This week in grocery, consumers seek discount food options, and Instacart ships Christmas trees. Canadian discount retailer Dollarama, which has more than 1,400 locations across the country, has benefited from consumers’ search for less expensive groceries amid rising prices and ongoing economic challenges. “We continue to...
An industry working group will encourage adoption of request for payment (RFP) functionality. Formed by the Federal Reserve ahead of the launch of the FedNow Service, which is to happen in mid-2023, the Request for Payment (RFP) Work Group: Customer Experience will establish voluntary principles...
Instacart is driving sales with consumers rushing to use flex spending funds before they expire. The grocery aggregator announced Wednesday (Dec. 7) the launch of a pop-up online shop for items eligible with Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), featuring items ranging from COVID-19...
Tapline has secured €31.7 million in equity and debt in a pre-seed funding round. Out of the total, debt funding of €30 million ($33.5 million) was provided by Fasanara Capital. The remaining €1.7 million ($1.8 million) equity round was led by the V-Sharp Venture Studio...
Veem and Finastra have partnered to help banks offer innovative payment services. The partnership creates a native integration that allows Veem’s accounts payable (AP) and accounts receivable (AR) services for small and medium-sized businesses (SMBs) to be accessed directly through Finastra’s Fusion Digital Banking Platform,...
Retailers are expanding their in-store fulfillment options to accommodate changing shopping patterns. It’s a trend we’ve been noting for some time and one that now extends to retailers like Ulta, as the Wall Street Journal reported Thursday (Dec. 8). The beauty product chain has expanded...
Younger people are more likely than older adults to report losing money to fraud. The Federal Trade Commission (FTC) reported Thursday (Dec. 8) in a Data Spotlight that adults between the ages of 18 and 59 were 34% more likely than those 60 and older...
The U.K.’s payment regulator has outlined new rules to combat authorized push payment (APP) fraud. The Payment Systems Regulator (PSR) published new rules for banks and building societies on Thursday (Dec. 8), requiring them to report details about APP fraud, including the rates of APP...
Amazon has joined its Big Tech cohorts in trying to capture the social commerce market. The retail giant on Thursday (Dec. 8) unveiled “Inspire,” a TikTok-like feature on its app that lets customers browse a custom photo/video feed to find products. Amazon tells The Wall...
