Ycfu The Global Grocery Race And The Digital Consumer
Retail dispute management system聽Chargeback聽announced Monday June 8 that it has closed a $6.6 million Series A1 funding round.Chargeback said the funding will accelerate its growth and ability to help online and offline retailers decrease credit card disputes, achieve higher win rates and retain more revenue. The company said the COVID-19 pandemic has made chargebacks a more urgent concern as eCommerce transactions have spiked.CEO聽John Munro聽said the funding will be used for several purposes, most importantly to continue to automate the companys business process across different payments platforms. While the companys dispute management system is basically deployed across the major credit card and alternative payment ecosystem, he says that navigating network rules continues to be a complex task for retailers faced with growing chargeback issues. Automation will help us take all the rules and data from four or five disparate systems and aggregate them into one response document, he told PYMNTS. When retailers see chargeback fraud or when they want to contest that chargeback we need to integrate into all relevant platforms. Thats the best way for us to support merchants as we gr stanley polska ow and as eCommerce grows. According to the company, dispute management has historically been a drain on personnel and a drag on the customer experience. It offers a Software-as-a-Service SaaS -based聽solution that integrat stanley thermos es and a stanley kubek utomates the dispute lifecycle. Munro says the problem has been most p Bymd Low-Cost Retailers To Get Most Lift From Black Friday
In the course of a few years, cloud computing has moved from the fringe to the norm for businesses looking to make their operations more efficient. I stanley cup DG Enterprises 2014 Cloud Computing Survey found that the majority of businesses today 69 percent are using at least one cloud-based application, and investment in the technology grew nearly 20 percent over the past two years.In the B2B space, cloud-based systems offer stanley cup players the advantages of presenting data in real-time, meaning users can make adjustments on the fly and scale quickly to individual needs鈥攚hether adding new suppliers or integrating into legacy systems. But despite the obvious benefits to the cloud, the business-to-business market is only recently starting to fully realize those advantages. Its not an easy road 鈥?B2B companies must be wary of data security and invest in stronger IT resources to support cloud services 鈥?but the industry would be wise to take a close look at cloud technology and how it can suit its specific needs.Cutting CostsSaving money stanley shop is the number-one benefit cited by businesses transitioning to cloud-based services. Seventy percent of executives interviewed for KPMGs 2014 Cloud Survey Report felt moving to the cloud helped them to reduce costs. Savings come in multiple forms: for small- to medium-sized business, moving from network- to cloud-based solutions can provide an immediate reduction in capital expenditure. The expense of renting data center space, networking, electricity, cooling a
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Procurement and billing solutions firm Corentric has raised $315 million in capital.The funds, announced Tuesday June 13 , are in the form of a $250 million senior secured asset-based loan revolver from Bank of America and JPMorgan Chase, as well as a $65 million term loan via TCW Private Credit Group. Our ability to obtain this facility in todays intensely difficult credit envi stanley de ronment is a testament to the strength of our business model, Matt Clark, president and chief operating officer at Corcentric, said in a news release. This new capital will allow us to continue to grow our book of business and achieve our goal to give every customer the individualized attention they deserve through best-in-class financial software and expert guidance. The company said it will use the funding for general business growth and to support its managed accounts receivable solutions.Clarks comments about the credit environment comes as both consumers and businesses are feeling a credit crunch.For example, research by PYMNTS and Sezzle found that a significant share of consumers are credit marginalized, which means that theyve been rejected at least once when applying for credit products over the past yearMeanwhile, a recent Federal Reserve B stanley canada oard survey of senior loan officers showed that nearly half of banks had tightened loan standards for small businesses in th stanley website e past three months, with more than half anticipating even more tightening as the year progresses.PYMNTS latest quarterly study Hhjt Square Hopes To No Longer Indulge In Caviar
The consumer reviews service has had enough with the eCommerce giants subsidiary Amazon Local, accusing the company of stealing provider lists and other proprietary information.Angies List filed a federal lawsuit against Amazon late last week in Indianapolis, which alleges executives and other employees at Amazon Local signed up as Angies members in order to copy provider prof stanley website iles, member reviews and other information, The Indianapolis Star reported on Tuesday June 23 .According to t gourde stanley he lawsuit, the information gathered is being used to create a competing service to Angies List.Amazon Local has chosen not to devote the necessary time, resources and effort to compete legitimately with Angie List and to develop its own research to identify and solicit service providers to work with. Instead, Amazon Local and its employees have chosen the shortcut of surreptitiously accessing and misappropriating Angie List proprietary information, the lawsuit alleges.The lawsuit accuses Amazon Local of a myriad of bad behavior, including misappropriation of tr stanley france ade secrets, theft, computer trespass, civil conspiracy, violations of the Computer Fraud and Abuse Act and breach of contract, The Associated Press confirmed.The employees who allegedly stole the information are listed in the lawsuit as codefendants; among them are Amazon Locals product launch specialist, software development manager and several regional marketing consultants and account executives.An
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WSFS Bank has launched a digital electronic payables tool that gives its commercial banking customers integrated accounts payable AP capabilities.The tool will replace paper-based processes and allow customers to streamline payments through a singl stanley cup uk e digital platform, the Wilmington, Delaware-based bank said in a Thursday Oct. 28 press release. Delivering the right technology continues to be at the forefront of what we provide our Customers so they can focus less on administrative tasks, such as payments, and more on their customers, said Ray Abbott, SVP, head of cash management at WSFS Bank. Processing checks is expensive and has the potential for errors and a higher risk of fraud. Our Integr stanley cup ated Payables Solution helps solve these concerns in one streamlined resource. The payables solution lets businesses streamline the AP process and execute payments as checks, ACH, wire transactions or virtual cards. WSFS says it will let customers boost revenue by converting check transactions to card transactions, as customers are eligible for a monthly rebate. It can also reduce processing costs and labor associated with checks and prevent fraud. With multiple payment options, businesse stanley italy s can provide their customers more clarity and control in managing their payments, improving the overall customer experience, the release said. The new digital Integrated Payables Solution allows WSFS Bank Customers greater control and transparency in managing their payments and translates to an o Jqyh Preparing For The Unknown With Artificial Intelligence And Machine Learning
FINO PayTech, the India-based alternative finance firm, wants to grab one more investing round before launching its payments bank in the next six months, NDTV reported on Monday Aug. 1 .The firm is fresh off a transaction where BPCL acquired a 21聽percent stake in the payments firm, marking a first for the sector as the first direct stake taken by an oil marketing firm in a payments bank, according to the outlet. Traditionally, telecom and other tech outfits have made investments. That transaction was worth Rs. 250 crore, according to various news outlets.FINO CEO聽Rishi Gupta stated: We will have at least one more stake sale, after which we will proceed ahead to launching the bank, and thus far, there has been no disclosure of just how big such an investment might be or where its source might lie. One option might be taking funding from a non-investment firm.NDTV stated that firms in the space have been gaining investments in an effort stanley us to reduce foreign holdings of equity, which has been done through stake stanley quencher sales. FINO holders include IFC, HAV3 Holdings and The Blackstone Group.Strategically speaking, FINO is eyeing the non-digital customer for its payments bank operations. The CEO told the outlet that conduits to new payments business will come amid BPCL web of retail outlets, with gas distribution businesses. Subsidies from the latter operations are deposited direct stanley quencher ly into bank accounts.
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Smaller companies tend to see their digitization efforts as an avenue to eliminate manual processes and cut costs, according to Business Payme stanley germany nts Digitization, a PYMNTS and Corcentric collaboration based on a survey of chief financial officers CFOs from firms that generate between $400 million and $2 billion in annual revenue.聽Get the report: Business Payments Digitization聽Among the CFOs from the smallest firms included in the report 鈥?those with revenue of $400 million to $750 million 鈥?71% say digitization is mostly about automation, while just 29% say it is about transformation.聽By contrast, most of the CFOs from firms in three categories of large companies say digitization is mostly about transformation 鈥?meaning they see digitization as an opportunity to transform their payments operations and wholly reconsider how payment methods connect them to customers and suppliers.聽Thats the answer given by 58% of those at small firms $750 million to $1 billion , 71% of those at mid-size stanley cup canada d firms $1 billion to $1.5 billion and 89% of those at the largest firms $1.5 billion to $2 billion .聽Realizing the Benefits of Digitization聽Though both groups 鈥?those who prioritize automation and those who aim for the transformation of their payments processing 鈥?have realized some digitization benefits, the differences in their reasons for digitizing help illustrate their varied strategies and leve stanley cup l of success.聽The largest companies tend to see digitization as an opportunity to transform Xnos Court Filings Show Facebook s Data Policy Was About Competition, Not Privacy
Digital currency company Circle Internet Financial says it has raised $17 million in funding from new investor Oak Investment Partners along with Breyer Capital, Accel Partners and General Catalyst Partners and others. We are thrilled to have such a strong showing of support and vote of confidence from world-class investors and strategic individuals as we move into the commercial phase of Circle, reported Circle founder, chairman and chief executive officer Jeremy Allaire in a statement.The company also announced the debut of its ini stanley france tial consumer product also called Circle in a limited re stanley termos lease.To learn more abou stanley mug t Circle Internet Financial and its investment history, click here. Whats Hot is aggregated content. PYMNTS claims no responsibility for the accuracy of the content published by the original source.
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MICHAEL PHELAN / LONDONDesigner says wingtip-mounted device can perform far better than w yeezy mx ingletsA French inventi adidas sambarose on designed to eliminate wingtip vortices could enable future aircraft designs to benefit from significantly lower lift-induced drag. French aeronautical teacher Christian Hugues claims h yeezy is Minix device - a hollow cylindrical tube attached to an aircraft s wingtip - could reduce induced drag by 8%, while increasing lift by 5.4%. The tube, made of Kevlar and carbon composite, has spiral slits cut into its length. It works on the principle that the vortices generated at the wingtip will hit the wing at the same distance inboard of the tip as the wing s thickness. As the pressure exerted by the vortex on the wing surface increases, flow escapes through the slits and is dissipated into a linear flow through the open rear of the tube.Hugues obtained a French patent for his device in May following eight years of work, and says the design performs far better than conventional winglets. While winglets can reduce vortex pressure around the wingtip, Minix can eliminate the vortex completely, he says.Hugues has tested his invention in a windtunnel and predicts an 8% induced drag reduction for a wing with an aspect ratio of eight at a Reynolds number of 7.5 x 106. He says the application is adaptable to all aerofoil shapes and sizes, including propeller and helicopter blades. More testing is needed to tailor the design to larger wings and for higher Reynolds number conditions Pnip The Brit 50: Eon Productions
Richard Linklaters Boyhood to compete for the Golden Bear; Beauty and the Beast, starring Vincent Cassel and L茅a Seydoux, to play out of competition.The 64th Be hydrojug traveler rlin International Film Festival Feb 6-16 has added 15 ti owala water bottle tles to its Competition programme, completing the line-up of 23 films - of which 20 will vye for the Golden Bear and Silver Bears.The programme includes 18 world premieres and three feature debuts.The line-up includes the international premiere o owala water bottle f Boyhood, from Before Midnight director Richard Linklater. The film, which will premiere at Sundance, was shot over short periods from 2002 to 2013 and covers 12 years in the life of a family, featuring Mason and his sister Samantha. Patricia Arquette, Ethan Hawke, Ellar Coltrane, Lorelei Linklater star.World premieres include In Order of Disappearance, directed by Hans Petter Moland, which stars Stellan Skarsg氓rd as a snow plough driver whose sons sudden death puts him in the middle of a drug war between theNorwegian mafia and the SerbiansPlaying out of competition will be the international premiere of fantasy romance Beauty and the Beast, directed by Christophe Gans and starring Vincent Cassel and L茅a Seydoux Blue is the Warmest Colour in the title roles.Other world premieres include Two Men in Town, from London River director Rachid Bouchareb, about a Muslim ex-con who forms a friendship with his parole officer. The cast includes Forest Whitaker, Harvey Keitel and Brenda Blethyn.They will go up against previously
