Новости за 24.09.2021

Today in restaurant and grocery tech news, Midwestern supermarket chain Hy-Vee announced that it is testing shelf-scanning inventory management robots in its stores, while ShopRite is piloting robotic delivery in partnership with Tortoise. Plus, New York City continues to regulate food delivery services, this time with a host of labor protections, including a provision that […]

M&A activity is heating up substantially after a pandemic pause, with the latest deal involving Valley National Bancorp’s acquisition of Bank Leumi announced Thursday (Sept. 23). In a statement, Valley said, “With approximately 20% of revenue coming from non-interest sources, the combination with Bank Leumi will increase Valley’s revenue diversity. Bank Leumi’s fee income is […]

Acquiring eCommerce customers is hard for any emerging retailer, requiring significant marketing investments to generate awareness and build up a following. The job becomes even harder for newcomers in budding categories, recovering an extra push not just to create brand affinity, but also to educate consumers nearly from scratch. This is the situation that New […]

The new direction for the Federal Trade Commission (FTC) was outlined with five principles in a recent staff memo from Chair Lina Khan that emphasized the oversight of Big Tech mergers and their “structural dominance.” Recently made public, the memo from Khan outlined a strategy that includes a better assessment of the damage caused by digital platforms. She […]

Mexican insurance technology startup Super is expanding into hurricane insurance after already offering earthquake coverage, CEO and Founder Sebastian Villarreal said in a Bloomberg report on Friday (Sept. 24), noting that the company could also pursue another fundraising round in 2022. Super uses technology to initiate claims, then makes direct payments to clients within several […]

The U.S. Securities and Exchange Commission (SEC) was the only government agency that declined to meet with Coinbase, CEO Brian Armstrong said on a business show on Friday (Sept. 24). Armstrong told Anthony Pompliano’s Best Business Show that while he was in Washington, D.C. following Coinbase’s April stock market debut, the SEC was the “only […]

The central bank of China is planning to “deepen” its mobile payments-focused antitrust probes, even though it has seen “interim progress” in the last year, its deputy governor said on Friday (Sept. 24), according to a South China Morning Post report. The move is part of the country’s continued effort to tamp down the power […]

By 2025, 100 million connected vehicles will be transmitting 10 billion gigabytes of data per month. A new report by the Automotive Edge Computing Consortium offers insight into a cross-industry solution to meeting this demand. As the number of connected vehicles in operation rises, the networks that deliver and process data will have to deal […]

Digital-first jewelry startup Brilliant Earth debuted on Nasdaq at $12 per share under the ticker BRLT following a downsized initial public offering (IPO), according to media reports. On its first day of trading on Thursday (Sept. 23), the share price for the mission-driven jewelry brand went up 40%, peaking at $18 and closed at a […]

The food and beverage stand operator Delaware North is working with Mastercard to bring its Shop Anywhere platform to a checkout-free convenience store at the NFL’s Jacksonville Jaguars’ TIAA Bank Field. Located near the stadium’s Section 2, the store is stocked with a variety of prepackaged, grab-and-go food and drink items. The companies announced the […]

Rite Aid on Friday (Sept. 24) broadened its partnership with Uber Technologies, Inc., and is now offering delivery of healthcare items, groceries and Rite Aid products through the Uber Eats platform from 2,185 Rite Aid locations across the U.S. in 17 states.  Users can access a full catalog of healthcare and grocery products from their […]

Starting next month, customers of three Lloyds Banking Group institutions will be able to set their own contactless spending limits. According to reports, the change will coincide with the U.K.’s increase of the national transaction limit to £100 (US$137), which is scheduled to go into effect on Oct. 15. The banks in question are the […]

In this week’s news, we saw healthcare patients push for more clarity on payment options. And Paypal announced its super-app. The Weekender is here to catch you up. News PayPal’s New Super-App Positioned to Deliver Next-Level Connected Experience PayPal announced Tuesday (Sept. 21) it’s launching its much-anticipated new super-app, which market watchers see as a […]

Traditional listings – initial public offerings (IPOs), that is – have dominated the markets in recent days. And the PYMNTS IPO/SPAC Tracker shows that work-related firms and platform announcements stood at 39 so far this year, surpassed only by banks, which are at 52 over the same timeframe. Among the companies making public debuts this […]

Today in B2B payments, Carahsoft and Coupa team up on public sector spend management, and EngageSmart jumps 40% in trading debut. Plus, Ramp and Rippling partner on employees spending and corporate card use and distribution, and B2B automation is at the top of CFOs’ priority lists.  Finance Automation Platform Ramp, Employee Manager Rippling Team on […]

It’s been a decidedly connected week in payments, with PayPal debuting its hotly anticipated super app, Alexa taking to the open road via the OnStar Guardian skill starting with General Motors (GM) vehicles, and buy now, pay later (BNPL) brand Affirm launching its Adaptive Checkout technology for greater alt-credit flexibility, among other newsworthy moments. Joining […]

The payments aggregator Oy! Indonesia has concluded a $30 million Series A funding round led by Japan’s SoftBank. As the website Fintech Futures reported on Friday (Sept. 24), the round will allow Oy! Indonesia to expand its business in Indonesia while also launching a new stage of growth. Founded in 2018, the company says it […]

Wakefern’s ShopRite supermarkets are piloting fast delivery of grocery items with Tortoise robotic carts, according to reports on Friday (Sept. 24). The remote-controlled, battery-operated carts will roll out in Pennsylvania at ShopRite of Yardley first, followed by ShopRite of Bethlehem next month. They will be the first supermarkets in the Northeast to employ this technology. […]

Shoppers at Hy-Vee will have to get used to sharing the aisle with robots. The Iowa-based supermarket chain, which operates over 240 stores throughout the Midwest, announced Thursday (Sept. 23) that it is deploying Simbe Robotics’ Tally inventory management robots at locations in Iowa, Nebraska and Missouri. Tally uses computer vision and radio-frequency identification (RFID) […]

The events of the past 18 months have pushed consumers to quickly incorporate new payment technologies into their daily lives. Pandemic-related health concerns and public safety initiatives have led to a greater demand for touchless payment options and services, with one study showing that 35% of consumers are more likely to use contactless payments for […]

For EngageSmart CEO Bob Bennett, it’s all about “getting to nirvana,” which in his universe represents when a company has 100% automated billing as well as 100% auto-payment of bills. While that lofty target may be more aspirational than attainable in real life, Bennett said the actual tallies of his company’s more than 70,000 customers […]

When Harit Talwar joined Goldman Sachs in 2015, consumer banking was just an idea for the legacy financial institution. Now, after building Marcus into a profitable FinTech and handing the reigns to a new leader, Talwar is exiting the bank next month to retire. “Six years ago, I left a big job at a great […]

Looking across the eCommerce landscape, it’s easy to see how Amazon has influenced merchants — first by teaching them the benefits of being in a marketplace, and then by giving them the tools to promote themselves and compete for business. That crash course in commerce appears to have worked, as an estimated 56% of sales […]

Apple Pay’s seven-year anniversary happens Oct. 20, but there is little to celebrate. In some ways, the mobile wallet has come a long way. Apple Pay accounts for nearly half of all mobile wallet transactions in the United States, signaling a strong command over the U.S. mobile wallet market. The trouble is that the market […]

Merchant payments are racing toward a digital paradise. It’ll be a world in which most financial transactions are not only cashless, but also increasingly cardless as payment innovations that accelerated during the pandemic continue to pick up steam as we enter the post-pandemic era. That’s the view of ACI Worldwide Executive Vice President of Merchant […]