Feed Items
In the rush to expand internationally, merchants may be overlooking a simple but potent tool: the one-click checkout. While digital wallets and real-time payments grab headlines, the frictionless final step of the transaction may hold the greatest potential for conversion and a boost in revenues — especially in global eCommerce, where consumers drop off at the slightest inconvenience....
Private equity (PE) operations are reportedly struggling to raise funds despite offering investors unheard-of incentives.
Fundraising among PE firms came to just $592 billion in the 12 months to June, the lowest total in seven years, the Financial Times (FT) reported Sunday (Aug. 24), citing data from Preqin.
This downturn happened even with PE outfits offering discounts like...
Star Trek’s fictional Dr. “Bones” McCoy may have had a tricorder, but NASA astronauts could soon have something almost as futuristic and real: An artificial intelligence (AI)-powered medical assistant that can diagnose and help treat illnesses millions of miles from Earth.
Google and NASA are testing the “Crew Medical Officer Digital Assistant,” an AI-powered system to help astronauts...
Oway raised $4 million in a seed round to support its “rideshare freight platform” that provides an artificial intelligence (AI)-enabled marketplace designed to cut less-than-truckload (LTL) freight costs.
Founder and CEO Phillip Nadjafov shared the news of the seed round in a Friday (Aug. 22) post on LinkedIn.
Oway is designed to reduce LTL freight costs by taking advantage of the...
Visa shut its open banking business in the U.S., Bloomberg reported Friday (Aug. 22), citing unnamed sources.
The move was also reported Friday by Reuters.
In a statement provided to both media outlets, a Visa spokesperson said, per the reports: “We are focusing our open banking strategy in high-potential markets like Europe and Latin America.”
Both reports noted that the closure of...
Square has introduced a grant program designed to provide local businesses with financial support and mentorship.
The Cornerstone Grant Program will provide selected Square sellers with a $10,000 grant, support from a certified public accountant, financial therapy sessions with a board-certified therapist, business technical assistance from the Northwest Mountain Minority Supplier...
The Workday Wellness employee benefits platform will integrate the Chime Workplace suite of financial wellness solutions, enabling employers to offer additional benefits.
The integration is part of a new partnership between human resources (HR) and finance provider Workday and consumer FinTech company Chime, the firms said in a Friday (Aug. 22) press release.
Chime Workplace offers...
TikTok reportedly plans to lay off hundreds of staffers in its trust and safety department as it reorganizes its content moderation efforts and automates more of that work with artificial intelligence.
The social media platform is set to lay off content moderation and security staff in London, south Asia and southeast Asia, the Financial Times (FT) reported Friday (Aug. 22), citing an...
Vendor Pay Express, an affiliate of 1st Commercial Credit, has launched a digital platform for B2B transactions that provides faster payments to suppliers and interest-free credit lines to buyers.
With this new digital supplier payment platform, suppliers receive accelerated payments by accepting what the company describes as a small discount from the invoice amount, while buyers...
The Consumer Financial Protection Bureau’s Thursday (Aug. 21) lawsuit against Synapse Financial Technologies highlights the accurate tracking and reconciliation of consumer funds within the evolving FinTech landscape.
The complaint detailed how an alleged breakdown in Synapse’s record-keeping and fund management created financial instability and hardship for thousands of consumers.
The...