Title insurers and others may soon be required to report the identities of the beneficial owners of companies that pay cash for real estate. The U.S. Treasury Department will propose a rule this month that will require real estate professionals to report this information to its Financial Crimes...
On-demand delivery management platform Cartwheel has integrated with the Toast Partner Ecosystem. Through this integration, restaurants that use Cartwheel’s Hybrid Delivery technology and third-party fleet management capabilities will now be able to manage their delivery operations directly from the Toast point-of-sale (POS) system, the companies said in a Thursday (Aug. 10) press release. Toast’s...
Sila has introduced a product that offers customers real-time access to ACH debits made to its platform. The new Instant Settlement offering eliminates the need for companies to rely on their own capital or endure the delays of traditional ACH debits, the FinTech company said in a Thursday...
Online grocery marketplace Instacart now accepts Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) payments throughout the entire United States. With the recent addition of Alaska, the company now accepts SNAP online in all 50 states and Washington D.C., with more than 120 retail banners...
Generative artificial intelligence (AI) may be suffering from recency bias. The technology, which splashed down into the marketplace last November, represents one of the most significant developments in computing capability since the development of data packet switching and communication protocols in the 1960s, which gave...
Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). This is being done to realign its capital structure,...
There’s been so much talk about the state of returns, but maybe not nearly enough around shipping. But both services are becoming equally important. The concept of shipping and returns has evolved into an immersive experience. Shipping has influenced the decisions of many shoppers considering...
Visa has expanded its partnership with Conferma Pay to enhance its B2B payment offerings. The new collaboration, announced Thursday (Aug. 10), is centered around Visa Commercial Pay, the payments giant’s B2B suite. “The pandemic exposed significant inefficiencies with traditional payment methods used by businesses,” Gloria Colgan, senior vice president,...
According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation, representing a 7% uptick compared to the previous year. In addition to this, 69% of...
