News

Faster Payments
Finsync Offers Businesses Free Access to Its Financial Platform
July 27, 2023

Financial network platform Finsync said bankers and businesses can use its network for free. The offering is designed to help businesses scale faster, the company said in a Thursday (July 27) news release. The network lets companies connect bank and credit card accounts to see all transactions in a...

Artificial Intelligence
HungerRush CRO: Voice AI Solves Pizzerias’ Phone Problem
July 27, 2023

As restaurants look to find the right balance of automation and face-to-face service, Jet’s Pizza is seeing its voice order-taking robot take off. The company shared Tuesday (July 25) in an emailed press release that its artificial intelligence (AI) robot for phone orders, powered by HungerRush’s technology, which...

Security & Fraud
DocuSign, Microsoft Azure Move to Improve Facial Liveness Detection
July 27, 2023

As artificial intelligence (AI) makes deepfakes a greater concern to consumers and companies, fresh efforts are afoot to combat these highly convincing but fraudulent images. DocuSign announced in a Tuesday (July 25) press release the launch of its enhanced identity verification offering, Liveness Detection for ID...

Retail
Croissant Raises $24 Million to Help Consumers Boost Resale Values
July 27, 2023

Croissant, a FinTech platform that helps consumers realize the resale value of eCommerce purchases, has launched with $24 million in funding. According to a Thursday (July 27) news release, Croissant integrates into merchants’ platforms and offers customers a guaranteed buyback value on their goods at checkout,...

Banking
Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing Field’
July 27, 2023

Bank of America CEO Brian Moynihan said new capital requirements need to ensure a level playing field for U.S. banks. “I think they have to be careful as they put in these rules not to make the U.S. less competitive,” Moynihan said in an interview...

Investments
GlossGenius Raises $28 Million for Beauty and Wellness Platform
July 27, 2023

GlossGenius has secured $28 million in Series C funding to continue building its platform for small business owners in the beauty and wellness industry. This is the second up-round for GlossGenius in the last 12 months and it brings the company’s total funding to date to...

Retail
Fiserv Lets Cardholders Shop With Rewards Points on Amazon
July 27, 2023

Payments FinTech Fiserv says it’s letting cardholders redeem points for Amazon purchases. The offering, announced Thursday (July 27), allows cardholders at financial institutions that are part of Fiserv’s uChoose rewards program and enrolled in the Amazon Shop with Points program to redeem rewards points for all or part of their qualifying...

Delivery
Getir Will Exit Spain, Portugal and Italy Grocery Delivery Markets
July 27, 2023

Ultrafast grocery company Getir is exiting three European markets as it focuses on profitability. The Turkish startup announced Thursday (July 27) it plans to withdraw from Italy, Portugal and Spain “in an orderly manner,” according to an announcement provided to PYMNTS. “At the same time, Getir is...

Retail
How Old Navy Is Trying to Capture Back-to-School Spend 
July 27, 2023

Consumers’ spending behavior has slowed down, which is causing concern among retailers. Although they are still making purchases, the rate at which they are doing so falls short of what retailers desire.   To address this challenge, brands and retailers are focusing on refining their product...