News

B2B Payments
BigTime Software and BlueSnap Partner on Payment Solutions in Canada
September 14, 2023

BigTime Software, an operating platform for professional services organizations, has partnered with BlueSnap, a global payment orchestration platform, to bring online payment and financial management capabilities to its customers in Canada. This partnership aims to accelerate cash flow, streamline accounts receivable processes, and provide efficient online...

Artificial Intelligence
Consumers Tap AI for Food Delivery Recommendations
September 14, 2023

As artificial intelligence (AI) becomes a larger part of consumers’ day-to-day lives, many are leveraging the technology to figure out what food they are in the mood for. By the Numbers The latest installment of PYMNTS’ “Consumer Inflation Sentiment Report,” titled “Consumers Know What AI...

Retail
Carrefour Calls Out Brands for Shrinkflation as Grocers Resist Price Hikes
September 14, 2023

Around the world, brands have been addressing cost challenges by quietly reducing the amount of product per purchase — a move that can lose shoppers’ trust — and now Carrefour is firing back. The French grocer has been adding signs informing shoppers about which brands...

CFPB
CFPB Investigating Tuition Payment Plans and Practices of School-Based Lenders
September 14, 2023

The Consumer Financial Protection Bureau (CFPB) is looking into, and warning students about, the risks faced by students when entering into agreements with colleges for tuition payment plans. The regulator has released a report focused on these plans and the practices of school-based lenders. It will also continue gathering...

Payment Methods
Citi Adds 4 Payment Solutions for Financial Institutions
September 14, 2023

Citi Treasury and Trade Solutions has unveiled a suite of payment solutions tailored for financial institutions (FIs), aiming to help them enhance their client experience. The four new functionalities are designed to broaden and improve the offerings of FIs, making it easier for them to provide...

News
French Treasury Management FinTech Fipto Secures $16 Million in Seed Funding
September 14, 2023

Fipto, a French treasury management FinTech, has secured 15 million euros ($16 million) in seed funding to enhance its platform.  The platform allows companies to efficiently manage their corporate treasury and conduct international payments using both fiat and digital currencies, all powered by blockchain technology,...

Loyalty & Rewards
Delta Tries to Woo Wealthy Flyers With Rewards Program
September 14, 2023

For wealthy travelers, flying is reportedly no longer that important to Delta’s frequent flyer program. The airline had kept its SkyMiles loyalty program linked to flying as its competitors chose a different path: rewarding travelers for spending with their credit cards, The Wall Street Journal...

Retail
Nordstrom Appoints 3 Executives in Merchandising and Store Organizations
September 14, 2023

Nordstrom has made three executive leadership appointments within its merchandising and store organizations. Among these appointments is a newly created role: president of Nordstrom Rack stores, the fashion retailer said in a Wednesday (Sept. 13) press release. The chosen executives will begin their new positions...

Retail
Easier Checkout Drives Conversions, Says Fashion eTailer Revolve
September 14, 2023

Consumers become more price-conscious and hesitant to spend on non-essential or discretionary items when prices rise steadily. They may prioritize essential goods and services while cutting back on luxury or non-urgent purchases. This shift in consumer behavior can pose challenges for businesses, particularly those that...