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AvidXchange Adds Lien Waiver Management Feature for Construction Industry
AvidXchange Adds Lien Waiver Management Feature for Construction Industry
June 01, 2023  |  B2B Payments

AvidXchange has added a Lien Waiver Management feature for the construction industry. This new feature has been added to the company’s TimberScan purchase-to-pay platform and associates the release of funds...

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Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
June 01, 2023  |  Consumer Finance

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). With this on-demand PTO cash advance solution...

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Revolut’s Global Retail Customer Base Tops 30 Million
Revolut’s Global Retail Customer Base Tops 30 Million
June 01, 2023  |  Digital Banking

British financial platform Revolut says it now has more than 30 million retail customers. That’s according to an announcement from the company Thursday (June 1),...

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India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
June 01, 2023  |  Real-Time Payments

India’s monthly Unified Payments Interface (UPI) transaction count has topped 9 billion in a single month. The real-time payments system’s transaction count hit 9.41 billion in May,...

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Weavr and Visa Team on Embedded Finance for SaaS Firms
Weavr and Visa Team on Embedded Finance for SaaS Firms
June 01, 2023  |  B2B Payments

Embedded finance startup Weavr has teamed with Visa in the B2B Software-as-a-Service (SaaS) space. The partnership, announced Thursday (June 1), is aimed at speeding the...

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SVB Securities Sale Attracts Solitary Bidder
SVB Securities Sale Attracts Solitary Bidder
June 01, 2023  |  Acquisitions

Silicon Valley Bank’s former parent has reportedly drummed up little interest in its investment business. “At this time, there is one bid that is currently...

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Layoffs Rise 20% in May Led by Technology and Retail
Layoffs Rise 20% in May Led by Technology and Retail
June 01, 2023  |  Economy

There were 80,089 job cuts announced by United States-based employers in May, with the technology sector being hardest hit. The total number of job cuts announced in...

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Telos and GameStop Team to Bring Web3 Gaming Mainstream
Telos and GameStop Team to Bring Web3 Gaming Mainstream
June 01, 2023  |  Retail

The Telos Foundation has teamed with GameStop to help mainstream Web3-based gaming. The collaboration lets the Telos blockchain access game distribution through GameStop Playr, the...

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eBay Deepens Luxury Push With Streetwear Authentication
eBay Deepens Luxury Push With Streetwear Authentication
June 01, 2023  |  Retail

eBay has begun authenticating streetwear as part of its push into the luxury market. Beginning Thursday (June 1), the online marketplace will include streetwear along...

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