June 13, 2023
Corcentric Raises $315 Million Credit Facility to Grow Procurement Solution
Procurement and billing solutions firm Corentric has raised $315 million in capital. The funds, announced Tuesday (June 13), are in the form of a $250 million senior secured asset-based loan...
June 12, 2023
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business...
In today’s fast-paced world, financial crimes are becoming increasingly common, and it’s crucial to safeguard consumers and businesses. Lawmakers are moving to reform the Financial Crimes Enforcement Network (FinCEN) and...
June 12, 2023
Merchants Using In-House Systems Miss 10% of Family Fraud Instances
Fraud is often hard to identify and resolve, and expensive, especially for large merchants using in-house solutions where fraudulent transaction dispute losses can total as high as 0.51% of revenue....
June 12, 2023
Google, Microsoft and OpenAI Limit AI Tools in Hong Kong
Big Tech in the United States is reportedly blocking Hong Kong residents from accessing artificial intelligence (AI) chatbots. Google, Microsoft and OpenAI have all placed limits on their AI tools...
June 12, 2023
Hong Kong Residents Locked Out Of US Big Tech AI:...
Big Tech in the United States is reportedly blocking Hong Kong residents from accessing artificial intelligence (AI) chatbots. Google, Microsoft and OpenAI have all placed limits on their AI tools in recent months, The Wall Street...
June 12, 2023
Nasdaq Pays $10.5 Billion for Risk Management Firm Adenza
Nasdaq is acquiring risk management and compliance software maker Adenza for $10.5 billion. The deal, announced Monday (June 12), is apparently Nasdaq’s largest ever, and will see the exchange operator...
June 12, 2023
Are the SEC’s Actions an End or an Exorcism for...
Crypto’s reputation as a lawless, “Wild West,” was touted by enthusiasts as a positive. Now, as the U.S. Securities and Exchange Commission (SEC) and its head Gary Gensler aim for...
June 12, 2023
‘Acquiring in a Box’ in Mexico Helps Merchants Dethrone ‘King...
In Latin America, cash remains king. That’s true for many markets in the region, and Mexico stands out as a prime example. Roughly 85% of transactions are done in cash,...
June 11, 2023
Ruling: FTX Can Redact Customer Names in Bankruptcy Case
FTX has won permission to redact customer names from filings in its bankruptcy case. The ruling, handed down Friday (June 9) in federal court, came after the bankrupt cryptocurrency exchange persuaded...
