News

Payments Innovation
Alternative Payment Methods Boost Conversions When Expanding Globally
August 09, 2023

Emerging from the pandemic, companies need to put payments at the center of their strategic roadmaps, according to Nuvei Chief Revenue Officer Laura Miller. For Miller, the “one thing” that’s top of mind for her firm’s enterprise clients is understanding the best practices within their...

Investments
Capital One Ventures Invests $25 Million in Luxury Travel Subscription Brand Inspirato
August 08, 2023

Luxury travel subscription brand Inspirato has entered into a definitive agreement for a new $25 million convertible note investment from Capital One Ventures. The funding will provide the brand the opportunity to further advance its mission of leveraging innovation to drive customer satisfaction and growth, Inspirato said in a Tuesday...

Artificial Intelligence
Google and Universal Music in Talks for AI-Generated Songs Licensing Agreement
August 08, 2023

Google and Universal Music are reportedly in talks about a licensing agreement for artificial intelligence (AI) generated songs. The discussions center on how the technology allows melodic and vocal mimicry of established artists in the form of “deepfake” songs, the Financial Times (FT) reported Tuesday (Aug. 8). The...

Ridesharing
Uber Teams With Cover Genius to Insure Brazilian Drivers
August 08, 2023

Uber has teamed with insurtech Cover Genius to protect its drivers in Brazil. The partnership, announced Tuesday (Aug. 8), integrates Uber and Cover Genius’ distribution platform XCover to offer drivers embedded protection as well as features like automated payouts and charging based on driving data. “As the number of rideshare...

B2B Payments
Payoneer Q2: Thinking Globally, Acting Locally Boosts Emerging-Market B2B Payments Growth 40% YoY
August 08, 2023

“The export of goods and services is more prevalent, digital and borderless than ever,” Payoneer executives told investors on the company’s second-quarter 2023 earnings call Tuesday (Aug. 8). That’swhy executives are optimistic about the FinTech company’s capacity to help emerging market small- to medium-sized businesses (SMBs)...

B2B Payments
Dwolla Launches Solution to Facilitate Secure A2A Payments
August 08, 2023

Dwolla has launched an application programming interface (API) solution designed for mid- to enterprise-sized businesses that enables easy payment initiation from existing commercial accounts at top U.S. banks, including JPMorgan Chase & Co. and Wells Fargo. The new Dwolla Connect builds on the success of the company’s digital...

Retail
Sizekick Debuts AI-Powered Clothing-Sizing Tool
August 08, 2023

Sizekick is the latest company offering shoppers an artificial intelligence (AI)-powered way to find the right outfit. The German company launched its AI try-on tool, designed to reduce the number of size-related returns, according to a Tuesday (Aug. 8) press release. The company is backed by and...

Retail
The Aspiration Shopper May Be Straying From Luxury and Turning to Travel
August 08, 2023

The aspirational shopper, once a core target demographic for high-end brands, seems to be in a state of flux. As the traditional luxury market contends with price hikes and changing spending patterns, an interesting trend is emerging — an uptick in the travel sector. For...

Biometrics
China Calls for Limits on Facial Recognition Tools
August 08, 2023

China wants its businesses to think twice before using facial recognition technology. The country’s Cyberspace Administration (CAC) on Tuesday (Aug. 8) introduced draft regulations calling for limits on facial recognition and proposing instead the use of non-biometric means to identify people. “The use of face recognition technology to process...