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Instacart Launches Doorstep Grocery Delivery Amid Coronavirus Scare

Instacart said on Thursday (March 5) that it would launch its door-step grocery drop-off service to all customers amid the fear of the coronavirus outbreak, according to Reuters. The service gives customers the choice of having groceries left on their doorsteps at a specific time, instead of being hand-delivered. The project had been tested previously […]

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Credit Bureaus Aim To Bulk Up Files For Borrowers With Little Credit History By Using Rent-Payment Data

Credit bureaus are aiming to thicken up the “thin” credit files of borrowers who have too little credit history to qualify for loans using the traditional FICO credit score, launching new products that use information banks hadn’t been typically considered in the credit-scoring process. By looking at things like on-time rent payments or a lack […]

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Par Funding Nixes Credit Checks To Fast-Track SMB Finance

Joseph LaForte, of short-term capital provider Par Funding, said this week that his company will be providing a new product to help small- to medium-sized businesses (SMBs) with cash flow issues, according to a press release. The product will ensure that SMBs are able to get access to working capital “in the shortest possible time […]

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Access To Develop Payroll Solution With CoreHR Takeover

The Access Group has acquired CoreHR, an Ireland and U.K.-based firm known for HR and payroll software, according to a press release. The move sets up Access Group to become a large-sized leader in the region for those types of services. It follows Access Group’s other recent acquisition of People, another leader in small business […]

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BoE Boss Stresses Reverse Factoring Amid Coronavirus

The incoming Bank of England (BoE) Governor Andrew Bailey said that small and medium-sized businesses (SMBs) might need loans from Threadneedle Street and the government to help with supply chain disruptions from the coronavirus outbreak, according to reports on Thursday (March 5). Bailey, who is currently chief executive at the Financial Conduct Authority (FCA), told […]

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Taking Real-Time Payment Rails To The Tipping Point

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. Many of these providers are particularly competing for […]

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Boku CEO On Digital Content’s New Tailwind

On Dec. 1, 2019, there was no shortage of predictions about which stories would drive payments, commerce and the global financial ecosystem. Trade disputes, the connected economy, new banks, cryptocurrency, mobile wallets, instant payments, trade disputes, mergers and acquisitions, biometrics, synthetic identity fraud — we could literally go on and on. As is customary in the […]

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Why Grocery Innovation Is All About Share Of Stomach

Even a decade ago it was obvious that the rise of mobile and the expansion of eCommerce was going to have a transformative effect on retail. But very few people, when asked where the biggest investments, biggest swings, biggest changes and biggest players were going to pile up to fight it out, would have immediately […]

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New Data: Share Of FIs Using AI Has Increased 70 Pct

There is scarcely a financial institution (FI) that does not claim to be using artificial intelligence (AI) in some capacity or other. Yet, these claims do not always rest on a solid foundation. What some banks purport to be AI is often lumped together with other less sophisticated computational systems or, in some cases, not […]