News

eCommerce
Why Türkiye Is a Prime Opportunity for eCommerce
April 25, 2023

With eCommerce growth eclipsing that of Europe or the U.S., Türkiye offers a prime opportunity for global sellers, but new regulation will change how eCommerce business is done, Worldline’s Michael Bilotta and Roman Tazetdinov explain.

eCommerce
PYMNTS Intelligence: What Foreign Merchants Need to Know About Doing Business in Türkiye
April 25, 2023

Türkiye represents an enticing opportunity for foreign merchants, especially as eCommerce quickly gains popularity in the region. Never before has it been easier to gain an entirely new customer base from anywhere in the world, as the need for brick-and-mortar stores and warehouses in the country has been dramatically reduced...

Security & Fraud
What Experts Say It Takes to Stem the $49 Billion Rising Tide of Card-Not-Present Fraud
April 25, 2023

The physicality of face-to-face commerce has put a huge dent in fraud. Or at least some types of fraud. EMV chips have made it hard to clone cards. Chip, PIN and signature combinations have also been instrumental in keeping fraudsters at bay. Entersekt Co-founder and...

Digital Banking
Treasury Prime: Flexible Risk Architecture Helps Build Concrete Compliance Programs
April 25, 2023

Digitization across the banking landscape is a one-way street that is only accelerating. As modern solutions and systems take the marketplace by storm, it is imperative that firms establish both a culture of compliance and an elastic, scalable risk management framework in order to take...

Mobile Commerce
Millennials Willing to Pay For Smart, Conversational Voice Assistant
April 25, 2023

Consumers want to make their daily routines simple and more connected, and hands-free voice-activated technologies can fit the bill. Consumers already use voice assistants to find information, play music or find and book airline tickets, among many other possibilities. Consumers performed an average of six tasks...

Payment Methods
Instant Pay May Aid Nursing Recruitment During Shortage
April 24, 2023

Hospitals and other healthcare-related facilities are turning to gig economy apps to fill gaps in their nursing staff. This employment crunch began in 2020 and 2021 as a direct result of pandemic-related pressures but has continued into 2023. The shortage amounts to the largest drop in nursing employment in...

Banking
First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
April 24, 2023

First Republic Bank expects to reduce its workforce by as much as 25% in the second quarter. In its first earnings report since experiencing a bank run and getting support from 11 banks in the form of $30 billion in deposits, the bank said in...

Wearables
Oura Begins Offering Wellness-Oriented Wearable Technology at Best Buy
April 24, 2023

Oura’s wellness-oriented smart ring is becoming available at Best Buy. The Oura Ring — wearable technology that provides health data, insights and guidance — began its rollout to Best Buy brick-and-mortar stores Monday (April 24) and is also available on the retailer’s website, the companies...

Blockchain / Distributed Ledger
Tokenized Deposits Gain Currency Around the Globe
April 24, 2023

In the debate over stablecoins vs. cryptocurrencies, it may be tokenized deposits that wind up gaining ground. Tokenized deposits are tied to existing bank deposits; the digital representations of existing bank liabilities are held by licensed depository institutions and are recorded on distributed ledgers. But...