Capital One Acquires Concierge Firm Velocity Black
Capital One Acquires Concierge Firm Velocity Black
June 01, 2023  |  Acquisitions

Capital One has acquired digital concierge company Velocity Black to supplement its offerings of customer experiences. Velocity Black’s platform uses both technology and human experts...

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New World of Global Trade Set to Affect Cross-Border Commerce
New World of Global Trade Set to Affect Cross-Border Commerce
June 01, 2023  |  Cross Border Commerce

Smaller merchants may need more help navigating the new rules than ever before. As reported by The Wall Street Journal in May, international trade deals...

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GetYourGuide Raises $194 Million for AI-Powered Travel
GetYourGuide Raises $194 Million for AI-Powered Travel
June 01, 2023  |  Travel Payments

German travel platform GetYourGuide has raised $194 million to expand into North America. The company announced the equity and credit financing Thursday (June 1), saying it would allow it...

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Report: Fizzling SPAC Wave Leads to Rash of Lawsuits
Report: Fizzling SPAC Wave Leads to Rash of Lawsuits
June 01, 2023  |  SPAC

First came the SPACs. Now come the legal actions. Special purpose acquisition companies (SPACs) were a super-popular method of going public in recent years. But...

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AvidXchange Adds Lien Waiver Management Feature for Construction Industry
AvidXchange Adds Lien Waiver Management Feature for Construction Industry
June 01, 2023  |  B2B Payments

AvidXchange has added a Lien Waiver Management feature for the construction industry. This new feature has been added to the company’s TimberScan purchase-to-pay platform and associates the release of funds...

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Macy’s and Dollar General Results Show Inflation’s Bite Is Far-Reaching
Macy’s and Dollar General Results Show Inflation’s Bite Is Far-Reaching
June 01, 2023  |  Economy

The markdown of retail stocks Thursday (June 1) signals that the summer of markdowns is here. Macy’s financial results and a host of announcements from other...

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Generative AI Is Evolving Embedded Finance by Accelerating Easy Wins
Generative AI Is Evolving Embedded Finance by Accelerating Easy Wins
June 01, 2023  |  Artificial Intelligence

The digitization of everyday life is transforming nearly every consumer touchpoint, particularly payments. As the world continues to hit new levels of daily digital engagement, generative...

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Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
June 01, 2023  |  Consumer Finance

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). With this on-demand PTO cash advance solution...

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Revolut’s Global Retail Customer Base Tops 30 Million
Revolut’s Global Retail Customer Base Tops 30 Million
June 01, 2023  |  Digital Banking

British financial platform Revolut says it now has more than 30 million retail customers. That’s according to an announcement from the company Thursday (June 1),...

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