News

Artificial Intelligence
Tackling AI With AI May Not Be Ideal. Not Yet, at Least.
August 31, 2023

As generative artificial intelligence (AI) grows by leaps and bounds, countermeasures to keep tabs on artificially generated content are emerging. The challenge for companies developing these solutions is not only that their tools are new, unproven and offer mixed success but also that these tools’...

eCommerce
Patagonia’s Merchandise Pivot Sparks Search for Sustainable Swag Solutions
August 31, 2023

When Patagonia exited the business of creating company swag, it was almost as if it was the end of an era of the unofficial uniform for finance bros everywhere.   However, despite Patagonia’s involvement, the company swag often lacked appeal. These items felt mass-produced and lacked uniqueness. This...

Payment Methods
Payments Disconnect: 80% of Billers Offer in-Person or Mail Payments While Consumers Prefer Digital
August 31, 2023

In today’s digital age, consumers have varied payment preferences when it comes to paying their bills and are increasingly looking for convenient and efficient ways to do so. However, there’s a disconnect between consumer preferences and billers’ offerings, according to the PYMNTS report “Why Holistic...

Regulation
Less US Cannabis Restrictions Could Ease Sector’s Fragmented Payments System
August 30, 2023

In a significant development for the cannabis industry, U.S. health officials have recommended easing restrictions on cannabis and reclassifying it as a Schedule III drug under the Controlled Substances Act. The move could open the door to more cohesive payments systems in the sector. Currently,...

Cross-border Payments
GO Markets Chooses Currencycloud for Streamlined Foreign Exchange Payments
August 30, 2023

Australian CFD broker GO Markets has teamed with Currencycloud to streamline and automate client transactions. The partnership, announced Wednesday (Aug. 30), will see GO Markets employ Currencycloud’s multicurrency payment solutions to help clients enjoy “real-time, API-driven competitive” foreign exchange (FX) rates.  “By integrating Currencycloud’s APIs,...

eCommerce
Grocers Prioritize Pickup to Meet eCommerce Demand While Protecting Margins
August 30, 2023

As more consumers seek out the quick convenience of online grocery, merchants are turning to the pickup channel to meet this demand without bearing the high cost of delivery. Take, for instance, Netherlands-based multinational grocer Ahold Delhaize, which shared on its second-quarter 2023 earnings call that the company’s...

Retail
Carvana Brings Same-Day Delivery to North Carolina 
August 30, 2023

For the third time this month, Carvana is expanding its same-day delivery program. The online car seller announced in a news release Thursday (Aug. 30) that it would begin offering that service to select customers in North Carolina.  “When we launched vehicle delivery in Charlotte almost 10 years ago,...

Retail
Walmart Marketplace Adds New Fulfillment Options for Third-Party Sellers
August 30, 2023

Walmart has announced new fulfillment options and an expansion to Chile for the third-party sellers on its marketplace platform. These new services were announced in conjunction with the retail giant’s first-ever summit dedicated to Walmart Marketplace and its third-party sellers, Manish Joneja, senior vice president...

Fintech Investments
Goldman’s GreenSky Sale Has Implications for FinTech ‘Exit Strategies’
August 30, 2023

Goldman Sachs’ sale of its FinTech lender, GreenSky, is reportedly close to being a done deal. As reported this week, the company is, per Bloomberg, drawing interest from the private equity realm – and within the FinTech arena itself. Among the bidders reportedly in the running: Apollo Global...