News

B2B Payments
B2B Platform Solv Kenya and Cellulant Offer Payment and Collection Services
November 16, 2022

Pan-African payments provider Cellulant and B2B digital platform Solv Kenya have partnered to enable small to medium-sized businesses (SMBs) to reconcile, receive and view all their payments in one place and while on the go.  With the partnership, SMBs using Solv Kenya’s platform can access...

Security & Fraud
FIs Embrace Biometric Payment Cards To Improve Security, Enhance User Experience
November 16, 2022

Last month, biometric payment cards that incorporate fingerprint scanners received a significant boost thanks to the publication of new specifications by EMVCo, the global card standards-setting body owned by Mastercard, Visa, American Express, Discover, JCB and UnionPay.  Among other things, the new EMV Contactless Kernel Specification is...

Regulation
UK’s Ofcom Calls for Social Media Algorithm Regulation
November 16, 2022

U.K communications regulator Ofcom is calling for better social media regulations amid concerns about the influence U.S.-based Big Tech firms have on news consumption in the U.K. “U.S. tech firms increasingly shape the news stories that people in the U.K. see and read […] leading...

Retail
Happy Returns Offers New Revenue Stream to Shopify Merchants
November 16, 2022

As retailers look to limit returns during the holiday shopping season, PayPal-owned Happy Returns has debuted a new returns-based revenue stream for Shopify merchants. Return Shopping is designed to “drive shoppers to merchants’ eCommerce storefronts within the return experience,” helping retain revenue without the accounting...

eCommerce
Cart.com Integrates FedEx Supply Chain Tech to Innovate Its Merchants
November 16, 2022

Merchants using Cart.com’s eCommerce tools will now be able to track the entire online retail process with its integration with FedEx Dataworks, a supply chain and data management platform. The partnership was announced in a Wednesday (Nov. 16) press release and will give Cart.com merchants...

B2B Payments
Wise Business Customers Get 1% Cashback on Purchases
November 16, 2022

U.K.-based money transfer company Wise launched a new cashback feature for Wise Business customers on Wednesday (Nov. 16) that will give them with 1% cashback on their card transactions. Wise Business is a multi-currency business account marketed at small- to medium-sized businesses that need to...

Regulation
House Financial Services Committee Announces December Hearing on FTX Collapse
November 16, 2022

The downfall of crypto trading platform FTX has triggered a worldwide regulatory investigation, and now the U.S. House Financial Services Committee is undertaking a bipartisan hearing on the matter in December. The committee will focus on the once-heralded exchange’s collapse and the broader consequences of...

Delivery
Stord Begins Last-Mile Delivery Solution Rollout
November 16, 2022

Cloud supply chain company Stord has begun rolling out a new last-mile delivery solution that chooses a carrier and service level that offers shippers the most efficient and cost-effective option to get a package where it needs to be by the expected delivery date. Rather...

Retail
Target Cautious on Q4 as Consumers’ Available Savings and Credit Dwindle
November 16, 2022

The country’s third largest retail chain warned investors that, despite unprecedented promotions aimed at reducing excess inventory, its critical holiday sales season would fall short of expectations. In speaking to investors about its third-quarter results, Target CEO Brian Cornell said the Minnesota-based retailer was bracing...