Today In Payments: Afterpay Readies Money App Roll Out; Riskified Files For IPO

In today’s top news, Afterpay is testing a money management app and Riskified eyes a $3 billion valuation in its initial public offering (IPO). Plus, Robinhood’s S-1 highlights new accounts and asset growth.

Afterpay Readies Money App Roll Out

Afterpay is piloting a new money management app that will offer users a savings account and debit card and encourage responsible spending. The FinTech is testing the app within the firm’s Australia staff and plans to bring it live to the public in October.

Riskified Files For Public Offering Targeting $3B Value

The eCommerce risk management platform Riskified has filed for an IPO on the New York Stock Exchange with the Securities and Exchange Commission (SEC). The platform eyes a valuation in excess of $3 billion from the IPO.

Robinhood’s S-1 Shows Retail Accounts Grew By 151 Pct

Robinhood’s S-1 details strong growth in retail stock, options and crypto trading and people are putting more money to work across the platform than ever before. But several risk factors loom — regulatory oversight chief among them — per a deep dive of the company’s filing.

Rent The Runway Files To Go Public

Rental fashion platform Rent the Runway has confidentially filed with the SEC to go public through an IPO. The amount they aim to raise has not been determined yet.

Report: 100 Healthcare Execs Speak Out On Using AI To Curb Fraud, Waste And Abuse

Healthcare firms are losing 12 percent of their annual revenues to fraud, waste and abuse (FWA), yet few utilize artificial intelligence (AI) to address these issues due to cost concerns. In AI In Focus: Targeting Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to learn how AI could actually help firms unlock savings by curbing costly false claims and false positives.

David’s Bridal Marries Security And Omnichannel Payments To Build Consumer Trust

Brides want to say yes to the dress, but only if they can securely shop and pay how and where they want. In the Anatomy Of A Consumer Payment Playbook, Danny Luczak, chief technology officer of David’s Bridal, explains how wedding retailers use tokenization to keep those omnichannel shopping experiences secure and seamless.

Uber Eats Devours Ride-Share Business As Company Doubles Up On Groceries

The transformation of the world’s largest ride-share company into a transportation and logistics play continued Monday as Uber outlined plans to double-up its grocery delivery business and move its core passenger service to the back seat.