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Moneyhub and MX Partner to Provide Open Banking Solutions Around the World
Moneyhub and MX Partner to Provide Open Banking Solutions Around the World
July 06, 2023  |  Partnerships

Moneyhub and MX Technologies have announced a strategic partnership to leverage each company’s capabilities and networks to promote open finance for organizations and consumers in Europe and North America....

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Mastercard Uses AI to Spot Real-Time Payments Fraud for UK Banks
Mastercard Uses AI to Spot Real-Time Payments Fraud for UK Banks
July 06, 2023  |  Fraud Prevention

Mastercard has teamed with nine British banks to fight fraud via artificial intelligence (AI). Now live in the U.K., the company’s consumer fraud risk solution uses...

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CAB Payments Goes Public Amid Tepid UK IPO Market
CAB Payments Goes Public Amid Tepid UK IPO Market
July 06, 2023  |  IPO

Great Britain’s CAB Payments raised $426 million upon becoming a public company Thursday (July 6). The firm, which had announced its initial public offering (IPO) plans last month, is...

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BigCommerce Adds Localization Features to Multi-Storefront Platform
BigCommerce Adds Localization Features to Multi-Storefront Platform
July 06, 2023  |  Retail

BigCommerce is adding new localization features to its Software-as-a-Service (SaaS) eCommerce platform. The upcoming features will allow global enterprise merchants to localize their checkout, merchandising, language and content,...

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TikTok Uses Brick-and-Mortar Shop to Promote ‘Community Commerce’
TikTok Uses Brick-and-Mortar Shop to Promote ‘Community Commerce’
July 06, 2023  |  Retail

TikTok has spent a week running a brick-and-mortar pop-up shop for brands and creators. The shop is not open to the public; instead, it is showing...

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Auto Sales Climb 13% as Consumers Continue to Spend
Auto Sales Climb 13% as Consumers Continue to Spend
July 06, 2023  |  Economy

Interest rates and inflation are apparently no match for the consumer’s desire for a new car. New vehicle sales in the U.S. rose an estimated...

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FIS Sells Worldpay Stake to GTCR For $18.5 Billion
FIS Sells Worldpay Stake to GTCR For $18.5 Billion
July 06, 2023  |  Acquisitions

FIS is selling its majority stake in Worldpay to private equity group GTCR for $18.5 billion. The payments company announced the sale Thursday (July 6), days after reports that GTCR and Advent...

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Zuckerberg Aims to Make Threads a 1-Billion Member App
Zuckerberg Aims to Make Threads a 1-Billion Member App
July 06, 2023  |  Meta

Meta’s Twitter rival Threads debuted Thursday (July 6) with 10 million sign-ups in seven hours. CEO Mark Zuckerberg says he’s envisioning a much higher number,...

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Venture Spending Drops by Almost Half in US
Venture Spending Drops by Almost Half in US
July 06, 2023  |  Startups

Times are tough for early-stage startups, suffering a drastic drop in venture capital spending. American investors backed 3,011 startup deals in the second quarter of...

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