B2B accounts payable (AP) Payments-as-a-Service (PaaS) company Finexio has closed a $30 million fundraising round at a $100 million pre-money valuation, according to a Monday (July 25) company press release. Mendon Venture Partners and National Bank Holdings Corporation led Finexio’s funding effort, with participation by...

Retail
Gap Pivots From C-Suite Shake-up to ‘Shock Drops’ for Yeezy
July 25, 2022

In 1937, the “world’s greatest salesman,” Elmer Wheeler, shot to fame and fortune with a marketing book and quip “Don’t Sell the Steak — Sell the Sizzle.” Eighty-five years later, it appears that the nation’s largest — but most beleaguered — apparel retailer has taken...