Tal Yeshanov, head of risk and strategic financial operations at Plastiq, said the term “friendly fraud” is a pleasant way of masking over a growing problem that’s causing real pain for merchants, issuers and acquirers. “It’s a misnomer — there’s nothing friendly about friendly fraud...
Efforts to save money were prominent in the news this week, with reports that consumers are trading down from restaurants to groceries and news that Amazon has extended its Prime benefit to Amazon Fresh stores. Restaurants and other businesses can respond to these trends with...
In the world of open banking and open finance, core banking systems are no longer just a concern for the world’s biggest banks. On one hand, to build the kind of innovative financial products that FinTech startups are known for, they need to be able...
Stake, which provides cash back and banking services for renters, has completed a Series A funding round and come away with $12 million, according to a Thursday (June 30) press release. The company’s services allow renters to earn cash back when they do things like...
Short video app Triller has filed for an initial public offering (IPO), Reuters reported Thursday (June 30). Triller opted out of its $5 billion merger with SeaChange, a video advertising software provider, earlier this month. Instead, the company said it wanted to opt for an...
South African FinTech Sava has raised pre-seed funding worth $2 million, which will go towards the company’s business-to-business (B2B) spending and budgeting solution, a report from Techbuild.africa said Thursday (June 30). The company focuses on two specific business problems: Companies don’t have the tools to...
Top FedEx executives have laid out plans for helping the company recover over the next few years from the post-pandemic decline in online commerce, The Wall Street Journal (WSJ) reported Wednesday (June 28). “We have dealt with economic crises before,” CEO Raj Subramaniam said at...
As food-at-home prices skyrocket and retailers absorb some of these rising prices in an effort to avoid losing shopper loyalty, many are seeking other ways to boost their profit margins. Some, for instance, are expanding their marketing opportunities for brands, offering higher-value in-store and online...
With the economic climate turning chilly and tech stocks tumbling, venture capitalists have begun presenting starts with much tougher terms. That’s according to a Thursday (June 30) report by the Wall Street Journal, which spoke with a group of entrepreneurs at the recent Collision tech...
