News

Security & Fraud
GIACT and Mastercard Team to Provide Secure Account Verification
March 07, 2023

Mastercard and GIACT have joined forces to offer customers secure account verification. The partnership expands on GIACT digital identity and fraud solutions to allow “businesses to use a multi-method approach to verify account information for over 95% of U.S. deposit accounts,” the company announced Tuesday...

Retail
Lowe’s Invites Applications for Live Product Sourcing Event
March 07, 2023

Lowe’s is inviting businesses to apply for an opportunity to pitch their products in person. The 1,700-store home improvement company will hold its second live product sourcing event June 13 at the Lowe’s Tech Hub in Charlotte, North Carolina, and invites interested potential suppliers to...

Digital Banking
FinTech Pismo Debuts Digital Lending Service
March 07, 2023

Brazil’s Pismo has debuted a lending tool to respond to increased demand for digital banking. “Financial institutions have become used to selecting from a series of ‘Lending-in-a-Box’ solutions, which must be inserted into their existing infrastructure,” Faisal Khan, the FinTech’s head of lending, said in...

Investments
Cybersecurity Company Deep Instinct Gets Backing From PayPal Ventures
March 07, 2023

Cybersecurity company Deep Instinct has added PayPal Ventures to its existing investor base. The new funding will help Deep Instinct accelerate the growth of the company and its threat prevention technology powered by deep learning, according to a Tuesday (March 7) press release. “We are...

Retail
Transact Campus and Amazon Team on Faster Checkout for College Students
March 07, 2023

Transact Campus and Amazon have teamed up to create convenient shopping experiences for college students. With this collaboration, Transact Campus’ mobile credential and payment solutions will be integrated with Amazon’s Just Walk Out technology, Transact Campus said in a Tuesday (March 7) press release. “Together,...

Payment Methods
Consumers Want Simplified and Secure Bill Pay Experience
March 07, 2023

No matter the demographics, no matter the income level, no matter where we live, there’s one universal: We all pay bills. Several of them a month. And when it comes to paying those bills online, the interest is there — but there are some concerns...

Investments
Matterwave Raises $79 Million for EU Sustainability Projects
March 07, 2023

Venture capital firm Matterwave has launched a $79 million fund aimed at European sustainability projects. The fund, announced in a Tuesday (March 7) news release, comes as Europe’s industrial base is facing critical challenges, including energy dependency, raw material dependency, and supply chain issues, all...

eCommerce
Zalando Aims to Grow by Deepening Relationships With Customers
March 07, 2023

Zalando aims to keep growing even as the economic backdrop remains challenging. Over the past year, the online platform serving the fashion and lifestyle market in Europe has grown its number of active customers by 6% to 51 million and doubled the number of members...

Retail
Grocers Woo Persuadable Customers With Private-Label Deals
March 07, 2023

As grocers seek higher margins and more shopper loyalty, many are turning to private label. PYMNTS research reveals that, while many shoppers have already switched to the lowest-priced brands, and while some will not trade down from their favorites no matter how good the deals...