News

Digital Banking
Process Orchestration Helps Legacy Banks Take Giant Digital Leap
August 09, 2022

Never has the idea of “legacy” taken such a pasting as during the pandemic’s digital shift, but banking is a legacy business. Or rather, it was. That’s changing at the speed of digital as platforms enable legacy banking systems to become digital product innovation engines....

Merchant Innovation
Merchants Fine Tune Checkout Experience to Drive Incremental Gains and Profits
August 09, 2022

When it comes to trends shaping commerce in 2022, the innovators are at it again. This time, they’re looking for ways for merchants to turn payments from a cost center into a revenue driver. That may sound like a stretch, but as Checkout.com’s director of...

eCommerce
Thriving Middle East Trade Breeds New Business Marketplace Opportunities
August 09, 2022

Like any other part of the world, there’s been a rapid adoption of digital services in the Middle East and North Africa (MENA) region, where the value of cross-border trade between the Middle East and the rest of the world is estimated at $1 trillion....

B2B Payments
FinTechs Stare Down Fleet Management’s Frictions
August 08, 2022

For a business that preaches the need for speed, the trucking business seems to run into processes with the potential to keep trucks idling at every turn. Handling expenses for cost drivers incur on the road alone is a daunting task for any finance team...

Security & Fraud
Digital Authentication Firm Twilio Says Hackers Accessed Customer Data
August 08, 2022

Digital authentication company Twilio said some employees and customers were victims of a hack, a Bloomberg report said Monday (Aug. 8). The hackers tricked employees into giving up their passwords. The report said attackers targeted Twilio employees with fake texts, which said the staffers’ password...

eCommerce
Shopify Sees Merchant Exodus Amid Decline in Consumer Spending
August 08, 2022

Businesses dealing with high costs and a decline in consumer spending have begun to move away from eCommerce platform Shopify. As Reuters reported Monday (Aug. 8), Shopify added 71,000 net merchants in the first half of the year, according to YipitData’s research shared with the...

Regulation
Former Federal Prosecutor: Crypto Regulation Bill ‘Still Pretty Vague’
August 08, 2022

Former federal prosecutor Grant Fondo has said legislation that aims to provide clarity on which U.S. agency should be in charge of crypto regulation isn’t getting the job done yet. Fondo, who at one time was a prosecutor for the Northern District of California, said...

B2B Payments
Today in B2B Payments: Walmart Acquires Volt Systems to Help Suppliers with Merchandising; AvidXchange Launches...
August 08, 2022

Today in B2B payments, Walmart is set to acquire tech company Volt Systems to give suppliers greater visibility into merchandising resources, and AvidXchange launches a new accounts payable (AP) solution for the construction industry.  Walmart to Acquire Volt Systems, Bolster Supply Management  Walmart is set...

Investments
Indian Wealth Management Firm Dezerv Raises $21M
August 08, 2022

India-based wealth management startup Dezerv has raised $21 million in a financing round led by Accel. As the Economic Times reported Monday (Aug. 8), the company hopes to use the funding to strengthen its user experience, launch new investment opportunities and expand its talent pool....