News

B2B Payments
Meadow Lark Partners With OTR Solutions on Carrier Payment Systems
July 07, 2023

Meadow Lark Agency has partnered with OTR Solutions on carrier payment systems. The strategic partnership will allow OTR Solutions’ back-office services to support Meadow Lark’s carrier payment process, giving Meadow Lark carriers access to favorable terms, the companies said in a Friday (July 7) press release. “This carefully curated partnership...

Regulation
Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
July 07, 2023

The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage of loopholes that allowed them to avoid some requirements of the act, the White House said in a Friday (July...

Artificial Intelligence
Moving Past the Shiny Newness of Generative AI
July 07, 2023

Generative AI is increasingly popular, but business leaders looking to stay in front of the wave will need to pay attention to avoiding being run over by it.

B2B Payments
Amex Says Too Much Liquidity Trapped in Existing B2B Payments Process
July 07, 2023

On paper, B2B payments are ripe for digitization. The only problem is that so many B2B payments remain, ironically, stuck on actual paper. It’s the 21st century, after all. Yet around 4 in 10 B2B payments made in the U.S. rely on paper checks and...

Fintech Investments
FinTech IPO Index Slips 1% as Affirm Sinks on Analyst Downgrade
July 07, 2023

The job numbers came in hot. The Fed looks set to raise rates. And the interest rate-sensitive names in the FinTech IPO Index took a bit of a hit. In a holiday-shortened trading week, the index limped into Friday down a bit more than 1%,...

Retail
Amazon, Walmart Dangle Free Subscriptions to Boost July Savings Days Sales
July 07, 2023

Hooking consumers with the privileges of subscription membership is worth offering trial giveaways for Amazon and Walmart. Ahead of July’s savings extravaganza, Amazon and Walmart are increasing free subscriptions or trial offers for their membership programs, Amazon Prime and Walmart+. With the intent of luring...

eCommerce
More Online Grocery Customers Now Opt for Curbside Pickup Instead of Delivery
July 06, 2023

When it comes to online grocery, consumers are more willing to hop in their cars and pick up their orders than wait around (and/or pay the extra price) for delivery. For the study “12 Months of the ConnectedEconomy™: 33,000 Consumers on Digital’s Role in Their...

eCommerce
Affirm Sunsets Returnly and Directs Merchants Use Loop
July 06, 2023

Affirm is sunsetting Returnly and transitioning the merchants using that platform to Loop. Returnly, which was acquired by buy now, pay later (BNPL) provider Affirm in 2021 and offers shoppers a self-service online returns experience, will be closed by early October, Affirm said in a Thursday (July 6) blog...

Social Commerce
Influencer Aggregator LTK Helps Creators Connect Consumers With Deals
July 06, 2023

Influencer marketing platform LTK has made it easier for creators to share deal opportunities with their fans. “As shoppers continue to find ways to shop smarter, the new Deals tab automatically pulls in product deals and sales curated by hundreds of thousands of LTK Creators to help...