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Publicly traded companies are marked to market each and every day. And when quarterly results roll in, investors parse the data, the top line and the operating margins, and often measure success with each and every earnings report. For NCR Voyix, the company’s sale of its digital banking platform business...

NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s Long-Term Potential

WorldFirst, a one-stop digital payment and financial services platform for global businesses, particularly SMEs in international trade, has worked with Walmart to enable China-based e-commerce sellers to securely collect funds from Walmart Marketplace, accelerating global growth opportunities. Leveraging WorldFirst’s 20 years of expertise in secure cross-border payments, the new digital...

WorldFirst Partners With Walmart for Secure Online Fund Collection

Mexico-based FinTech Aviva has raised $5.5 million in seed funding. “This oversubscribed round highlights the strength of our model’s unit economics, as well as our mission to provide innovative and accessible financial services to a market of 70 million people who are still underserved or receive very low-quality products,” the company wrote in a recent LinkedIn post.

Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’

Finova Broker, formerly the eKeeper Group and part of finova, the UK’s largest cloud-based mortgage and savings provider, has announced its successful integration with Cashflows, the platform that makes it easier to accept payments digitally. This new feature allows mortgage brokers to seamlessly take payments for administration and processing fees directly within the finova Broker CRM or passed directly to the customer via an email link.

Finova Broker CRM Integrates with Payment Provider Cashflows

UPS will soon acquire a nearly 50-year-old delivery company based in Mexico as part of the company’s plan to become the top delivery service in the world. UPS has entered into an acquisition agreement with Estafeta, which is expected to close by the end of the year. The acquisition of Estafeta will include six Boeing 737-400 freighters, along with maritime, railway, and trucking services, reported AirCargoNews.

UPS to acquire nearly 50-year-old Mexican delivery company

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Another week has passed for small business owners. And just in case you were too busy to notice all the headlines this past week that were important to people like you, we can take a look back on all the news you may have missed in our weekly small business news roundup.

In the News: Hundreds of Thousands Available in Grants for Women- and Minority-Owned Businesses

The SME Finance Taskforce, a group of leading banks, alternative lenders, fintechs, accountancy software providers, payment schemes, credit reference agencies and industry bodies, has developed an action plan to energise the UK economy. The plan will speed up lending and access to finance for 5.5 million SMEs, which employ 60% of the private-sector workforce and deliver over 50% of UK economic turnover.

Banking and Financial Services Taskforce Delivers SME Action Plan to Boost UK Economic Growth

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Online-only or ‘faceless’ banks are becoming a more familiar part of the UK banking landscape, with increasing numbers of businesses managing their finances through digital-only providers like Starling or Monzo. To uncover attitudes towards digital versus traditional business banking, NerdWallet UK surveyed 1,000 business owners and decision-makers of...

Almost Half (46%) of UK Business Leaders Trust Digital-Only Banks as Much as Traditional Banks

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Financial services companies are managing tens of thousands of identities which, at scale, can be challenging to quickly manage and secure access for employees as they join, transfer departments, or leave a company. 77% state these problems are exacerbated by a rapid influx of identities as a result of mergers and acquisitions. Acquired companies may lack visibility into all their identities’ access and may delay, inadvertently overprovision, or underprovision access.

2024 State Of Identity Security in Financial Services

Identity theft is a major problem -- and it’s only gotten worse since the onset of the pandemic as criminals find new and creative ways to extract your personal information online. The good news is identity theft protection goes a long way in keeping identity thieves at bay, and you may qualify for free or low-cost coverage through your bank.

Does Your Bank Offer Identity Theft Protection? These 5 Do -- and Some Plans Are Free

Denver, CO

Two immigrants from south of the border told the City Council Monday they were harassed when using hotel vouchers for shelter in Denver. Speaking through an interpreter, Leivy Ortega and Henry Aguilar said they received vouchers for hotel stays from an unnamed non-profit. But they had problems using the vouchers, they said. Ortega said she came to Denver from Connecticut and lived in her car for 15 days. She received a three-day hotel voucher, she said, but hotel staff initially would not honor it. She did not name the hotel. She said staff finally looked at her paperwork and gave her a room, but they wanted to charge her. for it. She said they initially weren’t going to allow her to stay because she has a service animal.

Immigrants allege Denver hotel staff mistreated them

The Associated Press

ATLANTA--(BUSINESS WIRE)--Aug 5, 2024-- Sainsbury’s has announced it has chosen NCR Voyix (NYSE: VYX), a global leader in digital commerce solutions, to help transform its shopping experience and support its Next Level Sainsbury’s business strategy. The seven-year agreement expands the UK grocer’s more than 20-year strategic partnership with NCR Voyix. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240805601214/en/ Sainsbury’s has announced it has chosen NCR Voyix (NYSE: VYX), a global leader in digital commerce solutions, to help transform its shopping experience and support its Next Level Sainsbury’s business strategy. The seven-year agreement expands the UK grocer’s more than 20-year strategic partnership with NCR Voyix. (Photo: Business Wire)

Sainsbury’s Partners with NCR Voyix for Exceptional Customer Experience

The window to apply for a medical cannabis business license in Kentucky closes at the end of this month. The Kentucky Cabinet for Health and Family Services said it has received around a dozen permit applications for medical marijuana businesses.

Kentucky’s medical cannabis business license application window set to close August 31

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

NewsBreak

Unlimit and Yuno Join Forces to Enhance Payments for Businesses Worldwide

Global fintech Unlimit today announces its partnership with the world’s leading payment orchestration platform Yuno to simplify and enhance payments for businesses worldwide. This strategic partnership...

Unlimit and Yuno Join Forces to Enhance Payments for Businesses Worldwide

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