As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential of speed and lower costs demands interoperability. Regulations and frameworks are still emerging, and there are a number of private...
Singapore-based digital travel platform Agoda expanded its partnership with Mastercard to enhance B2B payments within the travel and tourism industry. The collaboration aims to address the increasing digitalization of the sector and streamline transactions between digital travel platforms, hotels, airlines, suppliers and vendors globally, the companies said in...
CCC Intelligent Solutions has unveiled a tool it says lets collision repair shops launch websites. CCC Amplify, announced Monday (Oct. 30) by the property and casualty insurance and repair cloud platform, allows repair shops to build and debut websites in minutes, while also making those sites easier to...
Several months back, Bed Bath & Beyond was not on anyone’s radar as a player in the 2023 holiday season. However, Overstock.com’s acquisition of the once-struggling retailer, which had gained favor among meme stock enthusiasts, is not just preserving its importance but also serving as...
President Joe Biden issued an executive order aimed at safe artificial intelligence (AI) development. High on the list of Biden’s requirements for AI companies issued Monday (Oct. 30) is a rule saying that the developers “of the most powerful AI systems” share their safety test...
Institutional inertia is real, and it’s holding some incumbent businesses back while digital upstarts flourish. This situation is particularly acute for financial institutions (FIs) that find themselves facing an ever-shifting ecosystem full of FinTechs, Banking-as-a-Service providers, and more 21st century competitors crowding what used to...
Creators wield significant influence in commerce — when they recommend products, they inspire and shape their followers’ choices. But the journey from inspiration to purchase is often encumbered by multiple steps like social media scrolling, product searching, link hunting, and price comparisons. This can discourage...
The Federal Trade Commission (FTC) will require non-banking financial institutions to report certain data security breaches. In a unanimous decision, the regulator has approved an amendment to the Safeguards Rule, requiring non-banking financial institutions like mortgage brokers, motor vehicle dealers and payday lenders to report data security breaches affecting...
While brick-and-mortar bank branches have been closing for years, those located within supermarkets are reportedly shutting at a rate that is seven times higher than that of other branches. American banks closed 10.7% of their in-store branches in the year ended June 30, compared to...
