News

B2B Payments
BP Begins Rollout of Digital Payments Solution for Fleets
July 05, 2023

BP has begun its rollout of a digital payments solution for fleets. The energy company’s new BP In-Truck Connect is being launched in the United Kingdom with Mercedes-Benz Trucks UK and will later be rolled out more broadly, BP said in a Friday (June 30) press release. “We are...

eCommerce
Instacart GM Says Online Complexity Complicates Grocers’ Efforts to Build In-House Systems
July 05, 2023

As Instacart steps up its digital capabilities, it becomes increasingly difficult for grocers — especially smaller players — to build competitive in-house eCommerce systems. In an interview with PYMNTS following the announcement of the aggregator’s new made-to-order feature, Rob Hill, general manager of order ahead at Instacart, said online...

Investments
HealthTech Firm Neko, Co-Founded by Spotify CEO, Raises $65 Million
July 05, 2023

Swedish medical diagnostics company Neko Health has raised 60 million euros (about $65 million) to expand beyond its borders. The company, co-founded by Spotify CEO Daniel Ek, announced the Series A funding in a Wednesday (July 5) press release, noting that it was the first time it had brought in outside capital....

eCommerce
Data Security Can Help Merchants Swing Consumer Loyalty Their Way
July 05, 2023

As eCommerce merchants look to win the loyalty of customers who are on the fence, there are a range of factors that can be make or break at the point of checkout for these persuadable consumers. For PYMNTS’ study “At The Checkout: Deal-Chasers Versus Loyal...

eCommerce
Jenny Craig to Get New Life as eCommerce Brand
July 05, 2023

Bankrupt weight-loss company Jenny Craig is getting a new lease on life. As CNBC reported Wednesday (July 5), rival weight-loss meal firm Wellful has purchased Jenny Craig’s assets and will revive it as an eCommerce company. “People that have known the Jenny brand — the core aspects around the great food,...

Payment Methods
YowPay Launches Instant SEPA Credit Transfer Solution for European Merchants
July 05, 2023

YowPay has launched a Single Euro Payments Area (SEPA) credit transfer solution for merchants across the eurozone. The software provider’s solution streamlines the payments process for merchants by generating a unique QR code for each transaction, allowing customers to pay faster and more easily, Electronic Payments...

B2B Payments
Meta Platforms and nsKnox Partner on B2B Payment Security
July 05, 2023

Meta Platforms has selected nsKnox to ensure B2B payment security. nsKnox, a provider of global bank account validation and B2B payment security, and its PaymentKnox for Accounts Payable (AP) solution are set to validate vendor bank accounts globally, protecting all outgoing B2B payments against fraud for Meta, nsKnox said...

Retail
Flipkart Expands Banking Plans With Personal Loans Program
July 05, 2023

Walmart’s Flipkart is reportedly entering the lending sector as it battles Amazon for India’s consumers. The eCommerce site has begun offering customers personal loans through a partnership with Axis Bank, per a recent report by Indian news outlet The Arc. That report — citing unnamed...

Retail
Claire’s Scrubs Plans to Go Public Amid Shaky IPO Market
July 05, 2023

Teen-centric jewelry and accessory retailer Claire’s has scrapped its plan to go public. The company had filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) in 2021, but withdrew that application in a new filing last week, saying it...