News

Retail
Was Your Favorite Holiday Tradition Once a Marketing Campaign?
December 21, 2024

From candy canes to Christmas cards, the year-end holiday season is steeped in traditions that often feel timeless. Yet, many of these cherished customs can trace their origins to savvy marketing campaigns dating back to the 19th and 20th centuries. These campaigns not only captured...

Security & Fraud
FTC Finalizes Order Requiring Marriott to Improve Data Security
December 20, 2024

The Federal Trade Commission (FTC) has finalized an order requiring Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive information security program. This final order settles the FTC’s charges announced in October that the companies deceived customers by claiming to have reasonable data...

Investments
UAE-Based CredibleX Raises $55 Million to Expand Embedded Finance Solutions
December 20, 2024

UAE-based startup CredibleX has raised $55 million in a seed round to grow and broaden its embedded finance solutions for small- to medium-sized business (SMBs). The company’s solutions are designed for the UAE’s SMB sector, integrating into SMBs’ daily operations, according to a Monday (Dec. 16)...

Investments
Boon Raises $20.5 Million to Grow AI-Powered Platform for Fleets
December 20, 2024

Boon announced $20.5 million in combined seed and Series A funding to build an artificial intelligence (AI) platform for commercial fleets. “With $20.5M raised, we are expanding capabilities to deliver new features, optimizing for current clients, and building out our engineering and go-to-market teams,” Boon...

Investments
Germany’s Robin Capital Raises $13.6 Million for B2B SaaS Investments
December 20, 2024

Germany-based venture capital fund Robin Capital closed its Robin Fund One at 13 million euros (about $13.6 million). “Robin Fund One is closed,” Robin Haak, Robin Capital founder and managing partner, said in a Friday (Dec. 20) post on LinkedIn. “Robin Capital is here to...

Retail
British Retail Sales Dampened by Consumers Waiting for Bargains
December 20, 2024

While retail sales in Great Britain rose in November, analysts said the results were dampened by consumers waiting for bargains. Retail sales rose by 0.2% in November, marking the first increase since August, the Office for National Statistics (ONS) said in a Friday (Dec. 20) press release....

Artificial Intelligence
This Week in AI: Security Flaw Exposes AI Giants While Robot Workers Get Upgrade
December 20, 2024

This week in AI, security researchers stole artificial intelligence models with near-perfect accuracy by capturing electromagnetic signals, as MIT unveiled a robot system that can handle odd-shaped warehouse packages with 80% success. Meanwhile, three nations launched AI regulations, and Google released its more autonomous Gemini...

Cross-border Payments
How ISO Standards Could Reshape Cross-Border Payments
December 20, 2024

Since the inception of global trade, the world’s financial systems have largely talked past and around each other. The reason? Diverse payment systems and communication protocols across countries and financial institutions have led to fragmentation and a lack of standardization across the world’s economies and...

B2B Payments
The Payments Problem Small Businesses Don’t Know They Have
December 20, 2024

The circle of trust and the issues around risk management explored in PYMNTS’ recent “What’s Next in Payments” articles are often heavy on future technology. They may bring to mind a consumer logging into a bank app, sending a P2P payment or transacting with a...