To connect directly with their customers in the supermarket, food brands are turning to quick response (QR) codes. Foster Farms, which offers chicken and other poultry products, decided to put the codes on its product packaging. Their offering is dubbed DORI, which stands for deals, offers, recipes and information. In order access the resources that […]
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Retailers are rolling out new ways for consumers to look for items online. Forever 21, in particular, is moving beyond text-based online search for its customers with visual search. In an announcement for the feature, Forever 21 President Alex Ok said the technology “bridges the gap” between online and offline worlds, while enabling “customers to […]
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Despite problems with its new logistics system, which cost H&M an additional $45 million, the retailer saw a positive sales trend during September — the first month of the fourth quarter. In a call with analysts, H&M CEO Karl-Johan Persson said that the glitches would have a cost and sales impact, but Reuters reported that they […]
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sponsored A decentralized fintech company has forged a partnership that will see its technology integrated into products offered by TD Bank, one of the world’s largest financial institutions. Hydrogen, a NYC-based business that was recently named KPMG’s fintech startup of the year has signed a public blockchain licensing deal with TD Bank – the world’s […]
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Subscriptions offer consumers access to a steady supply of products, from food preparation and cosmetics to clothing and more. It now appears medical care could be the latest business disrupted by them. Subscription medicine — also called “membership medicine,” “concierge medicine” and “direct primary care” — allows patients to pay a monthly, quarterly or annual […]
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The venture capital (VC) arms of Google and Goldman Sachs participated in the latest investment round for cross-border payments company Veem, Forbes said Wednesday (Sept. 26). GV, formerly known as Google Ventures, and Goldman Sachs led the funding for Veem, though the company declined to release details on how much it raised. Investors Kleiner Perkins, Silicon […]
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In some markets, new entrants into the financial services (FinServ) market went from bank competitors to bank collaborators, seemingly overnight as traditional financial institutions (FIs) realized the potential in acquiring FinTech firms to bolster their own services. However, the competitive spirit isn’t gone, particularly in France, where challenger bank Qonto operates. The company, which recently […]
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FreightRover, a company working to accelerate B2B payments to truck operators, has secured $500 million in financing to fuel its factoring operations. Reports in The Wall Street Journal (WSJ) on Wednesday (Sept. 26) said Crayhill Capital Management provided the investment. FreightRover will use the funds to bolster its invoice financing services for truck operators that wait […]
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As SWIFT continues to see traction in its global payments innovation (gpi) initiative, a number of banks in Asia have signed on in recent days. SWIFT said it is working with five banks in Malaysia to bring the gpi initiative to the country over the next few months. Those banks — Hong Leong Bank, Maybank, […]
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Rideshare company Lyft’s revenue more than doubled in the first half of the year to $909 million. In addition, the company’s net loss increased at a slower rate than a year earlier, going up by 46 percent to $373 million. The company also lost 41 cents for every dollar of revenue, an improvement from a […]
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