News

Payment Methods
Stan Chooses Stripe to Power Online Payments and Subscription Billing
August 21, 2024

Australian streaming service Stan has chosen financial infrastructure platform Stripe to power its online payments and subscription billing. Stan has partnered with Stripe to help the streaming service increase authorization rates and reduce involuntary churn, according to a Wednesday (Aug. 21) press release. “We are...

B2B Payments
Cumula 3 and Paystand Partner on B2B Payment Solutions
August 21, 2024

Cumula 3 and Paystand have partnered to offer NetSuite users a way to leverage simplified transactions, zero transaction fees and improved cash flow management. In this new partnership, Paystand’s B2B payment platform will be integrated into Cumula 3’s portfolio of cloud-based solutions for NetSuite, the...

Investments
Riley ‘Baby Bond’ Investors Take Action Amid Heavy Losses
August 21, 2024

Investment firm B. Riley is reportedly being scrutinized after recently warning of its biggest-ever quarterly loss. As Bloomberg News reported Wednesday (Aug. 21), retail investors are bearing the brunt of the company’s troubles. Based in Los Angeles, B. Riley bills itself as the leading firm when it comes to...

Retail
Target: Streamlined Checkout and GenAI Chatbot Improve in-Store Experience
August 21, 2024

A streamlined checkout experience and the deployment of generative artificial intelligence-powered handheld devices for employees have improved the in-store experience at Target, the retailer said Wednesday (Aug. 21). Target saw improvement in the in-store checkout experience during the second quarter after streamlining self-checkout and ensuring...

eCommerce
TalkShopLive Teams With NBCUniversal for Shoppable Video
August 21, 2024

Video commerce platform TalkShopLive has launched a partnership with NBCUniversal. The collaboration, set to kick off Thursday (Aug. 22), involves the two companies creating and streaming shoppable livestreams featuring entertainers such as Paris Hilton, who will host this week’s debut event. “NBCUniversal is one of...

Retail
Macy’s Pins Hopes on ‘First 50’ Strategy Despite Overall Sales Drop
August 21, 2024

Macy’s officials are confident in their “A Bold New Chapter” strategy, highlighted by the company’s First 50 locations. During its second-quarter earnings call Wednesday (Aug. 21), Macy’s Chairman and CEO Tony Spring noted the retailer showcased these flagship stores as a beacon of success amid...

Faster Payments
Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line
August 21, 2024

The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain ground, the Fed’s 2023 missive detailed progress and positive returns on Fedwire, which previously was...

Faster Payments
Swiss National Bank and SIX Launch New Instant Payments Solution
August 21, 2024

The Swiss National Bank and SIX Interbank Clearing have launched a new instant payments solution in Switzerland. This solution enables 60 financial institutions to receive and process instant payments as of Tuesday (Aug. 20), the Swiss National Bank said in a Wednesday (Aug. 21) press release. The new...

Investments
Blockchain Startup Story Raises $80 Million to Protect Intellectual Property From AI
August 21, 2024

Blockchain startup Story raised $80 million in a Series B funding round. The San Francisco-based firm announced the financing Wednesday (Aug. 21) on social platform X, saying it would use the money to help it build a blockchain designed to prevent artificial intelligence companies from...