Kohl’s is gearing up to sell Apple Watches at 400 of its 1,100 stores starting November 15. The department store hopes to lure more affluent shoppers and increase traffic. The news comes just a few weeks after Macy’s announced it would sell Apple Watches at...
Thousands of customer cards have been blocked after Tesco Bank’s fraud system detected suspicious activity, reported HuffPost Business. Concerned account holders took to social media to alert Tesco. Others reported losing funds and being on hold for hours. Tesco issued a statement on Sunday (Nov. 6)...
Russia is reportedly aiming to create a mutually compatible payments system with China in an effort to reduce the risk of more sanctions from the West, reported Reuters. The report, citing an interview with Prime Minister Dmitry Medvedev, reported Russia created a new national payment to...
Samsung announced Sunday (Nov. 6) that the new Samsung Galaxy S8 smartphone would launch with an artificial intelligence digital assistant, according to Reuters. Samsung recently acquired Viv Labs Inc., a tech firm run by a co-creator of Apple’s Siri. The AI platform, named Viv, will be...
Wish, the company behind the popular shopping app Wish, is raising around $500 million in a new round of funding. According to a report by Recode, which cited multiple sources familiar with the deal, Wish is now valued at higher than $3.5 billion but below $5...
Freshdesk, the provider of cloud-based customer engagement software, announced Friday (Nov. 4) a $55 million round of venture funding. In a press release, the company said the Series F round of funding was led by Sequoia Capital India, which is a new investor, and existing...
Arex, the invoice financing startup focused on the small and medium-sized business market, has raised €3 million in funding. According to a report by TechCrunch, the capital raise was led by Finland’s Lifeline Ventures. Also partaking in the round was London-based LocalGlobe and unnamed angel investors....
The U.S. Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they...
It’s one day to election day in the U.S., and as always, national economic issues are at the top of voters’ minds. The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. Small businesses...
