News

Security & Fraud
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
September 22, 2022

Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot harder to buy and sell NFTs. Citing examples of criminals using the sale of the popular nonfungible tokens that hold...

Retail
Kroger Boosts eCommerce Efforts; DoorDash Drives Sales With DoubleDash
September 22, 2022

Kroger, the United States’ leading pure-play grocer, is making several moves to boost its competitive position in eCommerce across grocery and prepared meal categories. In an effort to improve the curbside pickup labor economics, the company is testing out Trace Grocery electronic carts created by...

B2B Payments
CommentSold Adds POS Built on Stripe to Handle Omnichannel Payments
September 22, 2022

Live video commerce solution CommentSold has added a point-of-sale (POS) system built on financial infrastructure platform Stripe to its suite of solutions for retail businesses.  CommentSold is deploying the in-person payments solution Stripe Terminal in order to power its POS system, help online merchants augment...

B2B Payments
37% of FIs Still Struggling to Solve SMBs’ Cross-Border Payment Woes
September 22, 2022

Financial institutions (FIs) are struggling to give small- to medium-sized businesses (SMBs) the same level of service they offer to larger companies.  In fact, 37% of FI executives said their digital payment solutions are only slightly or not at all effective in addressing the B2B...

B2B Payments
ShipStation, Coupang Partner to Help Merchants Enter S. Korean Market
September 22, 2022

Cloud-based eCommerce shipping solution ShipStation has partnered with South Korean online retailer Coupang to make it easier for businesses to enter new markets with efficient cross-border fulfillment.  With the partnership, ShipStation has become the first U.S. shipping partner to integrate with Coupang, enabling the shipping...

B2B Payments
Special Events Platform Carats & Cake Raises $10.6M
September 22, 2022

Carats & Cake, a financial operating system for the events industry, has raised $10.6 million in Series A funding. “With this latest financing, we plan to thoughtfully build out our product, engineering, and sales teams as we continue to support properties with purpose-built tools,” founder...

Retail
Retailers Sharpen in-House Ads to Bring Fresh Revenue, Better Brand Service
September 22, 2022

In some ways, a new ad platform launched today (Sept. 22) by alcohol eCommerce site Drizly is the retail industry equivalent of a dating service. Like many of its peers and rivals, the Drizly Ads suite of products is using sales data and analytics to introduce brands to customers in hopes that they hit it...

Regulation
Lithuanian Watchdog Launches Probe Into Revolut Data Breach
September 22, 2022

Digital bank Revolut is being investigated by a regulator in Lithuania following a data breach earlier this month that exposed sensitive information on 50,150 customers, including those in the European Economic Area (EEA). The State Data Protection Inspectorate (SDPI) opened an investigation after being alerted...

Retail
Target to Launch Early Holiday Deals, Hire 100K Workers
September 22, 2022

The holiday shopping season is starting Oct. 6-8 at Target, as one of the largest retail chains in the United States launches a Deals Day event with thousands of select items discounted for that window of time only. Target is also planning to hire as...