Mashreq has launched electronic facial recognition (EFR) technology to facilitate the onboarding of large corporate clients. With the implementation of this technology, UAE-based large corporate banking clients can open bank accounts in an entirely paperless onboarding process, Mashreq said in a Wednesday (July 5) press release....
Debit remains among consumers’ preferred payment methods, allowing them to spend only the funds on hand. But for merchants, rewarding consumers for using debit cards — specifically, merchant-branded cards — may hold an uneven track record. Kroger announced last week on its web page, that...
Silicon Valley Bank (SVB) has reportedly — and carefully — reentered the startup/venture lending business. As The Wall Street Journal (WSJ) reported Wednesday (July 5), the bank — acquired this spring by First Citizens — has slowed its lending, leading to slowing venture debt market, and in turn keeping already-struggling...
New York City has become the first city in America to regulate artificial intelligence (AI) use in hiring. A report Wednesday (July 5) by The Wall Street Journal (WSJ) examined the law, dubbed NYC 144, which requires companies that use AI software to help with hiring and promotion...
After eight years of self-funding, French accounting startup Dougs has raised its first outside financing. The company took in $27 million in its first funding round, TechCrunch reported Wednesday (July 5), and plans to use the capital to double the size of its team by 2025 and expand...
BP has begun its rollout of a digital payments solution for fleets. The energy company’s new BP In-Truck Connect is being launched in the United Kingdom with Mercedes-Benz Trucks UK and will later be rolled out more broadly, BP said in a Friday (June 30) press release. “We are...
As Instacart steps up its digital capabilities, it becomes increasingly difficult for grocers — especially smaller players — to build competitive in-house eCommerce systems. In an interview with PYMNTS following the announcement of the aggregator’s new made-to-order feature, Rob Hill, general manager of order ahead at Instacart, said online...
Swedish medical diagnostics company Neko Health has raised 60 million euros (about $65 million) to expand beyond its borders. The company, co-founded by Spotify CEO Daniel Ek, announced the Series A funding in a Wednesday (July 5) press release, noting that it was the first time it had brought in outside capital....
As eCommerce merchants look to win the loyalty of customers who are on the fence, there are a range of factors that can be make or break at the point of checkout for these persuadable consumers. For PYMNTS’ study “At The Checkout: Deal-Chasers Versus Loyal...
