November 27, 2022
Mastercard: Black Friday Spending Up 12% Despite Inflation
In spite of inflation, American consumers spent the day of Thanksgiving shopping — both online and off — and dining out, leading to double-digit sales growth. That’s according to Mastercard’s...
November 23, 2022
Retail CFOs See Bigger Markdowns Ahead of Holidays
As the busiest shopping season of the year gets underway, retail CFOs are facing shrinking profit margins as their companies offer more markdowns to drive sales. Among retailers who reported...
November 22, 2022
Paymob and Foodics Team on POS Tech for Egyptian Restaurants
Cairo-based FinTech Paymob and Riyadh-based restaurant technology provider Foodics announced that they have partnered to provide point-of-sale (POS) devices to the hospitality sector in Egypt. The new partnership will integrate...
November 22, 2022
2023 Outlook: The Year of Real-Time Data-Driven Treasury
As treasury departments around the world look ahead to 2023, the words on most lips are “real time.” On the one hand, new rails that enable real-time payments, from payroll...
November 22, 2022
Airlines Eye Closed-Loop Payments Solutions to Reduce Payments Costs
While the cost of processing credit cards has dropped dramatically over the years, some of the interchange levels have remained relatively high. This has led to an economic model evolving...
November 21, 2022
Newegg’s Livestream Shift Follows Push Toward Self-Made Creators
Digital electronics retailer Newegg is hoping to capitalize on the potentially $1.2 trillion creator economy trend with a series of live streams centered around the holiday shopping season. According to a...
November 18, 2022
Is Higher Fraud Risk an Unintended Consequence of Fed’s New...
Last month, the Fed said it was officially ending debit network exclusivity across all channels. Beginning in 2023, all debit card issuers must enable merchants to choose at least two...
November 17, 2022
Visa to Bring Contactless Payments to World Cup
Visa is bringing a contactless payments network to this year’s World Cup, joining a legion of companies attempting to make paying easier for sports fans. Visa said in a Thursday...
November 16, 2022
FIs Embrace Biometric Payment Cards To Improve Security, Enhance User...
Last month, biometric payment cards that incorporate fingerprint scanners received a significant boost thanks to the publication of new specifications by EMVCo, the global card standards-setting body owned by Mastercard, Visa, American...
