In his inimitable style, the billionaire CEO of the nation’s largest mall owner had a blunt message for investors Tuesday (Nov. 1) saying that Simon Property Group’s core business is strong and seeing no slowdown in demand for physical space. “Brick and mortar is where...
The vendor financing business just got a bit more competitive as eCommerce leader Amazon announced Tuesday (Nov. 1) that it is launching a new merchant cash advance option it says is simple and flexible with repayment options that are tailored to the ebb and flow...
TouchBistro is looking to expand after raising 150 million Canadian dollars (about $110 million) in growth financing, the restaurant management platform announced Tuesday (Nov. 1). The company will use the capital — from Francisco Partners — to expand its “product offerings, core services and strategic...
Insurance technology firm Cover Genius says it will expand its embedded insurance model following a $70 million Series D funding round. According to a Tuesday (Nov. 1) news release, the funding round — led by Dawn Capital — will help Cover Genius expand its insurance...
Victoria’s Secret has acquired digitally-native intimates brand Adore Me, a move designed to help the lingerie and beauty products retailer as it looks to expand its audience online and off. The purchase includes a $400 million upfront cash payment and further cash consideration based in...
Payments are both an integral and a problematic part of higher education. They are integral because of how costly college is. The average annual cost of tuition during the 2021-2022 school year at a public four-year university stood at $10,740 for in-state students and $27,650...
From back office automation to company transformation. Amit Agarwal and Debopama Sen, global co-heads of payments, Citi Treasury and Trade Solutions, told Karen Webster that the technological “COVID toolkit” crafted over the past few years helped firms navigate commerce’s shift to online channels. CFOs and...
The one-time password — OTP for short — was an ingenious cybersecurity stopgap that worked for a while. But fraud never sleeps, and they’ve cracked the OTP code. It’s taken on such an important role in identity verification that fraud fighters must now evolve again...
Corporate fraud and corruption have risen since 2020, as the digital transformation that accompanied the pandemic opened new opportunities. New channels for workflows have left companies playing catch-up with oversight and governance, and greater reliance on remote work presents added opportunities for digital infiltration. The...
