News

Payment Methods
REPAY Partners With Green Dot to Enable Cash Bill Payments
December 14, 2023

REPAY has partnered with Green Dot to enable REPAY’s business clients to accept cash bill payments. With this collaboration, the customers of REPAY’s clients will be able to pay bills with cash in person at more than 45,000 retail locations that are members of the...

Social Commerce
How Brands and Retailers Can Make the Most Out of Pinterest’s Predictions
December 14, 2023

Navigating the rapid trend cycle can be challenging, but add a dose of inflation and it gets even harder — making it so much harder for brands and retailers to predict the next big consumer craze.   Nonetheless, Pinterest has potentially streamlined this process by introducing...

Payment Methods
Changing Consumer Expectations Force Executives to Confront ‘Fear’ of Digital Transformation 
December 14, 2023

Ed O’Donnell, CEO of Versatile Credit, said the benefits of digital transformation are well known. “Everyone, especially in this part of the business cycle,” he told Webster, “is looking to make sure that their capital is being deployed in an efficient manner.”   That means taking...

Retail
Luxury Spending Continues to Slow Amid Geopolitical Uncertainty and Inflation
December 13, 2023

A slowdown in luxury spending, combined with excessive inventory levels for the holiday season, has reportedly prompted fears of a discounting spiral that could cheapen the image of luxury brands. Credit card data from both Barclays and Citi reveals a decline in luxury spending in November, Reuters reported Wednesday (Dec. 13)....

Artificial Intelligence
Relex Introduces AI-Driven Price Optimization for Retailers
December 13, 2023

Retail planning solutions firm Relex debuted artificial intelligence-driven price optimization capabilities. “Designed to empower retailers in setting pricing rules, optimizing pricing strategies, and making informed pricing decisions, this solution aims to bolster sales, margins and competitive advantage,” the Finnish company said in a Wednesday (Dec....

Regulation
Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
December 13, 2023

Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As reported Wednesday (Dec. 13), the U.K.’s Payment Systems Regulator (PSR) said in its review of cross-border interchange fees on transactions...

Artificial Intelligence
Mistral AI Partners With Google Cloud to Distribute AI Solutions
December 13, 2023

Mistral AI, a European provider of artificial intelligence solutions, partnered with Google Cloud to make generative AI more open and accessible to developers and businesses worldwide. The collaboration uses Google Cloud’s AI-optimized infrastructure to distribute and commercialize Mistral AI’s large language models (LLMs), allowing for...

Cross-border Payments
MyFinity Partners With Convera to Increase Global Coverage
December 13, 2023

MiFinity has partnered with Convera to increase the country coverage of its PayAnyBank (PAB) service. The integration of Convera’s B2B cross-border payments capabilities into MiFinity’s PAB service furthers MiFinity’s commitment to providing cross-border payment solutions to its global customer base, the company said in a Tuesday (Dec. 12) press...

Retail
Kroger, GE Launch In-Oven Shopping as Grocers Tap Contextual Commerce
December 13, 2023

As grocers increasingly tap contextual commerce, Kroger is making it possible for consumers to place orders for ingredients directly from their ovens’ touchscreens. GE Appliances announced Wednesday (Dec. 13) a collaboration with the grocer, introducing a new feature for select Wi-Fi-connected wall ovens and ranges...