News

Loyalty & Rewards
Station Casinos Teams With Trustly for Open Banking Payments
August 23, 2023

Trustly says it has been named payments provider for Station Casinos’ NFT loyalty marketplace. The open banking payments company announced the partnership Wednesday (Aug. 23), saying it aimed to help the Las Vegas-based Station revamp its loyalty program, STN Charms. “With STN Charms, players now receive digital charms...

B2B Payments
Having the Right Innovations Can Complete the Customer Acquisition Puzzle
August 23, 2023

Business innovation typically follows consumer expectations, and products are nothing without a consumer-market fit. A perfect solution, service or product should be able to be scaled up and commercialized via successful customer engagements, Connatix Chief Financial Officer Joseph Pergola told PYMNTS. “The one thing I’m asked by clients is...

Retail
How Estée Lauder’s 1950s Retail Innovation Wrote Beauty’s Sales Playbook
August 23, 2023

Free items, giveaways, goodie bags, and “gift with purchase” — whatever you choose to call them, all radiate an allure within the retail sphere as they entice consumers into making purchases and exploring new products.  It’s a strategy that has been employed since the mid-20th...

Retail
Luxury Retail’s Loyalty Programs Give Big Box Retailers an In-Store Roadmap 
August 22, 2023

For success in retail, innovation can stem from — if not outright imitation — then keen observation. And applying the proven success of others to one’s own business model, with a bit of advanced technology included, can help keep consumers spending at the point of...

Security & Fraud
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
August 22, 2023

Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals and the banking industry. This surge in cybertheft and financial scams has prompted regulators, law enforcement agencies and financial institutions...

Retail
TimeForge and Forage Combine Labor Management and Payments for Grocers
August 22, 2023

TimeForge has partnered with Forage to empower grocery retailers with technology that will expand their payment options in today’s challenging retail landscape. The partnership brings together TimeForge’s labor management platform for independent grocers and Forage’s payments technology that helps merchants accept government benefits, the companies said in...

Investments
FinTech Ramp Secures $300 Million Series D to Expand Business Categories
August 22, 2023

FinTech company Ramp has secured $300 million in a Series D funding round, bringing its post-money valuation to $5.8 billion. The funding will allow Ramp to expand its business categories and deliver more value to its customers, the company said in a Tuesday (Aug. 22) press release. Commenting...

eCommerce
CommentSold Buys PopshopLive to Launch Creator Commerce Platform
August 22, 2023

Live selling technology firm CommentSold says it has acquired mobile live streaming marketplace Popshoplive. The deal, announced Tuesday (Aug. 22), marks CommentSold’s (CS) entrance into direct-to-consumer commerce, the company said in a news release. “With the revamped version of Popshoplive, powered by CS, creators will have the opportunity to...

Delivery
Shipt Names CTO as Target Looks to Grow Aggregator Presence
August 22, 2023

Shipt is expanding its c-suite as its parent company, Target, aims to grow its share of same-day delivery sales. The grocery and retail delivery company announced Tuesday (Aug. 22) that it has expanded the role of Smrutha Ipparthi, previously chief product officer, to chief technology...