Token has raised $30 million in new financing to boost its wearable authentication offering. The funding, announced Monday (April 24), comes in the form of a $20 million secured note, and a $10 million convertible note from Grand Oaks Capital. According to a news release,...
Banks may feel pressure to match Apple’s offering of higher savings rates with a Goldman Sachs savings account than most institutions as the tech giant makes inroads into banking. Americans have been hesitant to break up with traditional financial institutions (FIs) for years. Reasons have ranged from...
As restaurants balance loyalty and profit concerns, some offer paid subscriptions and others free rewards. Fast-casual brand Sweetgreen, for its part, is looking to have its salad and eat it too, as it were, with its Sweetpass relaunch, announced Monday (April 24). The program, whose...
Payments technology firm Priority Technology is set to debut a new point-of-sale (POS) system. The company announced in a news release Monday (April 24) that it will unveil its MX POS at this year’s Transact conference, taking place April 24-26 in Atlanta. “Business owners today...
The United Kingdom’s financial watchdog wants to stop money laundering through the Post Office, a retail company that provides products and services, including postage stamps and banking. The Financial Conduct Authority (FCA) is working with other organizations to improve controls to make sure customers can...
The pivot toward electronic invoicing — and away from paper — will get a significant tailwind this year in the United States. The Federal Reserve and the Business Payments Coalition (BPC) have been moving through a pilot exchange framework, first announced in 2021, that will connect businesses...
Shopify has added Melio’s B2B embedded finance offering to its commerce platform. This collaboration has created an integrated accounts payable (AP) solution called Shopify Bill Pay that enables merchants to pay and manage bills from vendors and contractors through the same Shopify admin they use...
Super.com has raised $85 million in a Series C round to grow its savings super app. The firm will use the new funding to continue to scale its product and engineering resources, add new features to the super app and expand the ways in which...
Artificial intelligence (AI) company Sensory has brought ChatGPT-like technology to devices without screens or keyboards. The Santa Clara, California-based firm announced Monday (April 24) in a press release emailed to PYMNTS a new integration that lets ChatGPT and other large language models drive conversational voice...
