News

Security & Fraud
Unmasking Digital Imposters Is Rising Priority for Industrial Economy
September 08, 2023

Fraud moves fast, particularly within industries that have historically moved slowly. As legacy sectors like shipping, transportation and logistics begin to trade in the phones and fax machines for digital booking tools and other commercial platform innovations, they inadvertently open themselves up to new fraud...

Investments
British Neobank Zopa Raises $93 Million to Fuel Growth
September 08, 2023

British neobank Zopa Bank has raised 75 million pounds ($93 million) to fuel its “continuous growth and expansion.” The company has now raised a total of 530 million pounds ($660 million) since its launch in 2020, including 150 million pounds ($187 million) raised this year, Zopa...

Investments
Report: Getir to Raise $500 Million in Funding Round
September 08, 2023

Turkey-based grocery delivery company Getir is reportedly raising $500 million in a new funding round. The investment values the company at $2.5 billion, a decrease from its previous valuation of $11.8 billion 18 months ago, the Financial Times (FT) reported Friday (Sept. 8), citing unnamed...

Social Commerce
Report: TikTok’s Shop Raises Concerns Over Authenticity and Data Privacy
September 08, 2023

TikTok’s new Shop marketplace, which has launched to some users in the United States, has reportedly raised concerns about product authenticity and data privacy. The early version of the social media app’s eCommerce marketplace in the U.S. showcases low-priced products from China, drawing comparisons to the challenges Amazon has faced with...

Banking
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
September 08, 2023

The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing cash flows with their monthly bills and everyday spend. Non-sufficiency of funds, of course, can lead to a negative impact...

Payments Innovation
From Paper Trails to Digital Footprints: The Ongoing Evolution of Payments
September 08, 2023

In today’s digital age, money talks in bytes, not bills.  And PYMNTS has been closely tracking the “What’s Next” in digital payment trends as money movement increasingly evolves from greenbacks to screen taps.  That’s because traditional and legacy payment systems are primed for an upgrade...

Artificial Intelligence
Casey’s Rolls Out Voice AI as Convenience Stores Take on QSRs
September 08, 2023

In convenience stores’ ongoing push to gain share from quick-service restaurants (QSRs), Casey’s General Stores is turning to voice ordering technology. The convenience retailer, which has more than 2,500 locations, announced Wednesday (Sep. 6) that it is rolling out a conversational artificial intelligence (AI) from...

Retail
Nike, Macy’s and Pinterest Embrace Shopping’s Not-So-Secret Ingredient 
September 08, 2023

From fashion to advertising and beyond, companies increasingly recognize the importance of representing a diverse range of body types, skin tones and backgrounds in their marketing and products. This shift toward inclusivity is a response to societal changes and a strategic move to engage a...

Retail
Does Fashion Have a Future in the Grocery Aisle?
September 08, 2023

For generations, supermarkets have played a fundamental role in our daily routines, serving as a convenient destination to find all our grocery and household needs in one place.   These retail juggernauts have consistently transformed themselves to align with shifting consumer tastes and market dynamics. One...