News

Security & Fraud
Mastercard to Offer Vesta’s Fraud Protection Solutions in APAC Region
May 12, 2023

Mastercard will soon offer Vesta’s fraud protection solutions to eCommerce merchants in the Asia-Pacific (APAC) region. As part of an expanded fraud detection partnership, Vesta’s Payment Guarantee and Payment Protect will be integrated into the Mastercard Payment Gateway Services (MPGS) platform and will be made available to MPGS customers in the APAC region in the...

Retail
Influencers Help Brands Drive Sales Through Retail Media Networks
May 12, 2023

With the newfound momentum behind retail media networks and Dollar General and Walmart reporting promising results, many brands and retailers feel compelled to take this strategy to the next level. One promising avenue for further development is through leveraging content creators and/or influencers. Creator Marketing ...

Retail
Fabletics Implements Salesfloor’s Customer Engagement Platform to Enable Connected Conversations
May 12, 2023

Fabletics now enables its customers to communicate with store associates via email, text and video chat. The activewear brand has implemented Salesfloor’s customer engagement platform to enable these connected conversations, Salesfloor said in a Thursday (May 11) press release. “Our commitment to empowering retailers with...

Retail
Auto Sales Slump Could Be a Crisis of the Sector’s Own Making
May 12, 2023

The Bureau of Labor Statistics (BLS) published a little-noticed piece last month analyzing the part auto dealers’ markups played in new car price tag inflation during the post-pandemic recovery. With their significant part in the supply chain through maintaining inventory of cars awaiting sale, dealerships were...

Retail
Walmart Hints at Early FedNow Adoption While Amazon Is Mum So Far
May 12, 2023

So far, Walmart has been more publicly outspoken than Amazon about adopting the Federal Reserve’s forthcoming FedNow instant payment platform. However, the eCommerce giant is well aware of the new payment rail, and other moves suggest that early adoption of FedNow ahead of the platform’s...

Digital Banking
FinTechs’ Latest Profitability Challenge Is Finding Business Models Beyond Interchange
May 12, 2023

FinTechs are facing an existential crisis now that the age of easy access to capital is over. Investors — running the gamut from private venture capital firms to Wall Street activist investors and retail masses — are demanding to see profits. Sustainable black ink on...

IPO
FinTech IPO Index Soars 9.3% as Blend, Open Lending Lead Earnings Rallies 
May 12, 2023

Earnings, earnings, everywhere — and for the FinTech IPO Index, a notable rally marked the past five sessions. The overall index was up 9.3%. Blend Labs led the charge, where shares soared more than 84%.   In the company’s results, Blend noted its mortgage banking software...

Banking
CFPB Head Says Large Banks Should Pay for Insuring ‘Uninsured’ Depositors
May 11, 2023

The head of the Consumer Financial Protection Bureau (CFPB) says big banks should pay for insuring “uninsured” depositors. CFPB Director Rohit Chopra, who is a member of the Federal Deposit Insurance Corporation (FDIC) board of directors, said in a Thursday (May 11) statement that he supports the FDIC’s proposal to require banks...

Cross-border Payments
Paysend Launches Cross-Border Payments Solution for Small Businesses in US
May 11, 2023

Paysend has launched its cross-border payments solution for small businesses in the United States. The expanded availability of Paysend Business follows its successful implementation in the United Kingdom in 2022, the company said in a Thursday (May 11) press release. “We know that cross-border payments can be a pain point for...