As the digital goods and services market expands globally, merchants and their payment partners must figure out the ideal mix for each market, offering the right choices without overwhelming the customer or pushing them to consider abandoning the purchase. Complications inherent in this came up...
As China comes back online and adjoining markets like Hong Kong and nearby Singapore also reawaken from a COVID-induced slumber, that part of the world is hungry for digital innovation in payments and fraud prevention, creating an opening for platform players and their solutions. One...
The Federal Deposit Insurance Corp. (FDIC) is seeing “substantial interest” in Silicon Valley Bank. The regulator said Monday (March 20) that it has extended the bidding process, that it will allow the submission of separate bids for two entities and that it is seeking bids for...
FLEETCOR has announced a board refresh and a strategic review. The global business payments company has made these changes as part of a cooperation agreement with a longtime shareholder, the global investment and technology development firm D.E. Shaw, FLEETCOR said in a Monday (March 20)...
First Citizens Bank reportedly aims to buy Silicon Valley Bank. The company — which has bought 20 failed banks over the last 14 years — has submitted an offer to buy Silicon Valley Bank (SVB) and may also participate in this week’s auctions for the...
Independent grocers may trail behind industry giants in digital availability, but possibly not for long. The Context Small grocers are significantly less likely than major players to offer options for online pickup and delivery, but as eGrocery demand only continues to grow, many are either...
Embedded finance workflows startup Monite has closed $5 million in seed funding. This follows a $5 million seed round in February 2022, bringing the firm’s total seed funding to $10 million, Monite said in a Monday (March 20) press release emailed to PYMNTS. The Berlin-based...
With the inflation-related devaluation of restaurant rewards points, loyalty programs are losing power. Atlanta-based quick-service restaurant (QSR) chain Chick-fil-A, which has more than 2,800 restaurants in the United States and Canada, recently informed its customers via email that it is increasing the number of points...
Americans will spend a record $24 billion on Easter this year despite ongoing economic pressures. According to a survey released Monday (March 20) by the National Retail Federation (NRF), 81% of Americans will celebrate the holiday this year and spend an average of $192.01, another record amount. “Easter endures...
