News

Retail
Venmo and InComm Team to Offer Digital Gift Cards
October 18, 2023

Payments firm InComm has teamed with Venmo to enhance that company’s digital gift card offering. According to a Wednesday (Oct. 18) news release, the new feature offers eligible Venmo customers personalized ways to mark gifting occasions with popular gift card brands directly via the app. “For several years running, our...

Digital Banking
Revolut Tops PYMNTS Provider Ranking of Digital Banking
October 18, 2023

Many apps slipped in PYMNTS’ Provider Ranking of Digital Banking this month. Revolut secured the top spot, beating Chime down a few rankings. Let’s get into the scores. The Top 5 Revolut won this month’s top spot at No. 1 with a perfect score of...

Delivery
Amazon Drone Delivery Aims to Close ‘Golden Window’ in Medical Treatment
October 18, 2023

Amazon Pharmacy has begun offering drone delivery to customers in Texas. The retail giant announced in a news release Wednesday (Oct. 18) that customers in the town of College Station can now get prescription medications delivered to their doorstep within 60 minutes of ordering. “We’re...

Artificial Intelligence
IBM Expands Partnership With AWS to Boost Generative AI Solutions
October 18, 2023

IBM has announced an expansion of its collaboration with Amazon Web Services (AWS) to further advance the development of generative artificial intelligence (AI) tools. The partnership aims to assist mutual clients in operationalizing and deriving value from generative AI, according to a Wednesday (Oct. 18) press release from IBM....

Security & Fraud
Entersekt Launches Authentication Solution for Mobile Banking Apps
October 18, 2023

Entersekt, a leading provider of authentication solutions, announced Wednesday (Oct. 18) the launch of a fully integrated mobile application authentication solution for financial institutions (FIs), using the Q2 Digital Banking Platform. This solution, developed in partnership with Q2, provides advanced authentication features within the mobile...

B2B Payments
TreviPay Debuts Financial Partner Gateway for B2B Payments and Invoicing
October 18, 2023

Global B2B payments and invoicing network TreviPay debuted on Wednesday (Oct. 18) its Financial Partner Gateway. This suite of application programming interfaces (APIs) allows financial institutions to expand their commercial offerings, providing automated accounts receivable, underwriting and trade credit management solutions to their large commercial clients.  With...

Faster Payments
Right-Now Use Cases Can Turn Instant Payments Into an Instant Success
October 18, 2023

Businesses and individuals are always going to need to get paid. That’s why the context around that payment, whether it’s speed, experience, convenience, personalization, cost, security or a combination of them all, is where the greenfield opportunity lies for payment industry players to differentiate themselves....

IPO
Waystar Sees $15 Billion Market for Simplifying Healthcare Payments as It Preps for IPO
October 18, 2023

Healthcare payments are awash in paper, marked by inefficiencies, creaky legacy systems and manual processes. Waystar leverages a cloud-based platform to improve what it terms “the administrative headwinds faced by providers.” The company has filed to go public and detailed a multibillion-dollar market in its...

Retail
As Snap Seals Its AR Fate, Brands Dive Deeper Into Augmented Retail  
October 18, 2023

Retailers are turning to augmented reality (AR) to craft consumer experiences that not only resonate and leave a lasting impression but also instill greater confidence in the brand, ultimately motivating consumers to make a purchase. The latest brand to do that is beauty company Pat...