FIS Global posted second-quarter earnings results ahead of its pending sale of a stake in Worldpay that showed increasing demand from banks to digitize their services and capture accounts. The company’s earnings materials detailed that Banking and Capital Markets posted 2% organic revenue growth tied...
Both the value and the volume of European initial public offerings (IPOs) have dropped to their lowest level in 14 years. Companies raised 2.4 billion euros (about $2.6 billion) through stock market listings in the first half of the year, with the number of public...
Pinterest reported 8% growth in monthly active users (MAUs), reaching 465 million. Although this growth rate was similar to the previous quarter, the company noted that users were spending more time on the platform, thanks in part to improved post and ad recommendations made possible...
Amazon is reportedly overhauling its grocery operations to compete on that front with rival Walmart. Changes on tap include updated stores, a warehouse automation pilot and offering fresh food delivery to non-Prime members, Bloomberg News reported Wednesday (Aug. 2). Meanwhile, Amazon will also merge its eCommerce grocery offerings — Whole...
Pinterest says its efforts to become a shopping destination are bearing fruit. While releasing its earnings Tuesday (Aug. 1), the social media platform said click rates and saves on posts linked to shoppable items rose 50%, exceeding its first quarter’s growth rate. Whether people would...
Banking in the cloud might have once been a nice-to-have, but over time has become critical to enabling the changes that banks are trying to enact across the payments landscape. But despite the value financial institutions (FIs) can capture through cloud migration, moving and outsourcing...
The digital, connected economy knows no borders. The movement of money, however, is increasingly aware of them. Whether a company is already transacting internationally, or looking to enter a new market, the realities of cross-border payments can add layers of complexity to businesses’ commercial opportunities...
To eliminate paper checks and manual payment processes, you need to look for them first. But once you see them, you’ll find them everywhere. That’s why observers believe the B2B and trade finance sectors are especially ripe for digitization, because they are collectively knee deep...
Riskified has integrated its fraud prevention and risk management solutions with commercetools’ eCommerce platform. The integration allows merchants using commercetools to combat payment fraud while ensuring a frictionless customer experience, the companies said in a Tuesday (Aug. 1) press release. “Merchants should never have to choose between stopping fraud...
