News

Social Commerce
Instagram Tries Out ‘Reshare’ Button To Boost Engagement
July 14, 2021

Instagram is testing a new feature that will let users promote other people’s content by allowing account holders to add a “reshare” button on top of their stories, posts and videos, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

Partnerships / Acquisitions
Amazon Acquires Facebook Satellite Internet Team For Project Kuiper
July 14, 2021

Amazon took another major step toward the completion of Project Kuiper, its effort to provide internet access via satellite, by acquiring a team of more than a dozen Facebook employees based in Los Angeles in April to work on the initiative. Get the Full Story...

Retail
Today In Retail: Swirl Rolls Out Jewelry Shopping Pilot With GIVA; Walmart Looks To Revamp...
July 14, 2021

In today’s top retail news, Swirl is launching a pilot with GIVA, while Walmart is teaming with robotics and automation firm Symbotic to reimagine its regional distribution network. Plus, large retail brands such as Dollar General can’t hire quickly enough. Get the Full Story Complete...

Artificial Intelligence
As Chatbots Turn 50, Their Use And Development Is Still Growing
July 14, 2021

Chatbots have come a long way from the early versions back in the 1960s — yes, the 1960s — such as ELIZA, who imitated a psychotherapist through pattern matching and response selection technology. Today, for people who want their questions answered quickly, the lowly chatbot...

Regulation
German Competition Watchdog Tells EU To Broaden Draft Tech Regs
July 14, 2021

The German competition watchdog has advised pumping up draft regulations crafted by the European Union (EU), Financial Times (FT) reported Wednesday (July 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
RBI Tells Mastercard To Stop Onboarding New Card Customers In India
July 14, 2021

The Reserve Bank of India (RBI), India’s central bank, has announced that Mastercard Asia / Pacific Pte. Ltd. (Mastercard) will not be allowed to bring new domestic debit card, credit card or prepaid card customers onto its network starting July 22, 2021 due to non-compliance...

Fintech Investments
Railsbank Nets $70M To Expand Embedded Finance Platform
July 14, 2021

Railsbank has raised $70 million as it continues to grow its Fintech-as-a-Service platform on a global scale, the open banking platform announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Loyalty & Rewards
Data Brief: Nearly 50 Pct Of Budget-Minded Consumers Rely On Restaurant Rewards
July 14, 2021

According to the July edition of Delivering on Restaurant Rewards, a PYMNTS and Paytronix collaboration, recent research “shows that there are 81 million consumers in the U.S. who are currently part of at least one restaurant’s loyalty program and 78 million who have seen their...

Social Commerce
Facebook Pay Available Off Facebook, Starting With Shopify In August
July 14, 2021

The cozy and consolidated universe of payment and digital wallet providers got a little less comfortable on Wednesday (July 14) after social media giant Facebook announced that its Facebook Pay service will, for the first time, be available off of its own platform, starting with...