News

Retail
Kroger’s Home Chef Partners With Delish as Grocers Monetize Recipe Content
December 18, 2023

As grocers seek ways to monetize consumers’ enthusiasm for digital culinary content, Home Chef is partnering with Delish to create meal kits based on the popular food media brand’s recipes. The Kroger-owned meal kit company on Monday (Dec. 18) announced the collaboration, which runs for...

Retail
Unilever Sells Q-Tips and Other Brands to Yellow Wood
December 18, 2023

Unilever is set to sell Q-Tips and a number of its other personal care and beauty brands. The consumer packaged goods giant on Monday (Dec. 18) announced it had reached an agreement to sell its Elida Beauty unit to Yellow Wood Partners.  According to a company news release, Elida...

B2B Payments
Treyd Expands Inventory Financing Solution to Ireland 
December 18, 2023

Swedish-based FinTech company Treyd has expanded its “sell first, pay suppliers later” service to Ireland.  “This marks a fantastic opportunity for Irish SMEs [small- to medium-sized enterprises] to embrace a fresh approach to financing their inventory,” the company said in a Friday (Dec. 15) post on LinkedIn.  This...

B2B Payments
Alternative Payments Adds Collections Support for B2B Payments
December 18, 2023

Alternative Payments has launched a product designed to improve the accounts receivable (AR) collections process for services companies.  The new Collections Assist product joins the company’s B2B payments and checkout infrastructure offerings, Alternative Payments said in a Monday (Dec. 18) press release.  What sets Alternative Payments apart is...

Regulation
Lawmakers Say EU Regulations Unfairly Target US Tech Companies
December 18, 2023

A bipartisan group of U.S. lawmakers reportedly wrote a letter to President Joe Biden expressing concerns that the European Union’s digital regulations unfairly target American technology companies. The lawmakers argued that the regulations, particularly the Digital Markets Act (DMA), designate five leading U.S. tech companies...

Investments
Revo Capital Launches $100 Million Effort for Turkish AI Firms
December 18, 2023

Turkey’s Revo Capital reportedly plans to raise $100 million for local AI-powered startups. The new fund will mark Revo’s inaugural investment in the gaming and energy sectors, Managing Director Cenk Bayrakdar told Bloomberg News in an interview Monday (Dec. 18), with a focus on firms that develop AI and...

eCommerce
A False Declined Payment Costs Merchants More Than a Sale
December 18, 2023

A false decline is a legitimate card transaction that is ultimately denied, either by a bank or a merchant because it is mistakenly considered a fraud attempt. The result is a consumer who abandons the shopping cart, which is finally translated into lost sales that...

Artificial Intelligence
Scienaptic AI and SentiLink Enhance Fraud Detection Tool Partnership
December 18, 2023

Scienaptic AI and SentiLink enhanced their product partnership to provide credit unions and lenders with artificial intelligence-powered fraud detection capabilities. The fraud detection tools will be powered by Scienaptic AI’s credit underwriting platform and SentiLink’s identity verification and fraud detection solutions, the companies said in...

Retail
H&M Loses Market Share in Fast Fashion, Pivots to Target New Spenders 
December 18, 2023

As the fast fashion race heats up, H&M has more than just Shein to worry about. With contenders like Zara vying for the spotlight and snatching up market share, H&M is now forced to reevaluate its strategy.  According to the Swedish fashion retailer, it experienced...