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Chef’d Halts Operations After Burning Through Cash

PYMNTS

Chef’d , a the meal-kit operator, has halted its business operations after using up all its cash and failing to line up more of it. Executives tried to secure new funding from private investors and banks, but nothing came of the negotiations. Peter Testa, president of the Chicago-based Testa Produce Inc.,

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Signature Bank Taps Tech For Simplified AP

PYMNTS

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Illinois 167
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How QSRs Are Handling Social Distancing, Fraud Uptick

PYMNTS

Not only do industry giants have innate name recognition, but they also have colossal advertising budgets and access to cutting-edge mobile ordering technology and features that small operations cannot match. It doesn’t land on the credit card companies — it lands on the small businesses.”.

Fraud 130
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Unattended Retail, Mobile Kiosk-Style

PYMNTS

Since then, the eCommerce retailer has brought the store to other locations in the city and Chicago as well as one location on the way in Lower Manhattan. The larger aim, he said, is to be a piece of the infrastructure that merchants can operate in those environments. He also said the technology could be deployed in office spaces.

Retail 116
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Capgemini, the 40-40 Rule, and the rise of the robots

Celent Banking

Capgemini recently hosted a few dozen consultants and industry analysts to Chicago for their two-day Analyst and Advisor Day event. Unfortunately, it was typical Chicago winter weather with sub-zero windchills and snow flurries, but for those who braved the conditions it was a very interesting and informative event.

Chicago 100
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Farmer’s Fridge On The Importance Of Digital Upgrades

PYMNTS

Vending machines have come a long way from their origins as coin-operated appliances that dispense sodas or candy. Consumers can now purchase nearly anything from them — health and beauty products, electronics, clothing and even groceries — with their credit cards or mobile wallets.

Milwaukee 130
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Visa: New Cyber Threats Require New Fraud Tools

PYMNTS

The frequency of state-sponsored attacks has intensified in recent years — with a level of sophistication and technical and financial backing to their operations that has never before been seen. Cash-out scams, he noted, used to be about harvesting thousands and perhaps even hundreds of thousands of gift and prepaid cards in a heist.

Tools 207