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Western Union Discovers New Ways for an Old Business

Bank Innovation

Aside from the theoretical mention of blockchain technology, there haven’t been many major changes in cross-border money movement technology. based fintech […].

Denver 150
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Ibotta Rewards Startup Gets Funding Infusion For Hiring, Expansion

PYMNTS

Rewards company Ibotta announced it has closed a series D funding round led by Koch Industries subsidiary Koch Disruptive Technologies, bringing Ibotta to a $1 billion valuation. Launched earlier this year, the solution allows shoppers to pay for their purchase at leading retailers through the Ibotta app and earn cash back instantly.

Denver 115
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Sweetgreen Closes $150M Funding Deal On A $1.6B Valuation

PYMNTS

Restaurant disruptor sweetgreen raised $150 million in a new funding round co-led by Lone Pine Capital and D1 Capital Partners, sweetgreen said in a press release on Monday (Sept. The new funding will enable sweetgreen to advance technology and supply chain while also addressing its social impact.

Denver 116
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NCR Expands Hospitality POS With BEC Buy

PYMNTS

NCR announced late last week the acquisition of BEC , a provider of hospitality point-of-sale (POS) technology based in Denver. In October it bought JetPay , the payment processing and human capital management company, for $184 million. NCR noted BEC was an NCR POS reseller for the last twenty-three years.

Denver 117
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

In this roundup, Global Payments is providing Bluetooth technology and mobile payment capabilities to Mary Kay Sales consultants; iZettle, the U.K. Global Payments will also embed the retailer’s inventory catalog and digital receipts within the app, while consultants’ business activities can be recorded and reports pulled from a portal.

Mobile 100
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Rowland; and EVP and chief technology officer Mike Beattie. Self Financial handles the technology, including access to online accounts and an app, as well as marketing aspects of the program, and Lead Bank provides the compliance and access to the banking system. First Capital Bank. TriState Capital Bank. Charleston.