Omniful, an eCommerce/supply chain startup, has reportedly emerged from stealth with $5.85 million in funding. As TechCrunch reported Tuesday, the startup, based in Saudi Arabia and the United Arab Emirates, has created ordering, warehouse management and transportation management systems that let merchants tap into hyperlocal...
Intersections and inflection points are increasingly defining the industrial economy’s future. Whether they are generational changing of the guards, behavioral-technical cross-points or a combination of the two, sectors pivotal to the global economy, like the supply chain and logistics space, are undergoing a slow but...
Extend, a virtual card and spend management platform, has announced its integration with Concur Invoice, providing customers with a virtual-card-as-a-service solution. The partnership allows seamless vendor payment management within the Concur Invoice platform, with BMO being the first card issuer to enable virtual cards for vendor payments within...
Wells Fargo will reportedly incur greater-than-expected expenses from severances tied to recent job cuts. The price tag for those layoffs could come to between $750 million and just shy of $1 billion for the banking giant’s fourth quarter, CEO Charlie Scharf said Tuesday (Dec. 5) at the Goldman Sachs U.S....
As evolving regulations change the economics of third-party restaurant delivery, DoorDash is rolling back certain driver perks in New York City in response to the increased minimum wage for delivery workers. The United States’ leading aggregator announced Monday (Dec. 4) that it is making changes...
Amazon is going to adjust its fulfillment fee structure to provide more transparency to sellers by creating separate fees for specific capabilities. Beginning Jan. 15, 2024, the company will specify different fees for sending products into its fulfillment network and for shipping products out of...
Data privacy firm Mine has raised $30 million with the help of PayPal Ventures. The Series B funding round, co-led by Battery Ventures, will help the Israeli company scale MineOS, its B2B enterprise-grade product, Mine said in a news release provided to PYMNTS Tuesday (Dec. 5). According to the...
Mondu and Mangopay have partnered to support B2B marketplace businesses across Europe by offering them a modular payments infrastructure that can be tailored to meet their specific needs. This new collaboration brings together Mondu’s B2B payments solutions and Mangopay’s modular and flexible payment infrastructure for...
B2B payments and invoicing network TreviPay has introduced an all-in-one payments solution. The new offering, announced Tuesday (Dec. 5) is part of a series of new features designed to help merchants build loyalty with their buyers. “By providing payment choice, convenience and customization, merchants across different industries, including retail,...
