News

Payment Methods
Venmo Debuts Digital Account and Debit Card Aimed at Teens
May 22, 2023

The quest to tap into teen spending took a step forward with the launch of the Venmo Teen Account, which also comes with a Venmo Teen Debit Card. The new Venmo Teen Account gives “parents and legal guardians the ability to open a Venmo account for...

Cross-border Payments
ACI Worldwide Launches New Solution for Low-Value Cross-Border Payments
May 22, 2023

ACI Worldwide has launched a new solution for sending low-value cross-border, real-time payments. The provider of real-time payments software has added Swift Go to its cross-border payments offering, enabling financial institutions to allow consumers and small- to medium-sized businesses (SMBs) to send cross-border payments directly from their bank account, ACI...

Security & Fraud
China Cracks Down on AI Amid Rise in Deepfake Scams
May 22, 2023

China has reportedly heightened scrutiny of “deepfake” tech amid a rise in artificial intelligence (AI)-driven fraud. Worries about the potential for AI to assist in financial crimes have grown following a case in which a man was scammed into giving money to a fraudster posing...

Retail
Express Partners With Rachel Zoe to Elevate Style Editor Program and Boost Online Sales 
May 22, 2023

In a proactive move to amplify online sales, Express is leaning on its affiliate program and Rachel Zoe, a global fashion authority, to enhance its Style Editor program. This collaboration aims to foster personalized relevance and cater to individual preferences.  The move comes as Express...

Retail
Jewelers Are Making Financing as Personal as Their Creations
May 22, 2023

Unlike Tiffany’s or Cartier, Daniel’s Jewelers  has recognized the importance of financing in making jewelry accessible to its customers. “We understand that not everyone may have the immediate means to afford their desired ring or piece of jewelry in full. Therefore, financing has been ingrained...

Retail
D2C Rug Seller Ernesta Expands eCommerce Offering
May 22, 2023

Direct-to-consumer (D2C) custom rug company Ernesta has opened its eCommerce site to more customers. The company’s beta program, announced last week, follows an earlier invite-only phase, said Ernesta CEO John Foley, who founded the business with two of his former Peloton colleagues, Hisao Kushi and...

Payments Innovation
Millennials Will Use Their Bank Accounts to Pay Merchants If It Comes With Rewards
May 22, 2023

Consistency and ease of use have made online bank transfers popular for paying recurring bills. However, one-quarter of consumers who tried online bank transfers, also known as pay by bank transfer, for the first time in the last year did so for a particular reason:...

Retail
Car Dealers See Inventory Levels Ramp Back Up
May 21, 2023

The days of empty car dealer lots could be coming to an end. Easing supply chain constraints and steady production has increased vehicle availability, The Wall Street Journal (WSJ) reported Saturday (May 20), with some brands — Buick and Jeep among them — already seeing...

Retail
Walmart Expands Alcohol Delivery as Spirits Sector Toasts a Summer of Home Mixology
May 20, 2023

Come on party people, throw your hands in the air. It’s bottoms up on alcohol delivery for the summer 2023 season, and some big names are mixing at the nationwide cocktail hour. Some of us take a more dignified approach, sipping a Dalmore ‘62 while...