News

B2B Payments
Legacy Payments Cost Schools More Than Money
November 03, 2022

PYMNTS interviewed Adam McDonald, president at TouchNet, on how the company is helping colleges and universities simplify and modernize their payments infrastructure — At a time when businesses everywhere are adapting to meet customers’ increasing expectations for digital payment methods and technology-driven interactions, institutions of...

Faster Payments
Federal Reserve’s Next 3 Years Include Instant Payments ‘Easy Button’
November 03, 2022

The term “central bank” brings to mind thoughts of stability, resilience and trust, all things that have been part of the Federal Reserve’s DNA for more than a century. Many people are less aware that the payment systems operated by the Fed facilitate the electronic...

Blockchain / Distributed Ledger
Israel Eyes Blockchain Bonds To Streamline Debt-based Securities Issuance
November 02, 2022

The Tel Aviv Stock Exchange (TASE) has recently signaled its interest in exploring innovative use cases for distributed ledger technology (DLT) in financial markets. Upon announcing its new strategy for the years 2023-27, TASE said that it would work to strengthen its digital, data and...

eCommerce
Pitney Bowes Renews Logistics Agreement With eBay
November 02, 2022

The global logistics firm Pitney Bowes on Wednesday (Nov. 2) announced the renewal of its agreement with eBay in which the company provides international eCommerce logistics services to eBay in the U.S. and U.K. In the U.K., Pitney Bowes has renewed its agreement to support...

Faster Payments
Revolut Debuts In-App Messaging Service
November 02, 2022

Revolut announced the launch of a new in-app chat feature on Wednesday (Nov. 2) that allows users to send messages to one another. Pointing to its own recent European survey data in a press release, Revolut said that two-thirds of people find it difficult to...

Retail
Grocery Store Food Halls Tread on Restaurant Turf to Customers’ Delight
November 02, 2022

Kroger, the United States’ leading pure-play grocer, is expanding its in-store virtual restaurants as grocery retailers expand their prepared meal options to remain competitive with shoppers who increasingly expect to get all their food needs met at once. The Ohio-based grocer is expanding its Mix...

B2B Payments
RoadSync and Fullbay Partner on Embedded Payments for Repair Shops
November 02, 2022

Digital financial platform RoadSync and heavy-duty repair solution Fullbay have partnered to make it easier for repair shops in the trucking industry to accept and manage fuel cards and fleet checks. The partnership adds a fully embedded fleet payments experience to Fullbay’s heavy-duty repair shop...

Payment Methods
Why Charging Twitter Users Per Tweet to Deter Bots Is DOA
November 02, 2022

How much would you pay to be allowed to make a post on Twitter? That is a question that was raised, somewhat indirectly, by the chief strategy officer of the world’s largest cryptocurrency exchange Binance, which kicked in $500 million to Tesla CEO Elon Musk’s buyout...

Retail
Estee Lauder Feels Bite From Reduced Retail Inventory
November 02, 2022

Cosmetics giant Estee Lauder said Wednesday (Nov. 2) a reduction in the level of makeup, skin and hair care products that retailers are willing to hold on their shelves and in warehouses led to an 11% drop in worldwide sales last quarter as well as...