News

IPO
Klarna Reportedly Prepping for Possible 2025 US IPO
July 17, 2024

Klarna is reportedly weighing financial advisors for its U.S. initial public offering (IPO). Goldman Sachs, J.P. Morgan Chase and Morgan Stanley were the top contenders to advise the Swedish payments FinTech, the Financial Times (FT) reported Tuesday (July 16), citing sources familiar with the matter....

Security & Fraud
Exclusive: Banks Explore Shared Data to Enhance Scam Detection Capabilities
July 17, 2024

As online scams and financial crimes continue to surge at the halfway point of 2024, banks and payment companies are ramping up efforts to protect consumers and their own bottom lines. At the forefront are new technology solutions and a call for greater collaboration and...

eCommerce
Embedded Finance’s Next Stop Is B2B Commerce
July 17, 2024

Wind the clock back just a few years, and online transactions were a disjointed experience. After filling a cart at a merchant’s site, upon checking out a user would be directed to another website to enter the same payment details. Cart abandonment inevitably followed. Enter...

Loyalty & Rewards
Amex Urges Merchants to Embrace Digital Loyalty’s Hyper-Personalization Mandate
July 17, 2024

If a business doesn’t meet its customers’ needs, its competitors will be happy to. That’s increasingly the reality for businesses today. In an era where consumer expectations around convenience and personalization are at an all-time high, digital loyalty programs have emerged as a component for...

Social Commerce
Eventbrite Enables In-App Ticket Purchases on TikTok
July 16, 2024

Global events marketplace Eventbrite has partnered with TikTok to help event creators promote their events and sell tickets. This collaboration includes an integration in which Eventbrite creators and TikTok users can add Eventbrite links directly to their TikTok videos, the companies said in a Tuesday...

Retail
Five Below CEO Steps Down as Comparable Sales Slip
July 16, 2024

Five Below has announced a leadership transition, with Joel Anderson stepping down from his roles of president and CEO, and from the board of directors, to pursue other interests. The retailer has appointed its chief operating officer, Kenneth Bull, as interim president and CEO, and...

eCommerce
JTL’s eCommerce Solutions to Integrate With Mollie’s Payment Services
July 16, 2024

JTL-Software and Mollie have partnered to provide enhanced payment options to the merchants using JTL’s eCommerce solutions. Mollie’s payment services will be integrated into JTL’s eCommerce solutions to provide both online and offline payment solutions, including the ability to processes transactions directly in the JTL enterprise...

Payments Innovation
Temenos and Visa Partner to Provide Money Movement Solution to Banks
July 16, 2024

Banking software company Temenos has teamed up with Visa to provide the money movement solution Visa Direct to banks. Visa Direct will be integrated with Temenos Payments Hub and made available to banks via Temenos Exchange, the company’s ecosystem of partner solutions, the companies said...

Retail
Mango Reaches New Heights With Buzzy Collaborations and Click-and-Mortar™ Focus
July 16, 2024

As clothing shoppers increasingly seek of-the-moment relevance and omnichannel accessibility, Mango is growing its reach by seizing on attention-grabbing short-term launches and connected technologies. The company reported Monday (July 15) its highest-yet revenue in the first half of this year, reaching over 1.5 billion euros...