News

B2B Payments
LegalConnect Launches Payment Processing Solution for Litigation Support Services Firms
May 24, 2023

LegalConnect has launched an integrated payment processing solution for litigation support services firms. The new LegalConnect Payments helps these firms consolidate and save money on payment processing fees, collect and process online customer payments, and receive next-day funding for better cash flow, the legal technology company said in...

IPO
Fast-Casual Brands Prepare IPOs as Sector Bounces Back
May 24, 2023

With fast-casual chains’ stocks outperforming the restaurant industry, more brands, including Panera and Cava, are looking to capitalize on the industry’s recovery. Panera Brands, a group encompassing fast-casual bakery-café chain Panera Bread, Einstein Bros. Bagels and Caribou Coffee, announced significant moves Tuesday (May 23) on its path to going public via initial...

Investments
Figure Raises $70 Million to ‘Deploy Humanoids Into the Workforce’
May 24, 2023

Artificial intelligence company Figure has raised $70 million toward its goal of commercialized, humanoid robots. The Series A round, announced Wednesday (May 24) is part of a wave of recent funding in the artificial intelligence (AI) space, and is designed to help the company build...

B2B Payments
HSBC Hong Kong Debuts POS Financing for B2B Sales
May 24, 2023

The Hong Kong arm of banking giant HSBC has launched a B2B transaction financing tool. The new offering lets B2B sellers on online platforms offer customers extended payment terms, Trade Finance Global reported Wednesday (May 24). “The last few years mark an accelerated shift to online buying and selling...

Retail
Shein Diversifies US Strategy, Launches Third-Party Marketplace and Pop-Ups   
May 24, 2023

With a passionate online following already under its belt, Shein is now setting its sights on expanding its influence in the U.S. In pursuit of this goal, the fast-fashion eTailer is launching a venture that involves the introduction of pop-up stores and the establishment of...

Retail
eCampus Capitalizes on Amazon’s Exit From Textbook Rental Space
May 24, 2023

eCampus.com says it is making the most of Amazon’s decision to end textbook rentals. The company, which sells textbooks and course materials, announced Tuesday (May 23) that it would keep offering textbook rentals, something it had been doing in partnership with Amazon. “College students have...

Digital Banking
Report: NCR Considers Selling $2 Billion Digital Banking Business
May 24, 2023

NCR is reportedly weighing selling its digital banking unit ahead of its planned split. That’s according to a report Tuesday (May 23) from Reuters, citing unnamed sources who say the sale of the business could be worth more than $2 billion. These sources said NCR...

CFPB
CFPB: Citizens Bank to Pay $9 Million Fine Over Credit Card Billing Errors
May 23, 2023

The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group have reached a settlement on a CFPB complaint. Citizens will pay a $9 million civil money penalty to resolve CFPB’s allegations that Citizens Bank, a subsidiary of Citizens Financial Group, failed to properly manage and respond to customers’ disputed credit card transactions...

Delivery
Shipt Launches Offers and Personalized Dashboard for Members
May 23, 2023

Shipt has launched exclusive offers and a personalized dashboard for members. These new benefits are available to both monthly and annual subscribers to the personal shopping and delivery service, Shipt said in a Tuesday (May 23) press release. “Our members are core to what we do,”...