Branch banking didn’t vanish as many believed it might during the pandemic’s worst, but millions were introduced to digital banking, and a great many are using it, or intend to. It’s not surprising given the dazzling functionality and sheer convenience digital banking delivers. In the...
First-party misuse — known as “friendly” fraud — can be difficult to detect, and reducing it is a delicate matter of telling true policy abusers apart from innocent parties. Either way, it ends in chargebacks, extra costs and missing merchandise for merchants eating these losses....
Singapore-based eCommerce giant Shopee is trimming staff for its food delivery ShopeeFood and online payment ShopeePay teams in Southeast Asia, according to a Yahoo News report that points to an internal memo circulated Monday (June 13). In the memo cited by other news reports, Shopee...
Logistics payments firm PayCargo raised $130 million in a Series C funding round from a single investor, Blackstone Growth, to further the startup’s global expansion efforts across Asia, the Middle East and Latin America. Headquartered in Coral Gables, Florida, and founded in 2009 by Chief...
Qualcomm has won its appeal of a €997 million (about $1.04 billion) fine from European Union regulators over payments made to Apple to use Qualcomm chips after Europe’s General Court ruled in its favor regarding the 2018 penalty, according to The Verge Wednesday (June 15)....
U.S. retail sales unexpectedly fell 0.3% in May from a downwardly revised 0.7% pace in April, extending a four-month slowdown and delivering the strongest proof yet that record high fuel and food prices are cutting into consumer spending and confidence. According to the Census Bureau’s...
Paysend has launched a business solution to provide small- to medium-sized businesses (SMBs) worldwide with end-to-end payments and other tools to boost growth and diversify, according to a Wednesday (June 15) press release. London-based Paysend is a next-generation money transfer platform that enables people to...
Walmart continues to take steps to boost its home furnishings lines, announcing another high-profile deal in the space only a few weeks after launching the Gap Home Kids line and rolling out collaborations with several other designers earlier this year. The retail giant has inked...
The lifting of quarantines and other pandemic-related restrictions across Europe and around the world led shoppers to return to the brick-and-mortar locations of fashion retailer H&M, giving the company a bigger-than-expected sales boost for the second quarter of fiscal 2022 from March 1 to May...