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Ramp Raises $5 Million for User and Revenue Forecasting Platform BY PYMNTS | MARCH 3, 2023 | revenue forecasting Ramp has raised $5 million in seed funding for its user and revenue forecasting platform. The tool uses cohort-based forecasting to run scenarios and forecasts in minutes and predict customer behavior, future revenue and a firm’s annual growth,...

Truzo Launches Africa-Focused Digital Escrow Service in UK BY PYMNTS | MARCH 3, 2023 | Africa business Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Already established in South Africa, and approved by the Financial Conduct Authority (FCA) in the U.K., the service can now add safety and reliability to transactions between the...

Senators Warn Regulators on Zelle Fraud Risks BY PYMNTS | MARCH 3, 2023 | Zelle Five Senate Democrats are sending a warning on Early Warning Services’ Zelle. In a letter addressed to the Federal Reserve, the FDIC, the National Credit Union Administration and the Office of the Comptroller of the Currency, the senators warned that Zelle’s “model...

Discretionary Spending Pullback May Paint Clearer US Economic Picture BY PYMNTS | MARCH 3, 2023 | Sometimes it just comes down to the cold, hard numbers. Three department stores, along with Best Buy, released their earnings this week, and the news was pretty grim when it comes to consumer spending on nonessential items. Macy’s comparable-store sales...

ATMs Take on New Tasks Even as Their Numbers Decline BY PYMNTS | MARCH 3, 2023 | There’s still demand for ATMs even as their numbers are declining. For example, workers who receive tips like to use the machines to get that cash into their accounts, the Wall Street Journal (WSJ) reported Friday (March 3). Cash remains...

Binance.US Runs Into Continuing Objections to Acquisition of Voyager Digital BY PYMNTS | MARCH 3, 2023 | Voyager Digital Binance.US continues to have a bumpy road in its efforts to acquire Voyager Digital. The cryptocurrency trading platform — which is a separate entity from Binance Holdings but like that organization is majority owned by Changpeng Zhao —...

Apple’s VP of Cloud Engineering Michael Abbott Reportedly Leaving Company in April BY PYMNTS | MARCH 3, 2023 | Apple’s vice president of cloud engineering is reportedly leaving the company. Michael Abbott is set to leave the post in April after five years and his responsibilities are to be taken over by Jeff Robbin, the creator...

FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24% BY PYMNTS | MARCH 3, 2023 | Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send the group down on yet another five-day journey that saw a 2.7%...

The Week That Broke the Bank for Crypto BY PYMNTS | MARCH 4, 2023 | crypto and banking Every so often, there’s a seismic week that shakes up crypto. Scratch that. Seems like every week, nowadays, is a seismic week that shakes up crypto. The ecosystem keeps evolving, but in recent days it feels like the evolution is being...

/ Sport Paris Olympics fans call ticket pack ‘a racket’ amid rocky start to sales Issued on: 04/03/2023 - 15:37 File photo of the Olympic rings seen from the Place du Trocadero overlooking the Eiffel Tower in Paris File photo of the Olympic rings seen from the Place du Trocadero overlooking the Eiffel Tower in Paris © Francois Mori, AP Text by: NEWS WIRES 4...

AS IT HAPPENED Ukrainian forces cling to Bakhmut under severe Russian pressure Issued on: 04/03/2023 - 09:27 Modified: 04/03/2023 - 10:27 Ukrainian servicemen fire a mortar toward the Russian position on a frontline not far from Bakhmut in Donetsk region on February 20, 2023 Ukrainian servicemen fire a mortar toward the Russian position on a frontline not far from Bakhmut in Donetsk region on...

/ Africa Sub-Saharan migrants in Tunisia living in 'climate of fear' after surge in racist attacks Issued on: 04/03/2023 - 16:55 Modified: 04/03/2023 - 16:57 Sub-Saharan African migrants camp outside the headquarters of the International Organisation for Migration (IOM) in Tunis, on March 2, 2023. Sub-Saharan African migrants camp outside the headquarters of the International Organisation for Migration (IOM) in Tunis, on March...

Nigeria to punish electoral officials found guilty of misconduct Results of Feb. 25 presidential and parliamentary polls are being contested by opposition parties Olanrewaju Kola | 04.03.2023 Nigeria to punish electoral officials found guilty of misconductAn election officer votes counting during the presidential election collection at the Independent National Electoral Commission (INEC) headquarters in Lagos, Nigeria on February 27, 2023. (...

Container homes from Qatar arrive in Türkiye 2 ships carrying 396 living containers for quake victims arrive at Iskenderun port in Hatay province Ferdi Uzun and Mehmet Calik | 04.03.2023 Container homes from Qatar arrive in TürkiyeTwo ships, carrying 396 containers sent by Qatar for the earthquake survivors, dock at Iskenderun Port in Hatay, Turkiye on March 04, 2023. ( Ferdi...