Expensify will add travel booking and management capabilities to its financial management platform for expenses and corporate cards. The new Expensify Travel will begin rolling out next week in the Expensify web and mobile apps and will later be integrated into the new chat-based super...
With the first quarter recently in the books and Q2 well underway, most companies have their collective eye on an uncertain economy and an inconsistent consumer. But for some companies, it’s beginning to look a lot like the holidays. Count Balsam Brands among them. The...
U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion, company officials told CNBC Wednesday (May 8). The total funding marks the single-largest round for a European FinTech in the...
There’s no place like home, particularly when it comes to preferred payment mechanisms. That’s why businesses looking to expand internationally need to ensure that their strategic approach includes diversification of payment methods and the integration of local payment solutions. “You need to embrace local payment methods and prioritize them...
As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns —...
With high-income shoppers disproportionately growing their adoption of secondhand retail channels, The RealReal is seeing its consignment business grow. The luxury resale online marketplace shared in its first-quarter earnings results, reported Tuesday (May 7), that consignment revenue rose 13% year over year. “We believe our continued focus on the core...
Cleveland-based financial institution KeyBank has launched a virtual account management solution for treasury management clients. The new Key Virtual Account Management (KeyVAM) solution is designed for clients who have complex demand deposit account (DDA) structures and provides them with instant access to KeyBank commercial cash...
BigCommerce has debuted an open-source version of its business-to-business (B2B) Buyer Portal platform. The new offering gives “enterprise manufacturers, distributors, wholesalers, developers and agency partners creative control to build and customize the optimal B2B buyer experience with speed, at scale and at a lower total cost,” the software-as-a-service (SaaS) company...
At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share in global money movement — a market worth hundreds of billions of dollars. CEO Stephanie Ferris said during her initial remarks that the company’s business model is “underpinned by highly recurring revenue, allowing...
