News

Retail
HSN and Impact Team to Launch Influencer Platform
July 09, 2024

HSN is delving deeper into the creator economy. The shopping network is teaming with impact.com to launch HSNfluencer, a platform aimed at creators, according to a Tuesday (July 9) press release. “The technology allows HSN to streamline direct relationships with creators and influencers to build...

eCommerce
Etsy Aims to Have Its Artisanal Cake and Eat it Too
July 09, 2024

As eCommerce titans Amazon, Temu and Shein expand their reach, Etsy is attempting to reclaim its niche by emphasizing its original mission to support artisans and crafters, but the fine print shows considerable wiggle room for less handmade products. The company posted a policy update...

Cross-border Payments
HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
July 09, 2024

Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing launched in the United Kingdom in January. The Zing app allows members to hold funds in up to 10 different currencies,...

Security & Fraud
Report: Interpol Scam Crackdown Puts Focus on Online Payments Security
July 09, 2024

Interpol — short for the International Criminal Police Organization — may be familiar to readers as a staple of spy and action movies … where the police join forces around the globe to stop the bad guys in their tracks. And, as detailed in a...

Retail
Social Media Apps Tap Click-and-Mortar™ Pop-Ups to Boost Commerce
July 09, 2024

As social media platforms aim to grow their presence in retail, key players including Snapchat, Pinterest and TikTok are turning to omnichannel retail pop-ups. Most recently, British department store Selfridges announced a partnership with Snapchat, part of its Sportopia summer pop-up, on its augmented reality...

Mobile Payments
Square Brings Tap to Pay to Merchants in France
July 09, 2024

Square has begun offering Tap to Pay on iPhone to merchants in France. The new offering, announced Tuesday (July 9), lets businesses use an iPhone to accept in-person payments with Apple’s Tap to Pay contactless payment technology. “The French business landscape is competitive and tech-savvy, always looking for...

Regulation
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
July 09, 2024

Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection Bureau, which accused the bank of forcing vehicle insurance onto borrowers who had coverage and setting up fake accounts in...

B2B Payments
Amazon Business App Center Adds Symbeo AP Automation Solution
July 09, 2024

Symbeo’s accounts payable (AP) automation and artificial intelligence (AI)-enabled optical character recognition (OCR) solution, RapidInvoice, is now available on the Amazon Business App Center. This partnership will extend the reach of this solution, making it readily available to mid-market companies and small and medium-sized businesses...

Digital Banking
Traditional Banks Go Digital as Neobanks Face Regulatory Heat
July 09, 2024

As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. Open banking looks set to transform financial services in the United States, and the approach, in contrast to what has been seen in Europe, is market-driven rather than government-driven. A...