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Citi Loses Suit To Recoup $500 Million In Mistakenly Transferred Funds
Citi Loses Suit To Recoup $500 Million In Mistakenly Transferred Funds
February 16, 2021  |  Legal

Citigroup’s erroneous sending of a half-billion dollars to Revlon lenders can’t be recouped, U.S. District Judge Jesse Furman in New York ruled on Tuesday (Feb....

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Corcentric Buys B2B Payments Network Vendorin For $100 Million
Corcentric Buys B2B Payments Network Vendorin For $100 Million
February 16, 2021  |  B2B Payments

Corporate expense and revenue management company Corcentric has acquired Vendorin from Juvo Technologies for a $100 million purchase price. The purchase was financed with funds...

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Individual Lawsuits Mount Against Big Tech Over Monopoly Concerns
Individual Lawsuits Mount Against Big Tech Over Monopoly Concerns
February 16, 2021  |  Legal

Amid the current torrent of legal issues facing Google over antitrust concerns is that of “Mr. Sweepy,” who alleges the tech giant’s practices bled his...

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LATAM’s Valoreo Raises $50 Million To Acquire And Scale eCommerce Firms
LATAM’s Valoreo Raises $50 Million To Acquire And Scale eCommerce Firms
February 16, 2021  |  Investments

Latin American eCommerce acquirer Valoreo has raised $50 million in a seed funding round to expand its operations in the region. The funding was one of...

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GoTab’s Menu Redesign Brings Personalization To Contactless Ordering
GoTab’s Menu Redesign Brings Personalization To Contactless Ordering
February 16, 2021  |  Restaurant innovation

Restaurants’ adoption of contactless technology has dramatically accelerated in the past year, as businesses and consumers alike sought out COVID-safe alternatives to pre-pandemic practices. In...

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Today In Payments: Mastercard, Razorpay Team On SMB Digital Payments; Amex Responding To DOJ Review of SMB Card Sales
Today In Payments: Mastercard, Razorpay Team On SMB Digital Payments; Amex Responding To DOJ Review...
February 16, 2021  |  News

In today’s top news, Mastercard and India’s Razorpay have teamed up for SMB digital payments, and American Express says it is cooperating with DOJ’s investigation...

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Amazon Goes Down Under To Acquire Shopify Rival Selz
Amazon Goes Down Under To Acquire Shopify Rival Selz
February 16, 2021  |  Partnerships / Acquisitions

Amazon has closed a deal to acquire 7-year-old Australian startup Selz, a company that assists eCommerce firms in advancing digital sales. Get the Full Story...

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American Express Teams With Chris Hemsworth’s Centr Health And Fitness App
American Express Teams With Chris Hemsworth’s Centr Health And Fitness App
February 16, 2021  |  Mobile Applications

American Express has teamed up with Chris Hemsworth’s health and fitness app, Centr, to provide card members in Australia with a free one-year subscription to...

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France Wants To Level Up EU’s Tech Regulation
France Wants To Level Up EU’s Tech Regulation
February 16, 2021  |  Regulation

The European Union’s proposed mandates to regulate Big Tech has France weighing in to wield its own power to assess penalties, the Financial Times reported on...

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