Payments platform Airwallex has launched a partnership with eCommerce platform Woo. The collaboration makes Airwallex an official payment extension of Woo, letting the platform’s 3.5 million stores accept cross-border payments via cards, digital wallets and local payment methods within minutes, the companies said in Wednesday (Dec. 13) press release. “Cross-border...
The European Union’s Artificial Intelligence Act officially reached provisional status Friday (Dec. 8). It took three days and 36 hours of political back-and-forth, but the 27-member nation bloc agreed on world-leading rules for policing the technical innovation that is generative AI. Now comes the hard...
Procurement tool provider Pivot has secured 20 million euros (about $21.6 million) in Series A funding. This funding round comes six months after the firm’s creation and two months after its 5 million euro (about $5.4 million) pre-seed round, Pivot said in a Wednesday (Dec....
Real-time payments have the potential, and the promise, to overhaul all corners of commerce. The recent introduction of the FedNow® System is only the latest entrant in the instant payments realm, and the new rails take their place alongside the six-year-old RTP System offered by...
Visa and Mastercard are under pressure to cap cross-border merchant fees in the U.K. The Payment Systems Regulator (PSR) on Wednesday (Dec. 13) published an update to its review of cross-border interchange fees on transactions between U.K. businesses and the European Economic Area (EEA) and is proposing a cap to protect merchants...
Although consumers are making purchases, the reluctance to spend remains prevalent. As such, brands and retailers are trying new ways to entice consumers to shop while also offering methods to facilitate refunds. The most recent approach involves the utilization of Flexible Spending Accounts (FSAs). While...
The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce. James Mirfin, Visa’s global head of risk and identity solutions, told PYMNTS that fraudsters are perking up to tokenization’s potential to...
FinTech company Upgrade has launched a secured version of its Upgrade OneCard. The new Secured OneCard is designed for consumers who have little or no credit history, the company said in a Wednesday (Dec. 13) press release emailed to PYMNTS. “We believe Secured OneCard is...
Online marketplace eBay is rolling out a limited-time mobile consignment concierge that will promote the selling experience offered by the recently launched eBay consignment service. A branded bus called the Luxe Line will visit locations in Los Angeles and Las Vegas, offering people a physical place...
