News

Loyalty & Rewards
Digital Coupons Boost Omnichannel Grocery Sales in Face of Inflation
November 24, 2022

As consumers look to get their food needs met in the face of sky-high inflation, digital coupons are proving essential for driving continued engagement. BJ’s Wholesale Club, for one, noted earlier this month on a call discussing the retailer’s third-quarter financial results that “digitally enabled”...

Retail
Small Business Saturday to Test SMB Mettle and Margins
November 24, 2022

Wedged between Black Friday (Nov. 25) and Cyber Monday (Nov. 28), the 12-year-old holiday paying homage to the nation’s small businesses was first conceived by American Express in 2010 and then co-sponsored by the Small Business Administration (SBA) in 2011. After two Christmases and nearly...

Payment Methods
Nonprofits Say ‘Thanks For Giving’ as Next Gen Payments Power Contributions
November 24, 2022

By many accounts, we’re living during a golden age of philanthropy and charitable giving. Urged on by Bill Gates and Warren Buffet, 236 of the world’s wealthiest individuals have agreed to dedicate around $600 billion of their total wealth to charitable causes as part of...

Fintech Investments
Strengthening Relations Help Bolster Israel-UAE FinTech Collaboration
November 24, 2022

It’s been two years since a U.S.-brokered deal that normalized diplomatic relations between Israel and the United Arab Emirates (UAE) in 2020, leading to the opening of embassies in Abu Dhabi and Tel Aviv and launching a new era of bilateral cooperation in areas including...

Retail
Global Markets Put a Local Spin on Black Friday Sales
November 24, 2022

On the international stage, Thanksgiving is up there with baseball and the star-spangled banner as among the most instantly recognizable emblems of Americana by which the world identifies the United States. Yet the majority of consumers in Europe, the Middle East and Africa (EMEA) will...

Retail
US Retailers Increase In-Store Security Measures
November 23, 2022

Facing brazen and widely reported thefts, retailers are deploying a variety of new deterrents while also balancing these measures with the need to maintain an inviting shopping environment for consumers.  The deterrents include installing surveillance systems, putting more items behind glass, using steel cables to...

Regulation
UK Finance Ministry Nixes Veto Proposal Over Regulators
November 23, 2022

A proposal that would have allowed Britain’s finance ministry to overturn decisions made by financial regulators has been removed from a bill that is now moving through Parliament.  This “intervention power” had been proposed in October by U.K. financial services minister Andrew Griffith but was...

Investments
SaaS Startup Taktile Nets $20M to Expand FinTech Services
November 23, 2022

Software-as-a-service (SaaS) startup Taktile has raised $20 million in Series A funding to grow its platform that helps insurance companies, lenders and others in the financial industry make automated decisions.  The firm will use the new capital to further develop the capabilities of its product...

Regulation
Stricter Nonbank Oversight Stokes Fears of FinTech Winnowing
November 23, 2022

Even though nonbanks are just what the name implies, in the eyes of regulators, some say it might be easier to treat them as if they were. For FinTechs, that approach may have a bit of a dampening effect on efforts to offer banking and...