News

International
Only 20% of Direct-to-Consumer Merchants Sell to APAC Consumers
November 17, 2022

Direct-to-consumer (D2C) businesses may not have much of a presence in the Asia Pacific (APAC) area, but with significant investments planned in the near future, D2Cs are poised to grow dramatically in the region even within the next year. For the PYMNTS study “The Emerging...

B2B Payments
Finzly Launches Treasury Management Platform for Global Banking
November 17, 2022

FinTech Finzly has released an advanced version of its treasury management platform that enables banks to offer their business, commercial and corporate clients global transaction banking features. The new Experience Hub can be added to existing digital banking platforms or offered as the primary digital...

International
Millions Committed to Green Tech, Circular Economy Initiatives as COP27 Ends
November 17, 2022

As world leaders prepare to wrap up negotiations at the COP27 climate summit in Egypt on Friday (Nov. 18), climate tech investment deals signed by participants mark some of the major successes of the nearly two-week event. For example, the European Investment Fund (EIF), a...

Retail
All Merchants Want This Holiday Season Is a Lower Cost of Returns 
November 17, 2022

With this year’s holiday season just around the corner, stores and brands are bracing themselves for a deluge of sales and returns — hoping to increase the former while mitigating the latter. As it is, returns are eating into retailer costs. In 2021 alone, shoppers...

Biometrics
Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
November 17, 2022

While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds and understated the delays caused by its processing of applications.  Those are among the findings of two Congressional committees that...

Mobile Commerce
WhatsApp Debuts Business Search Feature
November 17, 2022

Meta announced on Thursday (Nov. 17) that it has launched a new business search feature for WhatsApp that will allow users to search for businesses by name or category. The feature is live in Brazil, Indonesia, Mexico, Colombia and the U.K. with the latest WhatsApp...

Payment Methods
Flywire Teams With HDFC to Streamline Education Payments
November 17, 2022

Payments software company Flywire has teamed up with India’s HDFC Bank to help students in India pay education fees at institutions around the world. The companies said in a Thursday (Nov. 17) news release that the integration streamlines payments for students and families while also making...

Banking
BMO Teams With FISPAN to Simplify Business Banking
November 17, 2022

BMO has joined forces with FISPAN to offer the bank’s business clients direct access to everyday banking from their enterprise resource planning (ERP) or accounting system. “By integrating payments, reporting, and reconciliation with these systems, clients now have a simpler, more efficient way to perform...

Loyalty & Rewards
Kroger Says Grocery Price Anxiety Threatens Digital Adoption
November 17, 2022

With food prices up 15% from last year, grocers need to work harder to secure consumers’ digital engagement, new insights show, as signs of another inflation-related behavioral shift begin to emerge. In an interview with PYMNTS, Barbara Connors, vice president of commercial insights at 84.51°,...