Consumer desire for luxury goods in post-COVID China has meant good news for LVMH. The Louis Vuitton owner on Wednesday (April 12) reported a 17% increase in sales for its first quarter, driven in part by a resumption of shopping among Chinese consumers following the...
Embedded finance can help nonfinancial brands reach their full potential by allowing customers to transact seamlessly wherever they are, reducing the risk of cart abandonment online, says Mastercard’s Sherri Haymond.
Digital commerce has a data problem. Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that “data droughts” exist between issuers, payment service providers and card networks when making risk-informed decisions about whether — or not — to approve transactions. The result? Friction, lost...
Handle has added Fiserv’s embedded payments capabilities to its construction-specific credit software. With the integration of these capabilities from Fiserv, a global provider of payments and financial services technology, the capabilities of Handle’s construction software for material suppliers and specialty contractors will include secure payment acceptance, Handle...
As of January this year, about 10% of U.K.’s population is using open banking services. The number of active users crossed the 7 million mark around the same time the country celebrated the fifth anniversary of adopting open banking regulation. A recent report published by Open Banking Limited (OBL) shows that...
Shopline is expanding its commerce services platform for selling on social media to Europe. The Singapore-headquartered firm has opened a European headquarters in London, adding that to its regional offices in Malaysia, Indonesia, Taiwan and Australia, Shopline said in a Wednesday (April 12) press release....
British venture firm Albion Capital has raised nearly $100 million for its portfolio companies. According to a UK Tech News report Wednesday (April 12), the money arrived a little more than a year after the company said it was looking for financing, and comes at...
The list of financial institutions — smaller banks among them — readying for real-time payments grows longer. Salem Five, a mutual bank with roots tracing back to the 19th century, will be among Fiserv’s financial institution (FI) clients working to implement the FedNow Service when...
The United Kingdom is considering changes around deposit insurance, especially in smaller banks. Noting that the United States is doing the same, Bank of England Governor Andrew Bailey said in a Wednesday (April 12) speech that the U.K. is considering improvements to its approach to...
