News

Retail
Walmart Launches Traveling Tour to Promote Fashion Products and Services
September 06, 2024

Walmart has launched a traveling tour that will promote the fashion products and services the retailer offers in stores and online. The Walmart Style Tour, which will be held at 40 events across the United States in September and October, offers styling tips, color analysis...

Retail
Amazon Counters Walmart’s Grocery Lead With Third-Party Delivery Play
September 06, 2024

As Amazon looks to shrink Walmart’s lead in food, the eCommerce giant is expanding its presence in third-party grocery delivery. Consumers in the Seattle area can now order same-day grocery delivery from local merchant Metropolitan Market on Amazon’s marketplace, Chain Store Age reported. Additionally, the...

IPO
Lending Platforms Results Mixed Ahead Of Rate Cuts; FinTech IPO Index Slips 3%
September 06, 2024

The just-completed shortened trading week heralds the beginning of Fall, and September’s here. September stands out as the month that will herald the first rate cut by the Federal Reserve after years of hiking interest rates.  At least, that’s what the conventional wisdom says. For...

Faster Payments
70% of US Consumers Feel Stressed About Personal Finances
September 06, 2024

In today’s competitive job market, traditional benefits like retirement plans and paid time off are falling short as workers demand immediate access to their earnings. Rising financial pressures and living costs are driving this shift, pushing employers to adapt or risk losing top talent. A...

Investments
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial institutions. The company will use the new funding to grow its AI lab in Tel Aviv and to expand its...

Investments
Drip Secures $113 Million to Grow Digital Trade Finance Platform
September 05, 2024

Drip Capital has secured $113 million in new funding to develop new products and to accelerate the growth of its digital platform for trade finance. The company has quadrupled its revenue and doubled its customer base over the past two years, despite rising interest rates...

Investments
Thoma Bravo Becomes Giant Tech Investor, Steers Clear of Blockchain
September 05, 2024

Thoma Bravo Founder and Managing Partner Orlando Bravo said Thursday (Sept. 5) that while blockchain technology has promise, he and his firm are steering clear of companies and products in that space. Bravo said this about three years after his private equity investment firm helped lead a...

Loyalty & Rewards
DOT Launches Inquiry Into Rewards Programs of 4 Airlines
September 05, 2024

The Department of Transportation (DOT) has launched an inquiry into the rewards programs of the four largest U.S. airlines, saying it aims to protect customers from practices that are potentially unfair, deceptive or anticompetitive. Transportation Secretary Pete Buttigieg sent letters to American Airlines, Delta Air Lines, Southwest Airlines and United Airlines ordering them...

B2B Payments
This Week in B2B: Partnerships, Payments and Process Improvements
September 05, 2024

The future of B2B payments lies in automation, not administration. Given the B2B sector’s legacy of complex workflows, intricate data requirements and entrenched manual processes, the opportunities for innovation are immense. While modernizing something as entrenched into business workflows as a decades-old accounts payable or...