News

Payments Innovation
Dynamic Routing Boosts Merchant Conversion Rates and Customer Loyalty
August 14, 2023

Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS in an interview that in the age of digital commerce, dynamic routing can be key to customers’ loyalty to merchants. And to get there, it helps to differentiate payments orchestration from payments optimization....

Social Commerce
Report: ByteDance Seems to Be Mixing TikTok With Lemon8
August 13, 2023

TikTok is apparently attempting to integrate with Lemon8, its sister social media platform. That’s according to a report Friday (Aug. 11) by TechCrunch, citing information by product intelligence company Watchful.ai. The collaboration appears to involve TikTok creating a feature that lets users sync Lemon8 posts to TikTok, and...

Payment Methods
Amazon’s Palm Payment System Aims to Challenge Apple and Google
August 13, 2023

Is Amazon’s palm payments method a serious challenger to Apple and Google? Or is it a “solution in search of a problem?” A report Friday (Aug. 11) by The Wall Street Journal (WSJ) examines those questions as Amazon prepares to launch its Amazon One palm scanning payment method at more than...

Retail
McDonald’s, Domino’s Launch Merch Collections, Will You Bite?
August 12, 2023

Food meets apparel. It’s an interesting twist that many restaurants, specifically quick-service-restaurants (QSRs), have pursued in a bid to diversify their offerings, tapping into a wider audience and expanding their reach. QSRs are looking to engage customers beyond their dining tables or screens, and fashion...

B2B Payments
Business Travel Looks to Take Flight With Cloud Benefits
August 11, 2023

It has been a failure to launch for business travel coming out of the pandemic. The year 2019 is still the one to beat from a profit and volume standpoint, but many airlines and third-party firms are debuting a new strategy to spur growth: targeting...

Payment Methods
Ripple Joins BIS Task Force for Cross-Border Payments
August 11, 2023

Enterprise blockchain and crypto solutions provider Ripple is among the members of a cross-border payments task force recently formed by the Bank for International Settlements (BIS). As part of the cross-border payments interoperability and extension task force, Ripple will work with other organizations, including Mastercard and SWIFT, in fulfilling BIS’ goal to “enhance cross-border...

Investments
Hive AI Seeks to Raise $200 Million at $4 Billion Valuation
August 11, 2023

Hive AI, a San Francisco-based software company that uses artificial intelligence (AI) to moderate digital content, is reportedly working to raise $200 million in a funding round, with a valuation of up to $4 billion. The funding round comes two years after Hive was valued...

Retail
Merchants Push for New Laws to Combat Organized Retail Theft
August 11, 2023

Retailers and trade associations across the country are pushing for state and federal laws to impose harsher penalties for those engaging in organized retail crime. Since 2022, at least nine states have passed laws to do just that, six of which have occurred this year,...

Delivery
Uber Eats Expands Alcohol Selection to Boost New Verticals’ Margins
August 11, 2023

As aggregators seek to embed their offerings more deeply in consumers’ day-to-day routines, Uber is tapping Hy-Vee’s alcoholic beverage selection to drive adoption of its non-restaurant verticals while boosting basket size. On Friday (Aug. 11), the mobility and delivery company announced that Uber Eats is...