News

Banking
NCR Atelos and Arizona Financial CU Team on Self-Service Banking
April 09, 2024

Arizona Financial Credit Union (AZFCU) has launched a partnership with retail banking firm NCR Atleos. According to a Tuesday (April 9) news release, AZFCU has picked Atleos’ ATM as a Service (ATMaaS) offering to boost operational efficiencies within its self-service banking channel. “As many of the credit union’s...

Investments
Basemark Raises $23 Million For Augmented Reality Automotive Software
April 09, 2024

Augmented reality (AR) software firm Basemark has raised $23 million in a new funding round. Based in Helsinki, Finland, Basemark makes augmented reality (AR) tools that help automotive original equipment manufacturers (OEMs) to develop AR applications for their cars via its Rocksolid AR software development tools. The...

International
EU Leaders Seek Reforms to Attract Private Capital
April 09, 2024

European Union (EU) leaders reportedly aim to harmonize the member nations’ bankruptcy and corporate tax laws. The leaders will call for this and other changes during a summit scheduled for April 17-18, Reuters reported Tuesday (April 9), citing a draft document it had seen. The EU leaders will...

Artificial Intelligence
Microsoft to Invest $2.9 Billion for AI Projects in Japan
April 09, 2024

Microsoft will invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country, training 3 million people in AI and setting up a Microsoft Research Asia lab in Tokyo, Microsoft said in a...

B2B Payments
Managing Third-Party Risks Emerges as Key B2B Issue
April 09, 2024

The B2B landscape is built atop trusted relationships, both formal and informal. These relationships can include partnerships and collaborations with third-party vendors, suppliers, contractors, service providers and more; and while these relationships can offer numerous benefits such as cost savings, access to specialized expertise and...

eCommerce
Cognizant Partners With Shopify as eCommerce Platforms Challenge Amazon
April 09, 2024

Shopify is calling in reinforcements as eCommerce solution providers aim to equip brands and retailers to hold their own against Amazon. Cognizant, which provides digital solutions, technology consulting and IT services to various industries, is partnering with Shopify and Google to help brands and retailers upgrade their online shops, according to...

Retail
Luxury Firms Compete for Buildings on Fifth Avenue
April 08, 2024

Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the location on the luxury shopping corridor, Bloomberg reported Monday (April 8). Global luxury retailers have been competing to buy buildings on Fifth...

Security & Fraud
FBI: More Than $12 Billion Lost to Online Fraud in 2023
April 08, 2024

American consumers and business owners lost a record $12.5 billion last year to online scammers, marking a 22% spike in cybercrime over 2022, according to the FBI.    Despite these losses, the FBI’s newly released annual internet crime report indicates Americans are growing more vigilant. The agency...

B2B Payments
Standardization Key to Scaling Paperless Invoices Across Fragmented B2B Marketplace  
April 08, 2024

No two businesses are exactly the same. In that sense, they join the rarified air of fingerprints and snowflakes.  But nearly all businesses do share one thing in common: the ways in which they pay, and are paid, is fundamental — and in many ways,...