How Money Will Disappear

Daily Fintech

Big payment giants and listed companies are adopting it and not just in the US. billion worth of bitcoin, the Chinese tech company Meitu announced that it made its entry to crypto, […]. In recent months bitcoin has had a phenomenal rally and for good reason.

Noodles & Company CFO: Omnichannel Innovation Key To Restaurant Recovery

PYMNTS

Fast-casual chain Noodles & Company , for one, was quick to adapt , building out its mobile app, adding new drive-thru windows, and implementing curbside pickup while also implementing new in-restaurant technologies in its kitchens of the future.

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Will ‘Zombie Companies’ Eat The US Economy?

PYMNTS

Will so-called “zombie companies” soon do the same to parts of the U.S. Zombie companies are those that remain in business but are so deeply in debt that they’ll never catch up. But letting companies load up on debt to survive now might have ripple effects later.

Jessica Alba’s Honest Company Notches $412.8 Million IPO

PYMNTS

Honest Company, the consumer goods company launched by actress Jessica Alba, raised $412.8 The Los Angeles-based company plans to list its shares on Nasdaq under the ticker symbol HNST. Honest Company offered 6.5 The Honest Company reported a net loss in 2020 of $14.5

Intelligent Process Automation: Boosting Bots with AI and Machine Learning

Across all sectors, companies are learning that they can transform their businesses by embracing Intelligent Process Automation, or IPA. With the pairing of AI and RPA, IPA adds a new layer of intelligent decision-making processes to automated RPA tasks. By automating repetitive work, and adding the ability to automate intelligent decision making, intelligent automation frees up your most valuable resources – your employees – to spend more time on higher value and more strategic work. But in order to reap the rewards of Intelligent Process Automation, organizations must first educate themselves and prepare for the adoption of IPA. In our ebook, Intelligent Process Automation: Boosting Bots with AI and Machine Learning.

Will you avoid companies that put profit before people?

Chris Skinner

So, I was particularly struck by this quote from Satya Nadella, CEO of … The post Will you avoid companies that put profit before people?

Noodles & Company CEO: Digital Shift Will Gain Momentum As Restaurant Industry Recovers

PYMNTS

Quick-service restaurant (QSR) chain Noodles & Company , for one, has expanded the following for its off-premises-friendly offerings. Especially for a chain like Noodles & Company, which tends to attract a younger base, digital sales could well remain strong.

India's Urban Company Raises $255 Million, Values Home Service Marketplace At $2.1 Billion

PYMNTS

Technology-powered home services marketplace Urban Company has raised $255 million in a Series F funding round that values the company at $2.1 billion, according to a company press release.

Noodles & Company CEO On Restaurants’ Post-COVID Future

PYMNTS

Like so many verticals that have adapted to survive the COVID-19 era, the restaurant industry is seeing the acceleration of trends that were already in place, Dave Boennighausen , CEO of fast-casual chain Noodles & Company told Karen Webster in a recent conversation.

Are legacy companies holding back the future?

Chris Skinner

The reason the latter countries are leapfrogging Europe and America is that they didn’t have a large, ingrained existing infrastructure for payments and financial transactions in place until … The post Are legacy companies holding back the future? In my presentations I regularly talk about legacy Europe and America and leapfrog countries from China to India to Kenya to Colombia.

Why B2B Contact and Account Data Management Is Critical to Your ROI

64% of successful data-driven marketers say improving data quality is the most challenging obstacle to achieving success. Given data’s direct impact on marketing campaigns, reporting, and sales follow-up, maintaining an accurate and consistent database is a top priority for B2B organizations. This latest eBook aims to help marketing leaders understand the impact of data management on their company’s ROI.

Subscription Commerce Companies Embrace New Loyalty Paradigm

PYMNTS

He posits that all the talk about the glut of subscription services is because there are so many subscription commerce companies that cover a lot of verticals and subcategories within them.

Today In Payments Around The World: Urban Company Notches $255 Million; Divido Lands $30 Million

PYMNTS

In today’s top payments news around the world, Urban Company has raised $255 million in a Series F funding round, while Divido has notched $30 million in venture funding. India's Urban Company Raises $255 Million, Values Home Service Marketplace At $2.1

Blank Check Companies Set Sights On Unicorns

PYMNTS

Amid Wall Street’s gyrations and the search for the next great tech unicorn: Blank checks for blank check companies? On Monday (June 22), CNBC reported that famed investor Bill Ackman is seeking to raise $3 billion for an initial public offering (IPO) of his blank check company.

Some banks are technology companies

Chris Skinner

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

How to Overcome the Pain Points of Your CRM

When used effectively, a CRM can be the life blood of your sales team – keeping everyone organized, efficient, and at peak productivity. However, as a company, sales stack, and database grow, it becomes difficult to uphold structure and governance to keep a CRM up-to-date. The result? Less organization, more confusion, and fewer deals closed. Leveraging leading industry research from industry analysts, this eBook explores how your sales team can gain back valuable time.

Pilot Company, RTS Team On Fuel And Factoring For Fleets

PYMNTS

To help trucking firms expand their businesses, Pilot Company and RTS Financial (RTS) have teamed up for a fuel and factoring partnership. Dedicated Pilot Company and RTS personnel will work with fleets to offer funding, fuel and key services.

Walmart Backs Electric Vehicle Company Cruise

PYMNTS

In addition, the company is working with Project Gigaton, a large private-sector consortium for climate action, the release noted. Walmart has invested in San Francisco-based Cruise , which is working on an all-electric fleet of self-driving cars, according to a press release.

DoorDash Acquires Robotic Food Prep Company

PYMNTS

Taking the concept of contactless to a new level, DoorDash is buying a robotics company. 8) that it will acquire Chowbotics , a California-based automated food preparation company. The company was founded in 2014, as a B2B-based food preparation service.

Tractor Supply Company Net Sales Rise 31.4 Pct

PYMNTS

Rural lifestyle retailer Tractor Supply Company reported net sales climbed 31.4 The company reported that all of its geographic areas experienced strong comparable store sales growth, whiles its online shopping sales had “triple-digit percentage growth.”.

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

How the streaming boom benefits payment companies

Payments Source

Many consumers pay for this entertainment by credit card, but the prevalence of new streaming services — and other factors such as rewards programs — are starting to influence users' payment habits. ]]. Digital payments

The 10-year-old who runs a blockchain company

Chris Skinner

My examples include John and Patrick Collison, Stripe, who were 19 and 21 when they started their business; Andrew Kortina and Iqram Magdon-Ismail, who were in their mid-20’s when they created Venmo; Nicolay Storonsky, who was … The post The 10-year-old who runs a blockchain company appeared first on Chris Skinner's blog. I often talk about the world changing thanks to young people who can code.

B2B payments companies seek growth amid pandemic  

Bank Innovation

Despite the current economic uncertainty resulting from COVID-19, some business-to-business payment companies are gaining traction with clients and investors alike. “Our Our solution is even more relevant today than it was four weeks ago,” said Sameer Gulati, chief operating officer of the payments company Plastiq. Some of our customers are already using Plastiq as a bridge […].

Alt Lending: Zombie Companies, Revitalising Banks, Covid 19 rescue Loans

Daily Fintech

Here is our pick of the 3 most important Alt Lending news stories during the week: 1.Britain is now Europe's hub for Zombie Companies Corporate debt is expected to rise still further this year as firms borrow to survive in the aftermath of Covid-19.

Forrester Research Report: How Sales and Marketing Intelligence Drive Improved Business Outcomes

In 2019, DiscoverOrg commissioned Forrester Consulting to evaluate sales and marketing intelligence practices in the B2B space. The primary takeaway? Forrester found only 1.2% of companies achieved a score indicating maturity in data management practices. However, organizations are fighting back - and winning.

Travelers Companies Now Sends Insurance Claim Payments Via PayPal

PYMNTS

The Travelers Companies, Inc. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in a press release on Wednesday (July 31). The company expects to give PayPal access to workers’ compensation claimants in 2020. Insurance-as-a-service company Setoo recently signed on with a new collaboration between SafeCharge and Visa’s real-time push payments platform Visa Direct to help power speedier payouts.

Alleged CapOne Hacker Might Have Stolen Data From 30+ Companies

PYMNTS

Thompson , who has been accused of hacking into Capital One ’s cloud and compromising the data of 100 million people, may have also hacked into upwards of 30 other companies, according to a Bloomberg report. has revealed how many other companies were targeted. Prosecutors did not name any of the other companies involved. It also said Thompson had said she would shoot up a social media company in California, although it isn’t known which one. Paige A.

Facebook Buys Mapping Company Mapillary

PYMNTS

The goal, according to both companies, is to bring the world closer together. The company said the continuing free use will allow for a wider breadth and quality of coverage of the world.

Reimagining The Bank As A Technology Company

PYMNTS

“Banks are technology companies,” Rio Tinto recently told PYMNTS. “There’s no way around it; the bank is a technology company,” he said.

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Porter Capital Launches Help For Staffing Companies

PYMNTS

Porter Capital and Porter Freight have launched new products to help staffing companies and essential workers, a press release said on Monday (April 19). That option is known as staffing factoring and lets companies get advances on their invoice values immediately.

Russian Hack Used Servers Inside US, Cybersecurity Company Says

PYMNTS

The recently discovered cyber attack on federal government agencies and companies handling data as sensitive as information regarding new nuclear weapons was run from servers within the United States, The New York Times reports.

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FactorForYou Links SMBs With Factoring Companies

PYMNTS

A new website called FactorForYou has launched that is something of an online dating service for small- to medium-sized business (SMB) owners who want to turn accounts receivable (AR) into cash and the owners of factoring companies that make such transactions happen, according to a press release.

CCC Debuts Enterprise Payments For Insurance Companies

PYMNTS

Software-as-a-service (SaaS) provider CCC Information Services has announced plans to roll out an enterprise payments platform to help with electronic payments in the fields of insurance and automotive, a press release said Tuesday (May 4).

5 Things a Data Scientist Can Do to Stay Current

DataRobot together with Snowflake – a leading cloud data platform provider — is helping data scientists stay current with the latest technology and data science best practices so that they can excel in an increasingly AI-driven workplace. Five Things a Data Scientist Can Do to Stay Current offers data scientists guidance for thriving in AI-driven enterprises.