Mon.Mar 01, 2021

Square’s Utah Bank Now Open For Business

PYMNTS

Square is now operating its state-chartered industrial bank , Square Financial Services, in Utah after the state’s Department of Financial Institutions gave it the green light, according to a press release emailed to PYMNTS. Square submitted its application back in September 2017.

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Klarna valued at $31 billion after U.S. growth stoked investors

Payments Source

Klarna Bank said it raised $1 billion at a valuation of $31 billion, triple the price investors gave the Swedish payments firm during its last funding round, following rapid growth in its U.S. business. Digital payments Klarna

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Trending Sources

Citi’s Kohli: Corporates And Banks Experiment To Drive Digital Business Models

PYMNTS

Treasurers met the immediate disruption of the global pandemic last year with a sudden demand for digital solutions from their banks.

Amex adds wireless phone insurance to top-tier rewards

Payments Source

As wireless handset costs rise, American Express is throwing in insurance coverage for phone repair or replacement on top-tier rewards cards as another way to get upscale travel-and-entertainment customers to stick around as the pandemic drags on. American Express Credit cards Loyalty and rewards

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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.

Bitcoin Daily: NY AG Sends Warning Out To Crypto Industry; MicroStrategy Buys 328 More Bitcoin For $15 Million

PYMNTS

New York Attorney General Letitia James has warned crypto firms to “play by the rules” or risk getting shut down, according to a press release. Calling cryptocurrency “high-risk,” James said “devastating losses” could occur, the release stated.

More Trending

Amazon Go To Launch In UK Amid Lackluster Physical Store Sales 

PYMNTS

Amazon will soon open its first Amazon Go store in Ealing, West London, according to the Daily Mail. The news comes months after the retail giant first applied for a signage permit in November, reports Pocket-lint , in advance of 30+ more Amazon Go U.K. stores, according to Forbes. .

Insuring crypto payments is hard--but change is on the horizon

Payments Source

The insurance industry has shied away from crypto, but as the market gets larger opportunity will arise for insurers, says InsuranceQuotes.com's Brian O'Connell. Digital payments Insurance Cryptocurrencies

Home Furnishings Marketplace Chairish Designs Its Future; Focuses On Customer, Payments Experience

PYMNTS

After not only surviving — but thriving — through a year of unprecedented and unpredictable pandemic-related turmoil, vintage home furnishings marketplace Chairish is focusing on things it can actually control, like knowing its niche and improving the customer experience.

Square’s long-planned bank opens for business

Payments Source

The payment processing company will offer loans and deposit accounts to its small-business customers through a Utah-based industrial bank. ILCs Fintech Square Small business lending

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Apple Has Reopened All 270 US Retail Stores

PYMNTS

Apple has reopened all 270 of its U.S. stores for the first time since all retail locations were closed due to the COVID-19 pandemic that hit the country in March of 2020, CNBC reported o n Monday (March 1). The last location to reopen was in Texas.

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Jumia expands in online Africa food delivery in quest for profit

Payments Source

Jumia Technologies is expanding in online food delivery as the pioneering Africa e-commerce business looks to grow beyond its main market of trading phones and electronics. Africa E-Commerce

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Business Email Compromise Attacks Raise Corporate, Bank Alarms

PYMNTS

While the threat of cyberattacks continues to impact organizations directly, businesses of all sizes are also facing threats from their own supply chains.

4-parter on Coinbase “IPO” – Part 1 = 5 Reasons Why It Matters

Daily Fintech

Coinbase is a US Regulated On Ramp to a global unregulated/permissionless network. If you live in America and are new to crypto, head over to Coinbase. It is regulated and easy.

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.

Walmart’s ‘Cookshop’ Celebrity Collaborations Use Content To Build Deeper Relationships With Consumers

PYMNTS

Walmart and video tech company Eko are expanding their Cookshop partnership, a series of shoppable recipe videos that feature brand collaborations and celebrity partnerships to create attention-grabbing, shareable videos.

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Working With Borrowers When Rates Rise

Banker to Banker

Capital markets move quickly, and last week the 10-year Treasury yield did not just increase, but it increased by almost 20 basis points in one day. Many pundits and economists will be writing about the cause and impact of rising rates. They will note how the market is now pricing interest rate hikes by the end of 2022 and how inflation is expected to accelerate on the back of fiscal stimulus

New Campaign Boosts Black-Owned Restaurants With Marketing Support

PYMNTS

As the COVID-19 pandemic puts small and mid-size businesses ( SMBs ) to the test , many economic disparities have been exacerbated.

Point of sale credit and other innovations are a lift for travel payments

Payments Source

There's no overstating the impact the pandemic has had on travel, but there are innovative products that can help the recovery, says Nuvei's Yuval Ziv. Coronavirus Payment processing Merchant Transportation industry

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Just Do It: Brands Can Take D2C Page From Nike

PYMNTS

There have been lots of direct-to-consumer plays in the last year, most of them out of big consumer packaged goods ( CPG ) companies: Mars , Pepsi , Coca-Cola , Kraft Heinz Co. , the list goes on and on. But the biggest win of the year came from the biggest move by the biggest player — Nike.

Market Commentary: Week of March 1, 2021

SWBC's LenderHub

Last Week: Last week marked the return of the mythical “Bond Vigilantes!” Sparked by continued improving news on the vaccine front (Johnson & Johnson fast-tracking a third effective COVID-19 vaccine), the nearing of the Democrats $1.9

Rent The Runway’s Jennifer Fleiss On Giving Capital- Efficient Businesses An Edge

PYMNTS

It’s not easy being bootstrapped in a world full of venture capital (VC)-backed players. Bootstrapped players are capital-efficient, inventive and profitable nearly from Day One — that is if they want to stay in business on Day Two, Year Two and the subsequent years after that.

A sales pitch became a vendor's winning legal argument in Kansas surcharge case

Payments Source

CardX, which enables merchants to add a fee for accepting credit cards, won by showing how its product provides transparency to consumers. Compliance Interchange fees Network rules Kansas

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

VTB Rolls Out Blockchain Airline Fuel Payments

PYMNTS

VTB Bank is rolling out a new way for airlines to pay for fuel via blockchain, according to a Monday (March 1) press release. Users will be able to connect to the blockchain platform Smart Fuel and will be able to reduce transaction time.

What Goldman hires mean for Walmart's payments, banking ambitions

Payments Source

In adding Goldman Sachs' Omer Ismail and David Stark, the retail giant can enhance products such as Walmart Pay, Walmart+ and its fintech pact with Ribbit Capital. Fintech Walmart Credit cards

Report: Brazilian Consumers Think Digital And Want Merchants To Do The Same

PYMNTS

Brazil is known for its vibrant music culture, love of soccer and for being the largest country in Latin America in terms of both population and geography.

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BNY Mellon Enters Digital Assets Arena as Interest Grows

Banking Exchange

Development comes amid controversy over new digital banking licenses Technology Financial Trends Feature3 Feature Fintech Blockchain. 1Technology

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.