Payments platform ConnexPay has added acquiring in Canadian dollars to its virtual card issuing offering. The expansion lets ConnexPay customers process payments in Canadian dollars (CAD), according to a Tuesday (Dec. 12) press release, and opens ConnexPay’s services to a “vast market” of 38.25 million people and...
LTK announced the launch of a new artificial intelligence solution that helps brands find and cast creators for marketing campaigns. The new LTK Match.AI also helps creators increase their visibility and elevate their earning potential, LTK said in a Tuesday (Dec. 12) press release. “Our...
The Financial Conduct Authority (FCA) in the United Kingdom said Tuesday (Dec. 12) that the country already has a robust framework in place to tackle the challenges of artificial intelligence (AI). Addressing parliament’s Treasury Select Committee, FCA CEO Nikhil Rathi emphasized the importance of not...
The world’s largest convenience store chains are leveraging their apps to drive traffic and personalize their marketing to consumers’ individual habits and preferences. For instance, Casey’s General Stores shared in an investor presentation Monday (Dec. 11) accompanying its second-quarter fiscal 2024 financial results that its...
Consumers are using social media to buy products, and apparel, beauty, and food and beverage are the three categories they shop the most. A total of 45.5% of consumers buy apparel on social media, followed by beauty products at 32.8% and food and beverage at...
Private equity group Motive Partners has secured a controlling stake in installment payments company Splitit. Motive has committed to invest $50 million in Splitit, the companies announced Tuesday (Dec. 13) as it also delisted from the Australian Stock Exchange. That delisting had been one of the requirements for Motive to...
Nestle, the maker of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased sales of confectionery in the United Kingdom this holiday season. Cash-strapped shoppers, looking for more affordable gifts, are turning to chocolate instead of expensive toys and gadgets, Reuters reported Monday (Dec. 11). Despite price rises,...
Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. The latest job cuts will be made over the next 18 to 24 months, Hasbro said in a Monday (Dec. 11) filing with the Securities and...
Investment firm General Atlantic has reportedly confidentially filed for an initial public offering (IPO). The firm, which is known for its successful investments in companies like Facebook and Airbnb, is considering listing as early as next year, depending on market conditions, Bloomberg reported Monday (Dec. 11), citing unnamed sources....
