News

Banking
Comerica Bank Launches New Business Banking Package
August 17, 2023

Comerica Bank has unveiled a new package of solutions for small business and business banking customers. This new Comerica Maximize package offers a combination of an interest-bearing checking account and cash management solutions, allowing customers to earn interest income while protecting and growing their businesses with treasury services, the company...

Security & Fraud
Mastercard Teams With Riskified to Reduce eCommerce Fraud
August 17, 2023

Riskified and Mastercard have teamed to help businesses increase eCommerce revenues while reducing fraud. The partnership, announced Thursday (Aug. 17), marries insights from Mastercard’s cybersecurity products and solutions with Riskified’s transaction and identity network.  In addition, it offers access to Mastercard’s suite of tools that allow for real-time alerts on...

Banking
Ohio-Based Peoples Bank Implements Corserv Credit Card Program
August 17, 2023

Ohio-based Peoples Bank has implemented Corserv‘s credit card program. This partnership aims to revolutionize the banking experience for Peoples Bank’s diverse customers, including commercial, small business, nonprofit, local municipalities and consumer clients, the companies said in a Wednesday (Aug. 16) press release. Peoples Bank, which operates 132 bank offices...

Delivery
QSRs See Uptick in Pickup as Consumers Shun Delivery Fees
August 17, 2023

From Applebee’s to Domino’s Pizza, major restaurant brands across the industry are seeing consumers shift away from delivery toward pickup to skip the added fees amid inflation. In the wave of earnings presentations over the past several weeks, fast-casual concepts, casual dining chains and quick-service restaurants (QSRs) alike...

Payment Methods
BNPL Platform Sezzle Starts Trading on Nasdaq
August 17, 2023

Sezzle, the digital payments platform, started trading on Nasdaq on Thursday (Aug. 17), according to the company. To kick off the occasion, Sezzle executives rang the opening bell to start trading for the day at 9 a.m. ET. In an email to PYMNTS, the company...

Security & Fraud
AP Automation and ‘Taking a Breath’ Are Key Defenses Against Payments Fraud
August 17, 2023

Check fraud is running rampant. In an interview with PYMNTS, Finexio Chief Commercial Officer Bill Fox and EverC Vice President Melissa Sutherland said many companies in the battle against fraudsters can benefit from a thorough examination — and modernization — of accounts payable (AP) processes. By modernizing back-office processes but still...

Retail
Texting Connections: Companies Drive Conversations Into Conversions, Vibes Says 
August 17, 2023

In today’s economy, retailers are on a perpetual quest to connect with their consumers in more meaningful ways. In this pursuit, the focus has shifted toward leveraging the channels where consumers are already engaged.   While third-party advertisements are by no means a new concept, they...

Payment Methods
JPMorgan: Embedded Payments Build New Business Models That Challenge Competitive Norms
August 17, 2023

In the darkest days of the pandemic, businesses scrambled to confront supply chain pressures and meet consumers on their mobile devices. The changes felt temporary because commerce would return to normal when the health crisis passed. Turns out, as economies reopened, many of the changes...

Cross-border Payments
Aleph Launches Dedicated Unit for Cross-Border Payments and Credit Underwriting
August 16, 2023

Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as the digital advertising industry is projected to reach $766 billion by 2025, with global remittance and cross-border payments estimated to...