Saturday , April 20, 2024

Curve Lines up $1 Billion for Flex And Other Digital Transactions News briefs from 12/6/22

  • Curve OS Ltd. said it secured a deal with Credit Suisse to fund its first $1 billion in installment loans, via its Curve Flex product, in the United Kingdom, Europe, and the United States. London-based Curve announced Curve Flex in 2021.
  • A survey from Bango PLC of 2,500 U.S. subscription users found that 65% said they now “can’t afford” all the subscriptions they want. Forty-three percent said the process of paying multiple subscriptions is frustrating.
  • National Retail Solutions, a provider of point-of-sale payment technology for independent merchants, launched its NRS B2B Marketplace, an online platform aimed at allowing suppliers and distributors to deal directly with independent retailers.
  • Foxwoods Resort Casino adopted point-of-sale technology from Agilysys Inc.
  • Blackhawk Network Holdings Inc. said The Container Store is now part of its rewards and incentives platform.
  • Strike, a U.S.-based payments provider based on Bitcoin’s Lightning network, launched “Strike Globally,” a service that enables immediate payments to recipients in Africa, with coverage starting in Nigeria, Kenya, and Ghana.
  • The time it would take a “capable” quantum computer to crack a 2048-bit encryption would be a matter of “months,” warned Digicert Inc., a digital-trust company.
  • American Express Co. relaunched its American Express Leadership Academy with new curriculum to help nonprofit professionals. AmEx said 75 underrepresented nonprofit professionals from the United States, Canada, and Latin America will participate.
  • Lightspeed Commerce Inc. named Kady Srinivasan its chief marketing officer. She is a former Klaviyo and Dropbox executive.
  • Galileo Financial Technologies LLC has announced a buy now, pay later service aimed at banks and fintechs and including single-use virtual cards.

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