BMW Group is dipping its toe in the water with direct-to-consumer (D2C) sales, beginning with its Mini brand, as the auto industry increasingly integrates eCommerce. The luxury vehicle company announced Wednesday (Oct. 18) that, starting Jan. 1, it will sell the brand’s automobiles in Italy,...
Galileo Financial Technologies has unveiled its Payment Risk Platform to help combat fraud. The tool, announced Thursday (Oct. 19), is a “holistic fraud engine” offering real-time payment risk mitigation controls to FinTechs and financial brands, the company said in a news release. “In the fight against fraud,...
Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the U.S. have quietly been cutting jobs all year, CNBC reported Thursday (Oct. 19.) In all, these banks have slashed 20,000 positions in...
Mastercard and Remitly Global, Inc. announced a partnership Thursday (Oct. 19) to expand access to cross-border payments and remittances. By integrating Mastercard’s Send and Cross-Border Services into the Remitly app, customers will have more choices in securely sending money to their loved ones abroad, the...
Amazon wants shoppers to get real-life feedback within the virtual world of its mobile ad. The retail giant on Thursday (Oct. 19) introduced Consult-a-Friend, a new mobile shopping experience now in testing that lets shoppers request, see and manage friends’ feedback on products on the Amazon...
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Next week, the Federal Reserve will take up an examination of “proposed revisions to the Board’s debit interchange...
Frictionless commerce company Skipify says it has landed new funding from Samsung’s investment group. The company says the investment by Samsung Next, announced Thursday (Oct. 19), will let Skipify accelerate the development of its digital wallet. “We invested in Skipify because of the potential this seamless and native checkout experience could bring...
Web3 has a branding problem. Far from being simply synonymous with crypto, decentralized finance and blockchain will do much to transform industries that have been mired in paper, in invoices, fragmented and friction-filled when it comes to payments. And, as Austin Noronha, managing director of...
Brands are realizing the significance of crafting captivating digital experiences to engage their customers. The need is self-evident, requiring little persuasion for brands to invest. However, as brands embrace this trend, a new challenge comes into focus — the task of connecting these digital experiences...
