News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Initialized Capital Management’s Fifth Fund Notches $230M For Startup VC

Initialized Capital Management’s Fifth Fund Notches $230M For Startup VC
Initialized Capital Management’s Fifth Fund Notches $230M For Startup VC
August 14, 2020  |  Investments

Initialized Capital Management has raised $230 million for Initialized V, the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported....

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Fed Exploring ‘Hypothetical’ Digital Currency With MIT
Fed Exploring ‘Hypothetical’ Digital Currency With MIT
August 14, 2020  |  Cryptocurrency

Digital dollars on the horizon? Maybe – but first comes a focus on policy. Get the Full Story Complete the form to unlock this article...

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Alibaba’s Ant Group Files Preliminary IPO Docs
Alibaba’s Ant Group Files Preliminary IPO Docs
August 14, 2020  |  Cross-border Payments

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported....

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Address Verification, D2C Shopping, Google’s Transition To SAP Ariba Top This Week’s News
Address Verification, D2C Shopping, Google’s Transition To SAP Ariba Top This Week’s News
August 14, 2020  |  The Weekender

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Trump Administration Calls For 30 Pct. Boost In AI, Quantum Spending
Trump Administration Calls For 30 Pct. Boost In AI, Quantum Spending
August 14, 2020  |  Artificial Intelligence

Artificial intelligence (AI) and quantum information science will get a boost if Congress approves the Trump administration’s nearly one-third spending increase in next year’s budget....

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Citi Wants Revlon Lenders To Return $900M Paid In Error
Citi Wants Revlon Lenders To Return $900M Paid In Error
August 14, 2020  |  Loans

Citigroup Inc. paid nearly $900 million by mistake to Revlon Inc. lenders due to a clerical error and wants its money back, Bloomberg News reported....

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Movie Theaters Go Big To Bring Customers Back
Movie Theaters Go Big To Bring Customers Back
August 14, 2020  |  Retail

In case you missed it, PYMNTS reported that in the week of April 20, weekend movie box-office grosses came in at just under $34,000 total....

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Jumia Encounters New eCommerce Rivals In Africa Amid Pandemic
Jumia Encounters New eCommerce Rivals In Africa Amid Pandemic
August 14, 2020  |  eCommerce

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and...

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