Новости за 27.10.2021

The National Retail Federation on Wednesday (Oct. 27) predicted 8.5% to 10.5% growth in retail sales in November and December 2021 compared to the same time a year ago, with projections ranging from $843.4 billion to $859 billion across the U.S. during the holiday shopping season. Consumers set the previous record for holiday shopping last […]

Rohit Chopra, having recently been confirmed and taken the reigns as director of the Consumer Financial Protection Bureau (CFPB), told a Capitol Hill hearing Wednesday (Oct. 27) that Big Tech firms need greater scrutiny as they have a growing presence within financial services. Read more: Senate Narrowly Confirms Rohit Chopra as Consumer Watchdog Boss At […]

Online software-as-a-service (SaaS) commerce platform VTEX has joined forces with online payments infrastructure company Stripe to offer online payment processing capabilities through Stripe, according to a Wednesday (Oct. 27) press release. As part of the collaborative effort, VTEX global customers can process online payments with Stripe directly through a VTEX Commerce Platform plug-in. The integration […]

The cross-border settlement FinTech Velo Labs has launched a partnership with Inception, a Thai firm specializing in cross-border remittances in Southeast Asia.  The two companies announced the partnership Wednesday (Oct. 27), saying it will use Velo’s technology to shift Inception’s business in Indonesia, Malaysia, Philippines and Singapore from “traditional, legacy settlement systems to the more […]

Throughout the pandemic, Coca-Cola has been more cautious than most businesses in its outlook on the future, despite its strong performance in recent quarters. In fact, perhaps its success can be attributed to this very vigilance. On a call with analysts Wednesday (Oct. 27) discussing the company’s strong third-quarter results, Chairman and CEO James Quincey […]

Digital financial services firm Paytm is boosting its initial public offering (IPO) to Rs 18,300 (more than $2.4 billion) after Ant Financial, SoftBank and other existing investors said they would dilute more of their shares, according to a report on Wednesday (Oct. 27) in The Tribune. The company was trying to raise Rs 16,600 crore […]

Debate around whether cryptocurrencies are an investment or spendable digital money is beginning to narrow as payments use cases gain steam, especially in cross-border B2B. The Cryptocurrency Payments Opportunity: Driving Crypto Adoption And Use Around The Globe, a PYMNTS and i2c collaboration, gets into the finer points around the issue. Efforts to overcome crypto frictions […]

FinTech startup Extend has raised $40 million in a Series B round, the company announced Wednesday (Oct. 27). March Capital led the latest fundraising round for New York-based Extend, which was also backed by B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo and Pacific Western Bank. Extend plans to use the fresh round […]

Finnish eInvoicing provider Basware says it has created a “recipe” that lets users of the Oracle Fusion Cloud ERP connect easily to the Basware platform.  The company announced the product Wednesday (Oct. 27), saying its eInvoice Recipe offers a standard out-of-the-box interface that lets Oracle Enterprise Resource Planning users receive all of their invoices entirely […]

One of the great stresses of taking an electric vehicle on a road trip is figuring out where and when to charge your car.  It’s a problem and a concern that Volkswagen drivers can now scratch off their list, thanks to the German auto giant’s new app that helps monitor the vehicle’s current charge level, […]

The British digital bank Monzo has begun talks in hopes of raising at least $411 million (£300m) with eyes on a possible valuation of $4.1 billion. As Sky News reported on Wednesday (Oct. 27), the company is in discussion with a number of investors, who would contribute about 75% of the funding, with the rest […]

Credit-card-as-a-service company Deserve got a fresh infusion of capital from strategic investor Visa, joining other brand name backers like Mission Holdings, Mastercard, Ally Ventures, Goldman Sachs Asset Management and Sallie Mae. Visa made the investment to help advance Deserve’s expansion of its services to more banks, FinTechs, and providers of financial services, according to a […]

U.K. trade collaboration platform Nook has raised $1.1 million (950,000 euros) to broaden its product and engineering team, expand its offerings, and develop sales and marketing activity with small and medium-sized businesses (SMBs), according to a Wednesday (Oct. 27) report from EU-Startups. Speedinvest and TriplePoint led Nook’s pre-seed funding round, which also had investments from […]

Card issuing platform Marqeta is teaming with cloud-based software provider Bill.com to create new virtual commercial card products for Bill.com’s financial institution (FI) customers, according to a Wednesday (Oct. 27) press release.    Marqeta provides advanced framework and tools for creating configurable payment solutions. By joining forces with Marqeta, Bill.com will expand its card payment capabilities […]

About four months after the nationwide rollout of MyMcDonald’s Rewards, the quick-service restaurant (QSR) giant is seeing a bump in customer frequency where the program is available. Still, as the company’s President and CEO Chris Kempczinski told analysts on a Wednesday (Oct. 27) call discussing the chain’s third-quarter earnings, the program has a long way […]

Partior, the blockchain-based clearing/settlement platform backed by JPMorgan and the government of Singapore, has begun supporting cross-border payments.  According to Forkast, Partior carried out end-to-end settlements with participating banks recently involving both U.S. and Singapore dollars in under two minutes, a drastic reduction from the often days-long transactions of the past.   With global cross-border transactions […]

PYMNTS announced today that it has acquired Competition Policy International (CPI), a market-leading media company for antitrust. The acquisition adds the most complete news and analysis of antitrust law and competition policy worldwide to PYMNTS’ current robust content offerings related to innovation in payments and commerce, including cutting-edge ConnectedEconomyTM issues. Over the last 16 years, […]

Re-imaging business payments will take input from stakeholders across the ecosystem — banks, payments networks, enterprises and FinTechs among them — to benefit buyers and suppliers.   In a panel moderated by Flint Lane, founder and CEO at Billtrust, a trio of payments professionals said that bringing commercial payments fully into the digital age will be […]

As business models reformulate in double-quick time, eCommerce is having evolutionary effects on the creation and discoverability of consumer goods, from the “push” mentality and limited SKUs of the not-too-distant past to the unlimited assortments found on eCommerce sites. Despite its omnipresence, some think direct-to-consumer (D2C) brands have potential beyond major eCommerce sites they started […]

What will it be tonight — pizza, burgers or Thai? Nothing beats having dinner delivered straight to your door after a long day, and food delivery aggregators such as DoorDash and Uber Eats offer a convenient way to order-in that has many restaurant customers reaching for their smartphones. Most United States consumers who regularly purchase […]

Millions of people with poor credit or no credit can be thought of as the “invisibles” of retail commerce, whose options for buying many items were extremely limited, until recently. The rise of buy now, pay later (BNPL) installment payments is bringing millions into the credit world — but not everyone qualifies. That’s where lease-to-own […]

In the grand scheme of things, when running a business, the prospect of “almost cash” is reminiscent of “near beer.” It’s something — but not quite the real thing. Managing credit and collections — and the accounts receivable (AR) process at large — is an integral part of operations. Finance teams must grapple with invoices […]

Manual B2B payment processes were already lengthy, costly endeavors before the global health crisis, but the frictions associated with them only deepened in its aftermath. Companies that were previously reluctant to upgrade decades-old processes raced to upgrade them to digital channels in increasingly higher figures, with one study finding the pandemic accelerated businesses’ digital adoption […]

PB Fintech, which owns online platforms Policybazaar and Paisabazaar, has set a price of ₹940-980 ($12.55-13.09) a share for its coming initial public offering (IPO). A report from regional media outlet Mint says the firm has announced its IPO will open on Nov. 1 and close two days later on Nov. 3, and PB Fintech […]

Hotel payment software startup Selfbook announced on Tuesday (Oct. 26) that it raised $25 million in a Series A fundraising round led by Tiger Global Management, putting its valuation at $125 million. Valia Ventures, Fin Venture Capital, investor Lachy Groom and angel investors also contributed to the effort, per the press release. The funding round […]