The innovations shaping the payments industry are moving in real time. And increasingly so, too, is money itself. “What we’re seeing from a product perspective is a lot of focus on faster payments,” Keith Vander Leest, head of payments at Cross River, told PYMNTS as part of...
Silicon Valley Bank (SVB), a division of First Citizens Bank, has unveiled a range of new and updated products and services. Since its acquisition by First Citizens, SVB has continued to invest in digital solutions and efficiency tools, the bank said in a Monday (Oct. 23) press...
As Amazon and Walmart engaged in a checkout showdown throughout October in the holiday shopping race, Kohl’s is looking to distinguish itself and ensure customer loyalty in the upcoming month. To achieve this, Kohl’s has expanded its retail space at the front of the store, specifically allocated for seasonal items like...
BNY Mellon has introduced a White Labeling service for its LiquidityDirect platform. This service enables financial institutions to offer their clients liquidity management solutions, including short-term investments, the bank said in a Monday (Oct. 23) press release. LiquidityDirect, which handles nearly $15 trillion in annual transaction flow for over...
Finexio, a B2B accounts payable (AP) Payments-as-a-Service company, unveiled its NextGen platform, equipped with an artificial intelligence (AI)-powered supplier enablement framework. The NextGen B2B payments platform prioritizes user-centricity, Finexio said in a Monday (Oct. 23) press release. It offers a streamlined approach to managing payables...
America’s regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that saw banks like KeyCorp, Truist and Citizens Financial record double-digit declines in profit. For example, PNC is planning layoffs, while Citizens has said...
Expensify says it has made its first venture into the personal payments space with its new app. The firm says its new offering, announced Monday (Oct. 23), is an expansion of the company’s business expense management technology, designed for consumer payments. David Barrett, founder and CEO of Expensify, described...
Orders.co has unveiled artificial intelligence (AI)-powered online ordering and delivery tools for restaurants. “Designed with the needs of independent restaurants, growing chains and digital brand operators at the forefront, the new solutions promise to streamline operations and power efficient scale across platforms,” the company said...
Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent first-party fraud, the provider of digital identity verification and fraud solutions said in a Monday (Oct. 23) press release. First-party fraud...
