America’s banking sector is creeping closer to a wide-ranging downgrade. That’s according to Fitch Ratings analyst Chris Wolfe, who told CNBC Tuesday (Aug. 15) that such a downgrade could even touch seemingly untouchable giants like JPMorgan Chase. Wolfe said Fitch lowered its assessment of the banking sector’s health in June,...
7-Eleven Australia is gearing up to roll out frictionless checkout in an effort to meet convenience store customers’ need for speed. In an emailed press release, the Australian branch of the global convenience retail giant shared that it is partnering with checkout technology company Grabango....
Traxo, a provider of real-time corporate travel data capture, has partnered with small and medium-sized business (SMB) booking tool Booking.com for Business. The partnership’s offering will provide hundreds of thousands of Booking.com for Business clients with an expanded comprehensive travel visibility solution, the companies said in...
ClassWallet has raised $95 million to grow its digital wallet-based purchasing and reimbursement platform for public funds. The close of its first institutional growth capital funding round builds on ClassWallet’s growth and supports its efforts to help government agencies change how they do business, the...
As automation is increasingly taking over quick-service restaurant (QSR) occasions, it is not only restaurants looking to capitalize on the shift — Nestle’s frozen pizza brand DiGiorno is looking to get in on the action. The food giant is testing a pizza-making vending machine, selling...
Mega-retailer Amazon’s scaled-up rollout of its pay-by-palm technology, One, a month after its announcement, may not be the first offering of such technology, but the sheer number of stores receiving One at once may make it the most ambitious. This ambition is simply responding to consumer demand, however, as “Consumer Authentication...
The Consumer Financial Protection Bureau (CFPB) will propose new regulations directed at companies that track and sell people’s personal data. The proposal will be announced Tuesday (Aug. 15) at the White House and will broaden the scope of the Fair Credit Reporting Act, a law governing the...
Blue oceans and red oceans beckon for payment facilitators. As PayFacs choose where to spend their time and money, as they examine competitive landscapes, Bill Dobbins, senior vice president and head of acquiring at Visa, told Karen Webster that there’s an opportunity to change the way payments...
Over the past few years, the beauty category has witnessed unprecedented growth, leading to a surge in new brands, innovative products, and cutting-edge marketing strategies. However, while the beauty category has thrived and evolved, it doesn’t necessarily mean that retailers not associated with beauty will...
