News

International
Macron Invites Global Companies to ‘Choose France’
May 14, 2023

France’s president is due to unveil billions in investments in his country by global businesses. Emmanuel Macron has invited around 200 business leaders to Versailles on Monday (May 15), according to a report Sunday (May 14) by Bloomberg News. The meeting — which will include the...

Retail
Target Investors Worry About Earnings as Consumers Cut Back
May 14, 2023

As consumers cut spending, investors are reportedly worried Target’s next earnings will miss the mark. The retailer is set to release quarterly figures Wednesday (May 17), and expectations for what those numbers will show have been set low, Seeking Alpha reported Saturday (May 13). The report quotes Morgan Stanley analyst...

Social Commerce
New Twitter CEO’s Goal: Turning Platform to ‘Twitter 2.0’
May 14, 2023

Twitter’s new CEO says she’s excited to “transform” the social media platform. Linda Yaccarino, named chief executive last week by Twitter owner Elon Musk, tweeted on Saturday (May 13) to thank her new boss. “I’ve long been inspired by your vision to create a brighter future,” Yaccarino wrote....

Security & Fraud
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. That’s according to new findings from UK Finance, which also concluded that 78% of authorized push payment (APP) fraud begins online, with another 18% starting via telecommunications. The report also found...

Retail
Will Consumers Pay $50 for Drugstore Brand Sunscreen?
May 13, 2023

Inflation might be cooling but it hasn’t worn off yet, especially as consumers continue to purchase products that can essentially be dubbed “in demand.” Take Olay’s new SPF 30 mineral sunscreen for sensitive skin, which was reportedly found to retail for $50 in stores. In...

Investments
Salsa Raises $10 Million to Help Platforms Embed Payroll Features
May 12, 2023

Salsa has raised $10 million to help software platforms embed payroll features inside their own products. By embedding Salsa’s application programming interfaces (APIs) in their platforms, developers can enable businesses to handle payroll within the same software platform they use to manage their business and employees every day,...

B2B Payments
Ahrvo Labs Launches Cross-Border Open Banking Platform Supporting 185 Currencies
May 12, 2023

Ahrvo Labs has launched a platform that allows any authenticated bank account to be used for cross-border transactions. The company’s new Cross-Border Open Banking platform supports transactions in 185 currencies and eliminates the need for traditional layers of onboarding, Ahrvo Labs said in a Thursday...

eCommerce
Merchants Offer Dozens of Features to Get Shoppers to Buy, Here Are the 10 That...
May 12, 2023

The value proposition of online commerce is, above all else, convenience. “Building a Better Online Checkout Experience: The Key Features That Matter to Customers” a PYMNTS and Checkout.com collaboration, surveyed 2,030 U.S. consumers and found that the biggest barrier preventing smooth, seamless checkout online is an overall...

Retail
Wholesale Inventory Data Shows Value of Real-Time Tracking Amid Softening Demand
May 12, 2023

Government data released this week hints that retailers are in for a protracted struggle through the next few months. And with stock moving slowly through the channels, the pain points spotlight the need for real-time means of gauging consumer demand, which would benefit each of...