News

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...

Retail
As Inflation Tightens Wallets, Hermès Expands With Makeup to Win Consumers 
October 18, 2023

Luxury fashion brand Hermès has broadened its offerings in the beauty sector, introducing a new line of products that includes mascara, eyeshadow, and makeup brushes.  This decision aligns with the goal of catering to the aspirational shopper, who may not have the means to purchase...

Payment Methods
Fed Will Float Reduced Debit Card Fees for Merchants
October 18, 2023

The Federal Reserve is reportedly ready to propose reducing debit card fees for merchants. The U.S. central bank on Tuesday (Oct. 17) announced a meeting scheduled for Oct. 25 with one topic on the agenda: “Proposed revisions to the Board’s debit interchange fee cap.” Hours...

B2B Payments
Loop CEO: Logistics Payments Is Transforming Into a Data Business 
October 18, 2023

Intractable problems are frequently where complexity meets resilience. And while some of the most historically entrenched problems, like those surrounding global logistics payments and supply chain processes, may be opportunities in disguise — that simple fact doesn’t make solving for their long-time snarls any easier.  ...

Artificial Intelligence
Nearly Two-Thirds of Americans Want an AI Copilot to Help Book Travel
October 18, 2023

Consumers are weighing the pros and cons of artificial intelligence (AI) in their lives. Although they worry about losing human interactions, privacy and even their jobs to the technology, they appreciate the convenience, time savings and productivity gains that AI offers. As a result, consumers...

Delivery
PayPal Rolls Out Package Tracking Feature
October 17, 2023

PayPal has launched a package tracking feature on its app.  This addition allows PayPal users to instantly view the status of their deliveries without having to manually enter order numbers or searching through email inboxes, according to a Tuesday (Oct. 17) report from TechCrunch.  PayPal’s update automatically...

IPO
Report: Companies Rush to File IPOs Amid Looming Government Shutdown
October 17, 2023

The possibility of a U.S. government shutdown has prompted companies to take action and expedite their plans to go public. In an effort to avoid potential disruptions caused by a government shutdown, companies like Waystar Holding and Hamilton Insurance Group have submitted filings for their initial public offerings (IPOs)...

Faster Payments
UAE Central Bank Launches Instant Payment Platform Aani
October 17, 2023

The Central Bank of the United Arab Emirates (CBUAE) has introduced Aani, an instant payments platform.  Developed by Al Etihad Payments (AEP), a subsidiary of CBUAE, Aani is a key initiative under the CBUAE’s Financial Infrastructure Transformation (FIT) program, according to a Sunday (Oct. 16) press...