News

Banking
JPMorgan On Track to Deliver $1 Billion in Value Through AI
May 22, 2023

For J.P. Morgan, and as evidenced at its investor day on Monday (May 22), a few things remain the same. CEO Jamie Dimon will remain at the helm and said during the annual confab that “my intensity remains the same.” And when asked the timeframe of how...

B2B Payments
Car IQ Enables Vehicle Payment Solutions at Sinclair Fuel Stations
May 22, 2023

Car IQ Pay can now be used at 1,600 Sinclair fuel stations in 30 states. This technology connects the vehicle directly to the fuel pump, allowing fleet customers to pay for fuel without having to use a credit card, PIN or vehicle odometer reading, Car IQ said in a...

Retail
Amazon’s New Seller Promotions Underscore Small Business Ecosystem Buildout 
May 22, 2023

Amazon’s evolution of its commerce ecosystem includes building brands for smaller businesses. The latest promotional activity is, we note, a snapshot effort tracing back to the launch of the company’s third-party marketplace at the beginning of the millennium.   And as detailed by the company in...

B2B Payments
Digital B2B Marketplaces Transform Historic Frictions Into Data-Driven Insights
May 22, 2023

The way businesses buy and sell to one another has historically been full of friction. At the center of it is how firms pay and get paid. Now, a shift in behavioral expectations is driving a steady digitization of B2B relationships, particularly across next-generation B2B...

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...