News

Loyalty & Rewards
Brands Ramp Up Innovation to Elevate Customer Loyalty and Rewards Redemption
September 20, 2024

Brands are always seeking innovative ways to enhance customer loyalty and streamline rewards redemption, recognizing that a seamless and engaging experience is crucial for retention. By integrating partnerships and leveraging technology, companies are creating dynamic ecosystems that encourage frequent engagement and deeper connections with their...

B2B Payments
Making Sense of the Great ERP System Cloud Migration 
September 20, 2024

Enterprise resource planning (ERP) systems have long been the backbone of enterprise businesses. And for too long, these systems — which enable organizations to integrate and manage core business processes across departments such as finance, supply chain, human resources and customer relationship management (CRM) —...

Artificial Intelligence
The Week in AI: Nvidia and HubSpot Launch Platforms as Big Tech Bets on Data...
September 20, 2024

Technology firms are launching ambitious artificial intelligence projects aimed at transforming multiple industries. From Nvidia’s telecom platform to HubSpot’s marketing suite and a $100 billion data center initiative backed by Microsoft and BlackRock, these efforts promise to overhaul everything from wireless networks to supply chains...

Payments Innovation
77% of Shoppers Say ‘No Sale, Bye’ If Preferred Payment Option Missing
September 20, 2024

In today’s fast-paced eCommerce landscape, platforms like marketplaces and aggregators are vital for merchants looking to expand their reach. However, they face challenges in offering diverse payment options while maintaining smooth operations. A PYMNTS Intelligence report, “The Orchestrated Platform: Why Payments Orchestration Is Not Just...

Fintech Investments
FinTech IPO Index Gains 4.5% as Fed Cuts Cheer Investors
September 20, 2024

Stocks had a historic week, as the Dow hit new highs and the Fed made a bit of history of its own — and the FinTech IPO Index soared 4.5%, buoyed by the platforms. The conventional wisdom, in the wake of a 0.5% cut by...

Retail
Nike CEO John Donahoe to Retire, Succeeded by Longtime Executive Elliott Hill
September 19, 2024

The Nike board of directors has announced a leadership transition that will see Elliott Hill, the company’s former president for consumer and marketplace, who retired in 2020, return to the company as president and CEO. The board also said in a Thursday (Sept. 19) press...

Alternative Finances
Forward Financing Gains $450 Million Credit Facility for Revenue-Based Financing
September 19, 2024

Forward Financing has increased its existing $250 million credit facility to $450 million to support continued growth of its revenue-based financing for small businesses across the United States. “This significant expansion of our credit facility is an exciting step towards continued growth and our ability...

Payment Methods
Adyen Offers Cinemark Moviegoers More Payment Options
September 19, 2024

Adyen said in a Thursday (Sept. 19) press release that it is now the official payments platform for theater chain Cinemark. The collaboration offers moviegoers increased payment options and ease of use, per the release. Adyen is powering payments on Cinemark’s website and mobile app,...

Security & Fraud
Report: Disney Cuts Ties With Slack After Data Heist
September 19, 2024

Disney reportedly plans to stop using workplace collaboration platform Slack following a recent data breach. Chief financial officer Hugh Johnston announced the change this week, the Wall Street Journal (WSJ) reported Thursday (Sept. 19), citing an internal memo reviewed by the news outlet. That memo...