News

B2B Payments
IRIS Expands Outsourcing Service to Accounting Firms in Americas
September 05, 2023

Global software provider IRIS Software Group has introduced its IRIS Outsourcing service for accounting firms in the Americas market. This service aims to tackle the talent gap in the industry by offering a range of solutions, including bookkeeping, management accounting, payroll processing, financial statements and taxation services, the company...

Banking
Bluevine Expands FDIC Insurance Coverage by Working With Sweep Network
September 05, 2023

Bluevine, a digital banking platform catering to small businesses, has expanded its Federal Deposit Insurance Corporation (FDIC) insurance coverage. Account holders with Bluevine will now have coverage of up to $3 million, an increase from the industry standard of $250,000, the company said in a Tuesday (Sept....

Delivery
Aggregators and Restaurants Wrestle Over Delivery Economics as Consumers Bail
September 05, 2023

As restaurants and aggregators jockey over delivery revenue, consumers are increasingly finding that the fees and upcharges on these platforms are not worth the price. Aggregators have been looking to disincentivize restaurants from inflating menu prices on third-party platforms to compensate for the commission these...

Partnerships / Acquisitions
Healthcare Solutions Providers PracticeTek and Integrated Practice Announce Merger
September 05, 2023

PracticeTek and Integrated Practice Solutions have merged to create one of the largest retail healthcare solutions providers in the United States. The combined company will operate under the PracticeTek brand and will offer a range of tools to over 40,000 retail healthcare providers in the U.S. and Canada,...

Security & Fraud
Wirecard Whistleblower Launches Company to Spot Misconduct
September 05, 2023

Pav Gill helped blow the whistle on wrongdoing at German payment company Wirecard. Now, he’s reportedly launching a platform to help others do the same at their firms. Gill, who headed the legal department for Wirecard’s Asia-Pacific operations, said in an interview with Bloomberg News Tuesday (Sept. 5)...

B2B Payments
Death by Paper Cut: The Hidden Costs of Checks
September 05, 2023

The way things have always been done could be harming firms in the long run. That’s because in an era where technological advancements are transforming industries at an unprecedented pace, businesses that continue to rely on paper checks and other manually driven processes are inadvertently...

Investments
Buttnernut Box Raises Over $350 Million Amid Pet Care’s D2C Shift
September 05, 2023

With consumers disproportionately turning to eCommerce channels to get their pet supplies — and willing to pay a premium to do so — Butternut Box is bringing in funding by the hundreds of millions. The United Kingdom-based direct-to-consumer (D2C) brand, which sells dog food subscriptions, announced Monday...

B2B Payments
Boost and Esker Partner to Automate B2B Virtual Card Payments
September 05, 2023

Boost Payment Solutions and Esker have partnered to fully automate virtual card processing for accounts receivable (AR) departments. The collaboration seeks to streamline payment reconciliation and eliminate manual efforts, offering greater efficiency and simplicity to the virtual card acceptance process, the companies said in a Tuesday (Sept. 5) press...

Investments
ThetaRay Raises $57 Million for AI-Driven Financial Crime Detection
September 05, 2023

Payments firm ThetaRay has raised $57 million to boost its financial crime detection capabilities. The growth round, announced Tuesday (Sept. 5), was led by Portage and will allow ThetaRay to accelerate its global growth plans. “Global payment infrastructure too often fails to accurately differentiate between perfectly legitimate transactions...