Nuvei has launched a blockchain-based payment solution for merchants across Latin America, saying it enables these businesses to make faster cross-border B2B payments and settlements. The new solution allows businesses to use a Visa-supported physical or virtual card to make payments using stablecoins from a digital...
America’s biggest retailers kicked off the holiday shopping season with record spending. However, the actual number of people shopping during the Thanksgiving-to-Cyber-Monday stretch declined slightly this year, according to data published Tuesday (Dec. 3) by the National Retail Federation (NRF). Still, the 197 million people who shopped this year...
Deutsche Bank CEO Christian Sewing said Wednesday that German businesses need less regulation, a more competitive corporate tax structure and greater certainty on energy prices. Speaking at a Financial Times (FT) global banking summit in London, Sewing said: “We clearly need certain structural reforms,” the...
British bank NatWest is launching a program to help scale the country’s FinTech startups. The lender’s FinTech Growth Program, announced Wednesday (Dec. 4), is designed to give fledgling companies the resources, networks and expertise of a large bank, with the hope that participants will help bolster NatWest’s innovation...
Wells Fargo is reportedly selling its San Francisco headquarters as its leadership heads east. The banking giant’s office in San Francisco’s Financial District could go up for sale as soon as this month, the Wall Street Journal (WSJ) reported Wednesday (Dec. 3), citing sources familiar...
Digital commerce is growing at a staggering pace. Online transactions have more than doubled over the past four years, placing a new urgency on ensuring seamless checkouts. For businesses, checkout is where revenue is won or lost. For customers, it’s where experience defines loyalty. Yet...
Major retailers worldwide are accelerating artificial intelligence (AI) deployment in stores and apps. Walmart Chile is rolling out AI-powered smart carts, while Thai supermarket chain Central Food Retail launched an AI shopping assistant called “Tops Chef Bot.” Meanwhile, a Bain & Company study found that...
Accounting/payroll technology firm Sage is rolling out its AI tool, Sage Copilot. Announced Tuesday (Dec. 3) for early adopters in the U.S. and U.K., Copilot is designed to help accounting and finance teams at small- to medium-sized businesses (SMBs) tackle daily challenges such as highlighting...
After three years of ownership, secondhand clothing marketplace ThredUp has sold Remix, its European reCommerce platform. The company announced the divestiture Tuesday (Dec. 3), the results of a management buyout led by Florin Filote, general manager of Remix. The deal sees ThredUp retaining a minority...
