Global Tech Payment Solutions

Visa names next CEO Longtime Visa president Ryan McInerney will become CEO in February 2023 when Al Kelly steps down from the post he's held since 2016. Kelly will become executive chairman of the board following the transition.

Innovation is constant change even for million and billion dollar companies… 🤙👌

Companies have been closing locations left and right over the past two-and-a-half years. Store closures took off in 2020 amid challenges from the COVID pandemic, and some retailers like Stein Mart were forced to shut down all of their stores completely. In 2021, major companies like Disney and DSW pared down their stores by the dozens. But even as the fallout from COVID has lessened over time, new setbacks like record-high inflation rates have some retailers still struggling to stay afloat. Store closures have hardly let up in 2022, with a number of popular retail chains shuttering dozens of locations just this year. Read on to learn more about massive downsizing by name brands..

6 Popular Retail Chains That Have Closed Dozens of Locations in 2022 Companies have been closing stores left and right since 2020, and these retail chains have shuttered many locations in 2022.

Keeping our fingers crossed for the justice that’s deserved from this horrific internal theft scam with Apple.

A Former Apple employee confessed to committing fraud and conspiracy to defraud Apple of over $17 million overtime period of 7 years. Dhirendra Prasad who was employed by Apple in 2008, in a written plea agreement on November 1, said that he worked as a buyer in Apple’s Global Service Supply Chain for the most part of his tenure. His responsibilities involved purchasing parts and services for Apple from vendors.

How former Apple employee Dhirendra Prasad leveraged his position to defraud the company of over $17 million Prasad conducted multiple frauds with the company of which one involved him shipping motherboards from Apple’s inventory to CTrends, a company run by his accomplice named Don M. Baker in 2013.

Aiming to help small- to medium-sized business (SMB) owners enhance their operations and boost their digital capabilities, Mastercard has announced several new and expanded benefits available to its SMB cardholders in the United States.

In three new partnerships, cardholders can now access a variety of savings offers on eligible products and services from the Adobe Creative Cloud, McAfee cybersecurity offerings and the Priority Pass airport lounge network, Mastercard said Monday (Oct. 3) in a press release.

In addition, extended benefits now include additional savings offers on ShopRunner free two-day shipping and free returns at dozens of stores, Stride insurance benefits, Uber Freight shipping services and Uber for Business rides and deliveries, according to the release.

Mastercard Adds New Benefits for SMB Cardholders Aiming to help SMB owners enhance their operations, Mastercard has announced several new and expanded benefits available to its cardholders in the United States.

Mr. Tony owns and operates the concession business inside of New Orleans City Hall in Louisiana. He doesn’t come across honest business consultants often.. this was his reaction when we reassured him that his business was already on a good program! 😁

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Hurricane Ian: 2 Million Without Power As Storm Strikes Florida More than 2 million homes and businesses across the state face power outages and officials warn restoration could take several days or even weeks.

The Functioning of Fintech Companies

Read here: https://finextcon.com/2022/09/14/the-functioning-of-fintech-companies/

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Manual Processes Cost SMBs Big Money | PYMNTS.com Sage calculates the global cost of loss productivity as a result of small businesses doing manual administrative tasks, such as SMB accounting, payroll and HR.

Finance automation platform Mesh Payments has raised $60 million in new funding and will use it to expand its go-to-market (GTM) efforts and continue its product innovation.

The new backing comes after the company tripled its revenue growth in the first half of the year, with 1,000 mid-market companies now using Mesh and close to $1 billion annualized payment volume (TPV) flowing through the platform, according to a Wednesday (Sept. 7) press release.

The company attributed the growth to companies shifting their focus from growth to cost and spend reductions, and looking for solutions that will assist them, per the release.

“The confidence in Mesh from investors and customers, even in a turbulent market, reinforces that our finance automation platform is what companies want to help them navigate a cost-cutting environment,” Mesh Payments Co-Founder and CEO Oded Zehavi said in the release.

Mesh Raises $60M to Expand Finance Automation Finance automation platform Mesh Payments has raised $60 million in new funding to expand its go-to-market (GTM) efforts and continue its product innovation.