Nigerian mobile companies are reportedly halting text services to banks over a $259 million bill. The firms are set to disconnect the Unstructured Supplementary Service Data with banks Gbenga Adebayo, chairman of the Association of Licensed Telecommunications Operators of Nigeria told Bloomberg News Monday (May 15). According to...
Zip has added procure-to-pay capabilities to its intake-to-procure platform. The addition of these capabilities creates the company’s Intake-to-Pay, a unified platform for procurement that orchestrates spend from initial request to spend approval, payment processing and payouts, Zip said in a Monday (May 15) press release. “The launch...
Payments processor Jack Henry says it is “operationally ready” to support the Federal Reserve’s FedNow service. FedNow is the U.S. central bank’s real-time payments network due to launch in July, and Jack Henry announced Monday (May 15) that more than 20 of its clients will...
With recent research showing that consumers tend to order the same items from the same restaurants creating questions about the value of delivery aggregators, more restaurant chains are beefing up homegrown loyalty programs and creating direct relationships with diners. In “Connected Dining: Third-Party Restaurant Aggregators...
Zimpler has launched instant cross-border payouts for the 20 eurozone countries. The new account-to-account (A2A) payment solution is available for both B2C and B2B clients and allows them to send payments directly to a recipient’s bank account, Sweden-based Zimpler said in a Monday (May 15) press release. “Zimpler’s...
Victoria’s Secret (VS) is reviving its iconic fashion show but with a fresh approach. Instead of the traditional runway event, the brand is featuring women from diverse backgrounds worldwide in a full-length film called “Victoria’s Secret World Tour.” The movie aims to highlight the brand’s...
The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for fear of damaging their brand image. Nevertheless, the landscape has changed as consumer attitudes towards fashion have shifted and new...
Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And although technology has simplified cross-border payments over the years, Bhairav Trivedi, CEO at U.K.-based Crown Agents Bank (CAB), says not...
The Wall Street Journal reported last month (April 7) on the evolution of self-checkout systems, focusing on Uniqlo’s parent company, Fast Retailing, and its introduction of radio frequency identification (RFID) technology into the process. In stores where the system is implemented, shoppers can simply drop...
