AvidXchange has added a Lien Waiver Management feature for the construction industry. This new feature has been added to the company’s TimberScan purchase-to-pay platform and associates the release of funds with the receipt and inspection of the lien waiver, AvidXchange said in a Thursday (June 1) press release. “Tracking and...
The digitization of everyday life is transforming nearly every consumer touchpoint, particularly payments. As the world continues to hit new levels of daily digital engagement, generative artificial intelligence (AI) is emerging as a crucial optimization driver within future-fit solutions like embedded finance. That’s because AI capabilities...
British financial platform Revolut says it now has more than 30 million retail customers. That’s according to an announcement from the company Thursday (June 1), noting that it had added more than 5 million users worldwide since November of 2022. “Revolut is growing at almost...
Embedded finance startup Weavr has teamed with Visa in the B2B Software-as-a-Service (SaaS) space. The partnership, announced Thursday (June 1), is aimed at speeding the adoption of embedded finance solutions for B2B SaaS firms. “Embedded finance enables B2B software businesses to integrate financial services into...
Access to credit, the value of credit in managing personal finances, and fear of debt are all coming into play at a time when over 60% of U.S. households live paycheck to paycheck, including those bringing in six-figure salaries, with many struggling to make ends...
The Telos Foundation has teamed with GameStop to help mainstream Web3-based gaming. The collaboration lets the Telos blockchain access game distribution through GameStop Playr, the company’s planned Web3 game launcher, the Telos Foundation said in a Thursday (June 1) news release. “This collaboration signifies a meaningful...
eBay has begun authenticating streetwear as part of its push into the luxury market. Beginning Thursday (June 1), the online marketplace will include streetwear along with sneakers, watches, jewelry, handbags and trading cards in its authentication program, according to a Thursday press release. “eBay has...
In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven itself resilient by posting a surprise quarterly profit and surpassing revenue estimates. The company’s turnout was attributed to improved inventory...
JPMorgan Chase is giving business clients deeper access into its $9.6 trillion payments network. The banking giant on Thursday (June 1) debuted its Payments Partner Network, a digital platform powered by Salesforce that lets merchants and corporate treasury clients view and tap into a matrix...
