News

Wearables
Oura Begins Offering Wellness-Oriented Wearable Technology at Best Buy
April 24, 2023

Oura’s wellness-oriented smart ring is becoming available at Best Buy. The Oura Ring — wearable technology that provides health data, insights and guidance — began its rollout to Best Buy brick-and-mortar stores Monday (April 24) and is also available on the retailer’s website, the companies...

Blockchain / Distributed Ledger
Tokenized Deposits Gain Currency Around the Globe
April 24, 2023

In the debate over stablecoins vs. cryptocurrencies, it may be tokenized deposits that wind up gaining ground. Tokenized deposits are tied to existing bank deposits; the digital representations of existing bank liabilities are held by licensed depository institutions and are recorded on distributed ledgers. But...

Security & Fraud
Frank Founder Charlie Javice’s Attorneys Say US Has Seized Her Assets
April 24, 2023

Frank founder Charlie Javice’s attorneys said she can’t hide assets because they’ve been seized. The attorneys said this in a Friday (April 21) court filing in response to JPMorgan Chase’s (JPMC’s) request that they be allowed to question Javice under oath about transfers of millions...

Payment Methods
Maast Introduces Embedded Finance Solutions for Software Providers and Vendors
April 24, 2023

Maast has introduced embedded finance solutions for software providers and independent software vendors (ISVs). The new solutions, which are slated for general availability this summer, will enable firms to incorporate payment acceptance, banking solutions and other features into their platform, under their brand, Maast said...

Delivery
Delivery Services Leverage Discounts and Subscriptions to Retain Price-Sensitive Customers
April 24, 2023

As aggregators look to maintain customer frequency amid inflation, affordability is key. In fact, many consumers are engaging with restaurant delivery services more specifically because these options have become more attainable within their budgets, according to research from PYMNTS’ new exclusive report “Connected Dining: Third-Party...

Investments
Token Raises $30 Million for Biometric Wearable
April 24, 2023

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,...

Banking
Apple’s Entrance Into Savings Accounts May Cost Neobanks and Traditional FIs 
April 24, 2023

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...

Loyalty & Rewards
Sweetgreen Relaunches Subscription as Restaurants Weigh Paid Versus Free Perks
April 24, 2023

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...

Point of Sale
Priority Technology Debuts MX Point of Sale System
April 24, 2023

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...