News

Regulation
Treasury Department to Propose Beneficial Ownership Reporting Rules for Real Estate
August 10, 2023

Title insurers and others may soon be required to report the identities of the beneficial owners of companies that pay cash for real estate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Delivery
Cartwheel and Toast Partner to Optimize Delivery Operations for Restaurants
August 10, 2023

On-demand delivery management platform Cartwheel has integrated with the Toast Partner Ecosystem. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Faster Payments
Sila Introduces Real-Time Access to ACH Debits on Platform
August 10, 2023

Sila has introduced a product that offers customers real-time access to ACH debits made to its platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Retail
Instacart Expands Online SNAP Payment Acceptance Nationwide
August 10, 2023

Online grocery marketplace Instacart now accepts Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) payments throughout the entire United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
Gen AI Is Having Its iPhone 2G Moment
August 10, 2023

Generative artificial intelligence (AI) may be suffering from recency bias. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Investments
Lulu Group Raising $2.72 Billion to Reposition Business for IPO
August 10, 2023

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). Get the Full Story Complete the form to unlock...

eCommerce
REVOLVE Turns Delayed Shipping Into Customer Rewards 
August 10, 2023

There’s been so much talk about the state of returns, but maybe not nearly enough around shipping. But both services are becoming equally important.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Visa Expands Conferma Pay Partnership to Boost B2B Payments
August 10, 2023

Visa has expanded its partnership with Conferma Pay to enhance its B2B payment offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Payment Methods
EMVCo Reports 12.8 Billion EMV Chip Cards In Circulation
August 10, 2023

According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation, representing a 7% uptick compared to the previous year. Get the Full Story Complete the...