Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals and the banking industry. This surge in cybertheft and financial scams has prompted regulators, law enforcement agencies and financial institutions...
TimeForge has partnered with Forage to empower grocery retailers with technology that will expand their payment options in today’s challenging retail landscape. The partnership brings together TimeForge’s labor management platform for independent grocers and Forage’s payments technology that helps merchants accept government benefits, the companies said in...
FinTech company Ramp has secured $300 million in a Series D funding round, bringing its post-money valuation to $5.8 billion. The funding will allow Ramp to expand its business categories and deliver more value to its customers, the company said in a Tuesday (Aug. 22) press release. Commenting...
Live selling technology firm CommentSold says it has acquired mobile live streaming marketplace Popshoplive. The deal, announced Tuesday (Aug. 22), marks CommentSold’s (CS) entrance into direct-to-consumer commerce, the company said in a news release. “With the revamped version of Popshoplive, powered by CS, creators will have the opportunity to...
Shipt is expanding its c-suite as its parent company, Target, aims to grow its share of same-day delivery sales. The grocery and retail delivery company announced Tuesday (Aug. 22) that it has expanded the role of Smrutha Ipparthi, previously chief product officer, to chief technology...
One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed. Faster payments tend to translate into greater efficiency and transparency, and there are any number of initiatives in the mix to improve cross-border transactions. Real-time payments, of...
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged in illegal loan-churning practices. The CFPB alleged that the company and its subsidiaries (collectively known as Southern) target struggling borrowers...
Kroger is reportedly now the number one sushi seller in the United States — a circumstance that comes alongside grocers’ ongoing effort to become consumers’ one-stop shop for food of all kinds. According to a Wall Street Journal (WSJ) report Monday (Aug. 21), Kroger has risen to the...
French multinational tech firm Thales has unveiled a tool to help customers adopt a cloud-based payments infrastructure. Announced Tuesday (Aug. 22), the Thales payShield Cloud HSM is a subscription-based digital payments security service built using the company’s payShield 10K Payment Hardware Security Module (HSM) technology. “Across industries and...
