News

Digital Banking
Personalized Solutions Unlock Instant Payments Differentiation for Corporates
June 22, 2023

The positive feedback loop between digitization and end-user expectations is transforming banking, finance and payments. And as the world evolves, those firms that fall behind the cutting-edge of digital personalization could eventually see their growth prospects dulled. That’s because in this new environment, “user experience...

Social Commerce
Time to Treat Creators Like Business Owners, Says Visa FinTech Head 
June 22, 2023

If you’re reading this, you might not be able to name a single creator.  But your kid probably can name five, 10, even a dozen social media stars who are all paying the bills — and then some — by monetizing their online platforms. That’s...

Retail
Why Brands Are Bringing Their A-Game to Discount Retailers
June 22, 2023

Who said quality had to be expensive? As the stigma around shopping at dollar stores fades and the demand for affordable alternatives and replicas increases, brands and retailers are becoming more inclined to provide top-notch products at discounted prices. And this shift in attitude extends...

Security & Fraud
Google Cloud Launches AML AI for Financial Institutions
June 21, 2023

Google Cloud has launched a new product, Anti Money Laundering AI (AML AI), which is an artificial intelligence-powered tool to help financial institutions detect money laundering, the company said Wednesday (June 21). With estimates suggesting that money laundering accounts for 2-5% of global GDP, or up to $2 trillion...

B2B Payments
PayEm Integrates Spend Management and Procurement Platform With American Express
June 21, 2023

PayEm has integrated its global spend management and procurement platform with American Express. This integration allows American Express Corporate and Business Card Members to use their existing account and PayEm’s platform to create and distribute on-demand virtual cards, PayEm said in a Wednesday (June 21) press release. “We are teaming...

Retail
Major Grocers’ Retail Media Networks Lead Smaller Brands to Rely on Instacart
June 21, 2023

As the largest grocers launch in-house retail media networks, offering brands comprehensive insights into how their marketing efforts are performing, smaller chains are being put in a position where, if they want to keep up, they may need to scale up their reliance on third...

B2B Payments
Real-Time Insights Bring Clarity to Chaos of Global Logistics Sector
June 21, 2023

A seismic shift in systemic capability is sweeping across the global shipping ecosystem. While it’s been more than two years since the Ever Given container ship got stuck in the Suez Canal, the logistics industry still finds itself facing event-driven logjams both large and small on a...

Payment Methods
Alipay and Mastercard Offer Cashless Payments to International Travelers to China
June 21, 2023

Alipay and Mastercard have teamed up to offer a new payment option for international visitors to China, allowing them to go cashless while traveling around China’s mainland, the two companies announced Wednesday (June 21). Venetia Lee, general manager of Ant Group Greater China International Business,...

eCommerce
Local Payment Methods Lower APAC Cart Abandonment by 32%
June 21, 2023

The Asia-Pacific (APAC) region is poised to become a key area of expansion for U.S. and U.K. merchants over the course of the next few years, but eCommerce companies are struggling with high cart abandonment rates and seeking ways to lower abandonment. This is analyzed...