News

eCommerce
Solana Pay Integrates With Shopify to Enable Decentralized Payments
August 23, 2023

Solana Pay, a decentralized payments protocol built on the Solana blockchain network, has integrated with Shopify, offering millions of businesses a new payment solution. This collaboration allows merchants to have real-time access to their funds and greater control over working capital, liquidity and liability protection, the Solana...

B2B Payments
Bold Moves Bring Bright Futures When Firms Embrace Failing Fast
August 23, 2023

Tough decisions are critical to business success, and they don’t get any easier the longer they are put off. “The origin of decide, the Latin etymology, means ‘to cut off,’” Placer.ai Chief Financial Officer Dean Neese told PYMNTS as part of the new series Tough Calls. “It means to...

Investments
Corporate Wellness Platform Gympass Accelerates Expansion With $85 Million Funding
August 23, 2023

Corporate wellness platform Gympass has secured $85 million in Series F funding to accelerate its growth globally. The investment comes as the company increased its customer base in July by 80% to more than 15,000 corporate customers and surpassed 2 million employee subscribers across its network of more than...

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...