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Brazilian lender Creditas is raising $200 million and buying a bank and a mortgage startup in a move to b stanley uk olster profitability, according to a Friday July 8 press release.In an interview with Reuters Friday, Creditas CEO Sergio Furio said his company, which runs an online consumer loan platform, is purchasing Andbanks Brazilian banking license and plans to start accepting deposits. Getting retail deposits as a new alternative for funding will improve our margins, Furio said.Read more: Brazilian Lender Creditas Valued at $4.8BReuters noted that until now, Creditas had just funded itself through the capital markets. With its deal with Andbank, the company will distribute products from its credit portfolio to the banks investors. Andorra-based Andbank will stay in Brazil as a broker-dealer and asset manager. The bank has $30 billion under management.The deal, worth $100 million, still needs the green light of the Brazilian central bank, as well as from CADe, the countrys antitrust regulator.Creditas has also purchased mortgage marketplace Kza stanley cup s, a move that lets it provide home loans from other lenders beyond the ones it already offers. Creditas also specializes in auto loans, insurance and used car sales.Furio said the new capital will also fund Creditas 150 stanley ca million reals $28 million May investment in Voltz Motors.Learn more: How Brazil Serves as a Payment Innovation Blueprint for Latin AmericaCreditas raised $260 million in January in a funding round that valued the firm at Whow Polish Consumers Embrace Contactless as POS Payments Jump 162% YoY
It hasn ;t been a great year for the food service industry in terms of bacterial outbreaks, but at least Costco gets to end the year with some good news from the Centers for Disease Control and Prevention.The CDC issued a final notice Tuesday Dec. 22 in which the agency declared the outbreak of Escherichia coli bacteria in Costco chicken salad more than likely over. The last person to fall ill from eating the retailer chicken salad did so on Nov. 3, and no new cases ha stanley cup ve developed since that date.While the CDC performed multiple investigations to try to identify the source of the outbreak or the ingredients that may have led to E. coli contamination, it was unable to find a credible culprit. Taylor Farms Pacific, Inc., the supplier of the celery and onion blend used in Costco chicken salad, issued a voluntarily recall for the mix on Nov. 26, though no evid stanley cup ence was found directly linking the product to the E. coli outbreak.However, as one E. coli scare ends, another begins.聽Newsweek stanley cup reported that Chipotle 鈥斅爁resh or lack thereof off the revelation of a serious norovirus outbreak in Boston 鈥斅爄s now dealing with five new sickened customers from an E. coli contamination in Kansas, Oklahoma and North Dakota. These unfortunate diners join about 50 others who have fallen ill after eating at the Mexican food chain sometime in November, 20 of whom required hospitalization.The safety of our customers and the integrity of our food supply have always been
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Net terms are a staple in the B2B payments arena. Although the concept is designed to support greater control over cash flow 鈥?especially for buyers 鈥?in the construction industry, net terms doesnt necessarily mean what it implies.For contractors that need to make materials purchases from vendors, payment practices usually entail a monthly deadline upon which all outstanding invoices are due, whether invoices were issued 30 days or three days before that due date.According to Yaser Masoudnia, CEO of LinqPal, which launched last month, this legacy B2B payments framework is just one example of the variety of legacy payment workflows upon which the construction industry relies. As he told PYMNTS, outdated and manual processes fail to address the biggest stanley uk pain points for both materials vendors and contractor buyers, leaving plenty of room for friction and cash flow bottlenecks.Dual-Sided Pain PointsWhen launching LinqPal, Masoudnia said he aimed to stanley thermos service both buyer and supplier pain points in the construction space, with companies on either end sharing more in common than they might initially think. On one end, its designed to address the needs of the contractor, and on the other end, its designed to address the needs of suppliers because the root of the problem for both is the same, he said.The continued tradition of a monthly payment deadline, for example, creates significant cash flow and administrative burdens on the contractor customer, who, as Masoudnia stanley cup noted, often mis Dtuq New Report: Blockchaining Out Bad Actors
Disruptive, innovative technology can change markets in ways that could never have been predicted. The rise in Big Data, for instance, has encouraged the exploration of new ways to make use of digital payments data. For corporate payments, that could mean more accurate cash flow forecasting, fraud identification or more efficient reconciliation.But U.K. travel technology company Voyage Manager, which offers traveler tracking capabilities for employers with traveling staff, has identified another use for corporate payments data that could only have been possible through gourde stanley the rise in digital payments.Traditionally, explained Founder John Scott, traveler itineraries are the go-to to track workers; then came the advent of GPS, which can also help to track employees, though, as Scott noted, many individuals aren ;t too keen on being constantly tracked via GPS.Last week, Voyage Manager ann stanley cup ounced that it can now use transaction and expense data from cards used while traveling to add another layer of visibility into where employees are.Scott offered an example of why using payments data can be so useful.If an itinerary states that you fly into Heathrow, the only thing we know is that you should have arrived at Heathrow, he said. By adding card transaction data, we could know that you spent聽拢25 at a Domino Pizza in central London 鈥?i stanley fr t gives us additional information we otherwise wouldn ;t have.Knowing exactly where your employees are while
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