In today’s top news, Amazon is bringing its Prime Now ordering service to its main Amazon app, and JPMorgan Chase is launching its own healthcare firm. Plus, Square’s kitchen display system is now available to restaurants as a stand-alone product.
Amazon customers in the United States using the company’s super-fast Prime Now delivery service will do so through the main Amazon app by year’s end, which will provide a seamless shopping experience for users. Amazon already moved away from the separate Prime Now app in India, Japan and Singapore.
Following the collapse of its joint health venture with Amazon and Berkshire Hathaway earlier this year, JPMorgan Chase announced that it will launch its own healthcare company, Morgan Health, aimed at providing better medical care for the banking giant’s 165,000 employees and their families. The new business unit will get $250 million to invest in companies offering “promising healthcare solutions.”
Square’s kitchen display system (Square KDS) is now available to restaurants as a stand-alone product via subscription. The software will be available even in restaurants that don’t use a point of sale (POS) to take orders or for better functionality.
Figure Technologies has raised $200 million in a Series D funding round, valuing the blockchain-focused financial services firm at $3.2 billion. The platform will use the funding to support further growth for the company and its blockchain, Provenance.
Cross-border payments remain broken, with a lack of international participation one of the most prominent barriers to success for correspondent banking alternatives looking to tackle friction. Naveen Mallela, global head of coin systems at Onyx, tells Karen Webster why open infrastructure is essential to gaining critical mass.
Businesses are rushing to grow their global eCommerce operations but risk creating a patchwork of payments solutions and FX risk if their strategies sidestep getting treasurers’ input. In “The Powering Smart Treasury Playbook: Treasurers’ 2021 Roadmap To Innovation,” PYMNTS examines the role of modern platforms and data visibility to empower treasurers to drive sustainable eCommerce growth from day one.
The pace of listings might have slowed, and special purpose acquisition companies (SPACs) and initial public offerings (IPOs) may be in a “digestive” period, but a solid pipeline of pending deals suggests a rebound may be in the works.