In an era where flawless transactions are critical for customer loyalty, merchants are adopting payment vaulting not just for security, but as a strategic tool to enhance retention, reduce costs and personalize service. A PYMNTS Intelligence report, “Into the Vault: Optimizing Payments,” created in collaboration...
As businesses continue to seek ways to improve customer experiences and drive operational efficiency, one strategy that is gaining traction is the use of item-level receipt data, which provides detailed information about individual purchases. In “Meeting the Need for Item-Level Receipt Data: Why Data Infrastructure...
Global trade has reportedly experienced a significant decline in recent months, with trade volumes falling at the fastest pace since the pandemic began. The slowdown in global trade can be attributed to various factors, including rising inflation, higher interest rates and a shift in consumer...
Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Already established in South Africa, and approved by the Financial Conduct Authority (FCA) in the U.K., the service can now add safety and reliability to transactions between the U.K. and South Africa, Truzo...
The United Kingdom government on Thursday (Oct. 13) passed the Electronic Trade Documents Bill in parliament, ending the legal requirement for certain business documents, such as bills of exchange, promissory notes, warehouse receipts, and marine and cargo insurance certificates, to be printed on paper. Learn...
Online marketplaces are among the defining features of contemporary eCommerce, which has been shaped by the likes of global heavyweights such as Amazon and eBay. But just as direct-to-consumer retail has been transformed by the marketplace model, the world of wholesale and commercial trade has...
When businesses go global, they are often exposed to new risks such as exposure to cybercriminals seeking to exploit their lack of familiarity with the idiosyncrasies of regional payments processes. Key tasks like as ensuring that payment sources and payment recipients are legitimate can be...
As the world faces multiple instances of business disruption and marketplace uncertainty, small- to medium-sized businesses (SMBs) may be at even greater risk of financial harm than larger businesses when payments are late or difficult to manage. The digital modernization of payments was once thought...
As food prices rise, the cost of food waste for grocers — a significant issue in the best of times — becomes an all-the-more pressing matter. Pittsburgh-based grocer Giant Eagle, for one, which has more than 470 stores across five U.S. states, is monetizing its...
