News

Faster Payments
Adyen Launches Payout Services to Provide Faster Global Payments
June 01, 2023

Adyen, the financial technology platform that powers the likes of Facebook, Uber, H&M, eBay, and Microsoft, has launched its Payout Services. This offering allows Adyen customers to payout acquired funds in the preferred method of their affiliated users or partners up to three days faster....

Cross Border Commerce
New World of Global Trade Set to Affect Cross-Border Commerce
June 01, 2023

Smaller merchants may need more help navigating the new rules than ever before. As reported by The Wall Street Journal in May, international trade deals are fading in favor of less formal pacts in an effort to navigate a changing economic and political landscape. On...

B2B Payments
AvidXchange Adds Lien Waiver Management Feature for Construction Industry
June 01, 2023

AvidXchange has added a Lien Waiver Management feature for the construction industry. This new feature has been added to the company’s TimberScan purchase-to-pay platform and associates the release of funds with the receipt and inspection of the lien waiver, AvidXchange said in a Thursday (June 1) press release. “Tracking and...

Artificial Intelligence
Generative AI Is Evolving Embedded Finance by Accelerating Easy Wins
June 01, 2023

The digitization of everyday life is transforming nearly every consumer touchpoint, particularly payments. As the world continues to hit new levels of daily digital engagement, generative artificial intelligence (AI) is emerging as a crucial optimization driver within future-fit solutions like embedded finance. That’s because AI capabilities...

Digital Banking
Revolut’s Global Retail Customer Base Tops 30 Million
June 01, 2023

British financial platform Revolut says it now has more than 30 million retail customers. That’s according to an announcement from the company Thursday (June 1), noting that it had added more than 5 million users worldwide since November of 2022. “Revolut is growing at almost...

B2B Payments
Weavr and Visa Team on Embedded Finance for SaaS Firms
June 01, 2023

Embedded finance startup Weavr has teamed with Visa in the B2B Software-as-a-Service (SaaS) space. The partnership, announced Thursday (June 1), is aimed at speeding the adoption of embedded finance solutions for B2B SaaS firms. “Embedded finance enables B2B software businesses to integrate financial services into...

Payment Methods
Credit Cards vs BNPL: A Matter of Shifting Shopper Demographics
June 01, 2023

Access to credit, the value of credit in managing personal finances, and fear of debt are all coming into play at a time when over 60% of U.S. households live paycheck to paycheck, including those bringing in six-figure salaries, with many struggling to make ends...

Retail
Telos and GameStop Team to Bring Web3 Gaming Mainstream
June 01, 2023

The Telos Foundation has teamed with GameStop to help mainstream Web3-based gaming. The collaboration lets the Telos blockchain access game distribution through GameStop Playr, the company’s planned Web3 game launcher, the Telos Foundation said in a Thursday (June 1) news release. “This collaboration signifies a meaningful...

Retail
eBay Deepens Luxury Push With Streetwear Authentication
June 01, 2023

eBay has begun authenticating streetwear as part of its push into the luxury market. Beginning Thursday (June 1), the online marketplace will include streetwear along with sneakers, watches, jewelry, handbags and trading cards in its authentication program, according to a Thursday press release. “eBay has...