The Business & Technology Network
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The B2B landscape is built atop a foundation of innovation designed to meet business needs. And with the news that U.S. corporate bankruptcies have reached their highest level since April 2023, there are a lot of business needs out there in the marketplace to inspire innovation. Particularly as commercial customer expectations evolve in the digital age, B2B firms must stay attuned to shifting...
Threads is testing “pinned columns” on its web application. Mark Zuckerberg, founder, chairman and CEO of Meta, which owns the text-based social media app, announced the test in a Thursday (May 16) post on Threads. This feature is currently available only to members of a test group, Bloomberg reported Thursday. It allows users to pin as many as 100 feeds to their home page so that they can easily...
Online notarization firm Proof has launched a partnership with digital identity verification provider Socure. The collaboration, announced Thursday (May 16), is aimed at preventing fraud in consumer agreements and forms, which the companies call a $200 trillion market opportunity. “Industries are fighting an ever-increasing risk of fraud across their entire customer lifecycle,” the companies said...
Digital payments company Aeropay has raised $20 million in new financing. The company, which specializes in pay-by-bank, announced the Series B funding in a Thursday (May 16) press release, saying it would use the financing to develop new products, enhance strategic partnerships and “explore greenfield opportunities.” Aeropay, which got its start in the cannabis and gaming industries, connects...
Pay later plans break up the cost of purchases into smaller scheduled payments over time. These plans have gained popularity with consumers. However, PYMNTS Intelligence data reveals that some confusion on the part of merchants lingers as to which plans best meet the needs of their customers. According to “Unpacking Merchant Strategies and Consumer Demand for Flexible Payment Plans,” a report in...
The number of initial claims for unemployment insurance dropped by 10,000 during the week ended Saturday (May 11), reversing about half of the increase that was seen a week earlier. The total of 222,000 initial claims filed during the week was down from the previous week’s revised figure of 232,000, the Department of Labor (DOL) said in a Thursday (May 16) press release. The previous week’s...
Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of history. All the way back to England, Parliament and the Crown. All the way back to the inner workings of the U.S. colonies, the First Congress and the Dodd-Frank Act of the last...
Tassat Group and Glasstower Digital have partnered to facilitate cross-border digital B2B payments. This collaboration aims to provide multinational corporate institutions with secure, immediate, and cost-effective solutions for cross-border payments, the companies said in a Thursday (May 16) press release. By leveraging blockchain technology and money market funds, these companies aim to provide...
Digital commerce firm NCR Voyix has launched a partnership with restaurant-focused software provider GRUBBRR. The collaboration, announced Thursday (May 16), has resulted in the Aloha Kiosk, designed to help restaurants cope with challenges such as increased wages and food costs. “Digital technologies like the interactive Aloha Kiosk by NCR Voyix provide a better experience for the customer and...
The modern credit card’s history stretches back to just after World War II, when the Charg-It card came out of Brooklyn, tied to a single bank. Account holders could use the cards at a few local merchants, and the bank paid the merchants and billed the cardholders. Then came the rise of bank-issued cards through the 1950s and 1960s. Debit cards sprang up in the 1960s. But in 2024, closed-loop...