Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via these platforms are expected to quadruple from $1 trillion to $4 trillion between 2020 and...
Raising the level of deposit insurance for banks should not go too far. So said Wells Fargo CEO and President Charlie Scharf on Tuesday (May 2) during a panel discussion at the Milken Institute Global Conference. Banks are independent enterprises, are highly regulated and are...
Investors remain concerned about the future of regional banks. After regulators seized the struggling First Republic Bank and auctioned it off Sunday (April 30) and JPMorgan Chase agreed to acquire it on Monday (May 1), shares of other regional banks dropped on Tuesday (May 2),...
As restaurant aggregators push back on inflation-related trade-down, discounts are key to maintaining frequency. Uber Eats, for its part, is making a play for affordability with the Uber-wide Uber One paid membership program, which offers free delivery on food orders, among other perks. The company...
Instacart is now providing same-day delivery from 1,500 PetSmart stores in the United States. The expansion of this partnership into the U.S. follows the successful launch of the offering from 150 PetSmart stores in Canada, the companies said in a Tuesday (May 2) press release....
Tech rivals Apple and Google say they’re uniting against a common foe: unwanted tracking. “Location-tracking devices help users find personal items like their keys, purse, luggage, and more through crowdsourced finding networks,” the companies said Tuesday (May 2). “However, they can also be misused for unwanted tracking...
When it comes to its purchase of Silicon Valley Bank’s British arm, HSBC is thinking globally. In an interview Tuesday (May 2) with Bloomberg Television, HSBC CEO Noel Quinn said his bank’s purchase of Silicon Valley Bank (SVB) U.K. will help lay the groundwork for...
Aligned has raised $5.8 million to develop a network that aims to streamline B2B dealmaking. The company will use the new funding to continue building out its B2B buyer-seller network that is designed to enable more effective collaboration and eliminate the need for email threads,...
Boodil has launched a Pay by Portal solution to allow businesses to take account-to-account payments. This new solution enables merchants to send out payment links via SMS, email or QR code; collect payments from customers via an open banking payment method; and reduce credit card...
