SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35 markets worldwide, will gain direct access to the U.K. Faster Payments Scheme (FPS) and Bacs Scheme, the companies said in...
As businesses look to balance consumers’ on-demand expectations with the high cost of fulfillment, ultrafast delivery has been faltering, and DoorDash has become the latest to pull back its efforts in the space. In news first reported by Business Insider and confirmed to PYMNTS, the...
Meadow Lark Agency has partnered with OTR Solutions on carrier payment systems. The strategic partnership will allow OTR Solutions’ back-office services to support Meadow Lark’s carrier payment process, giving Meadow Lark carriers access to favorable terms, the companies said in a Friday (July 7) press release. “This carefully curated partnership...
The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage of loopholes that allowed them to avoid some requirements of the act, the White House said in a Friday (July...
Generative AI is increasingly popular, but business leaders looking to stay in front of the wave will need to pay attention to avoiding being run over by it.
On paper, B2B payments are ripe for digitization. The only problem is that so many B2B payments remain, ironically, stuck on actual paper. It’s the 21st century, after all. Yet around 4 in 10 B2B payments made in the U.S. rely on paper checks and...
The job numbers came in hot. The Fed looks set to raise rates. And the interest rate-sensitive names in the FinTech IPO Index took a bit of a hit. In a holiday-shortened trading week, the index limped into Friday down a bit more than 1%,...
Hooking consumers with the privileges of subscription membership is worth offering trial giveaways for Amazon and Walmart. Ahead of July’s savings extravaganza, Amazon and Walmart are increasing free subscriptions or trial offers for their membership programs, Amazon Prime and Walmart+. With the intent of luring...
When it comes to online grocery, consumers are more willing to hop in their cars and pick up their orders than wait around (and/or pay the extra price) for delivery. For the study “12 Months of the ConnectedEconomy™: 33,000 Consumers on Digital’s Role in Their...
