News

B2B Payments
Sovos Enhances Partner Network Amid Demand for Tax Compliance Services
April 15, 2024

Compliance company Sovos has enhanced its Sovos Partner Network program to make it easier for partners to access new opportunities in technology, revenue and marketing. The program centers on the Sovos Compliance Cloud, which is a platform for tax compliance and regulatory reporting, the firm...

Security & Fraud
FinCEN Warns Banks to Watch for Passport Card Fraud
April 15, 2024

Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department of State’s Diplomatic Security Service (DSS) issued a notice to financial institutions Monday (April 15), urging them to be on the lookout for suspicious...

Security & Fraud
Third-Party Vendors Emerge as Data Security Threat
April 15, 2024

In today’s digitized operating environment, a business is only as good as its cyber defenses. And with Change Healthcare reportedly facing a new ransomware attack following an earlier massive breach in February, while Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by...

Payment Methods
Bank of England Seeks Input on Retail, Wholesale Payments Technology
April 15, 2024

The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the use of stablecoins for retail payments, “we are increasingly complementing that work with a focus...

B2B Payments
Paystand Integrates B2B Payments With Microsoft Dynamics 365 Business Central
April 15, 2024

Paystand has brought full payments integration to Microsoft Dynamics 365 Business Central. The B2B receivables, payables and payments network will also support Microsoft’s Dynamics NAV, Dynamics GP, Dynamics AX and Dynamics 365 Finance, Paystand said in a Monday (April 15) press release. With this integration,...

Retail
Retail Personalization Is About More Than Just Sending Offers
April 15, 2024

As merchants look to set their offerings apart to win shoppers’ loyalty, personalization is key. That means more than just using artificial intelligence (AI) to calculate the right targeted promotion — consumers are looking for emotional connection.  Personalization is becoming table stakes for retailers. The...

IPO
Zopa CEO Doubts UK FinTechs Will Go Public This Year
April 15, 2024

British digital bank Zopa is profitable and getting closer to going public.  But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company was ready for an initial public offering (IPO), the London markets might feel differently. “I’d be surprised if there are U.K. FinTech...

Retail
Gopuff Goes D2C as on-Demand Delivery Firms Seek New Revenue Streams
April 15, 2024

As on-demand delivery firms look for new revenue streams to boost profitability, Gopuff has unveiled a new B2B offering for direct-to-consumer (D2C) delivery. The quick-commerce company announced Monday (April 15) via emailed press release the launch of Powered by Gopuff, a logistics and technology offering for brands...

Digital Banking
Revolut Investor Says FinTech’s Value Has Jumped 45%
April 15, 2024

A Revolut investor reportedly believes the FinTech’s value has climbed 45% since last year. An investment trust overseen by Schroders has upped its stake in the British company, from 7.88 million pounds ($9.75 million) as of Dec. 31, from 5.44 million pounds ($6.75 million) a year earlier, Bloomberg News reported Monday...